LAMDA Development S.A.: The leader in the Retail Real Estate sector in Greece
LAMDA Development S.A., listed on the main market of the Athens Exchange, is a holding company specializing in the development, investment and management of real estate. The company is the leader in the Retail Real Estate sector in Greece with successful diversification in the office and residential sectors.
The company’s development portfolio includes three commercial and leisure centers, office buildings, innovative residential complexes and Flisvos Marina in Faliro.
In 2014, LAMDA signed the contract with the Greek state for the acquisition of the shares of the “Hellinikon SA”, which includes all the land area of the old Athens airport and the coast front, totaling 6,2 mil sq.m. The revitalization of Hellinikon is the biggest project of its kind in Europe and the most ambitious development project ever undertaken in Greece. The project has been specifically designed to positively impact the local, regional and national economy, by adding significant new investments, employment opportunities and uses in key areas such as tourism, culture, entrepreneurship, R&D and the environment.
Olympia Group and VNK Capital, through their joint venture Voxcove, participate in the share capital of the company with an equity stake of 10%.