Lamda Development, the private Costeas-Geitonas School (CGS) in Athens and Prodea Investments on Thursday announced a three-way memorandum of cooperation (MoC) envisioning the foundation of a modern education institution in the primary and secondary sector.

The MoC foresees the building and establishment of a new private school complex at the Helleniko site in coastal southeast Athens, where ATHEX-listed Lamda has the concession for the multi-billion-euro land development and privatization, which it now calls “The Ellinikon”.

Under the proposed deal, Prodea will hold a long-term lease for a tract of land at the Helleniko site, which it will build the school complex and then sub-lease to CGS.

A final and binding contract between the three sides is expected by the end of the year.

Ακολουθήστε τον ot.grστο Google News και μάθετε πρώτοι όλες τις ειδήσεις
Δείτε όλες τις τελευταίες Ειδήσεις από την Ελλάδα και τον Κόσμο, στον ot.gr

Latest News

Πρόσφατα Άρθρα English Edition