The total investment of Lamda Development, after the acquisition of McArthurGlen Designer Outlet Athens, is estimated at 109 million euros.
As is also made clear the value of the property amounts to 109 million euros (Gross Asset Value), while the loans received by the company that owns the property are approximately 70 million euros from a banking institution and 18 million euros from its shareholders, therefore the company’s Net Asset Value amounts to approximately 20 million
With the acquisition of the company, Lamda Development proceeded to repay the loans of the old shareholders and therefore the total cash price paid by Lamda amounts to approximately 40 million euros.
Also read: Lamda Development subsidiary purchases McArthurGlen outlet mall for 40mln€
As reported by the company, McArthurGlen Designer Outlet Athens is the leading discount village in Greece with a total leasable area of approximately 21,200 sq.m. and more than 100 shops, cafes and restaurants. The occupancy on 30.06.2022 was approximately 95% while the total traffic in full and unhindered operation conditions (in 2019, before the pandemic) was approximately 4.2 million visitors per year.
Commenting on the transaction, the CEO of the LAMDA Development group, Mr. Odysseas Athanasiou, noted that through the acquisition of a leading player in the Lamda has strengthened its leading position in Retail.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
RES: Large Companies Buying PPAs in Greece
Power Purchase Agreements (PPAs) are long-term contracts between renewable energy producers and large corporations seeking to secure electricity at stable prices in a sustainable manner.
School Closures, Ships Docked Amid Bad Weather in Greece
Severe weather in Greece causes school closures and sailing bans. Strong winds, snowfall, and icy conditions disrupt daily life and travel on Tuesday.
Greece to Proceed with Issuance of 10-Year Bond
Regarding Greece's public debt the Agency forecasts that it will continue its downward trend, recording a total reduction of around 56%.
Labor Shortage in Greece: Vacant Job Positions Costing the Economy Millions
Data show that specific sectors are facing particular challenges in filling job positions, with the primary sector struggling to find working hands.
e-EFKA: “Thaleia” Answers Policyholders’ Questions
It is a service provided by the organization, aimed at enhancing the experience for individuals with special needs.
PM Mitsotakis Outlines 2025 Goals for Growth and National Interests
"The government’s work will remain intense and multifaceted, so that day by day, something changes and the lives of all citizens become better," the prime minister stated
Tender for Repairs on Athens Olympic Stadium’s (OAKA) Iconic Roof
Tender for OAKA project, which is expected to exceed 78 million euros, stipulates that repairs, maintenance must be conducted while venue remains open for events
Louis-Dreyfus Family Eyes 21% Stake in Thessaloniki Port
The newly created Amsterdam-based LeonidsPort company has submitted a voluntary public offer for 21%
EUIPO Throws Out Turkaegean Trademark
The trademark had been filed by the Türkiye Tourism Promotion and Development Agency (TGA) in 2021 and immediately generated heated opposition by Athens
Economic Sentiment Indicator in Greece Drops Slightly in Dec.
The data revealed that the primary drivers of the slight drop were the industrial and retail trade sectors. Conversely, construction and consumer confidence improved.
![Ενέργεια: Απειλεί και πάλι ο διπλός κίνδυνος από ανατιμήσεις σε πετρέλαιο και φυσικό αέριο [γράφημα]](https://www.ot.gr/wp-content/uploads/2025/01/ot_oil_world3-1024x600-1-90x90.png)
![Ενέργεια: Απειλεί και πάλι ο διπλός κίνδυνος από ανατιμήσεις σε πετρέλαιο και φυσικό αέριο [γράφημα]](https://www.ot.gr/wp-content/uploads/2025/01/ot_oil_world3-1024x600-1-600x352.png)
