Lamda signs agreement with TEMES on luxury Elliniko hotels

Lamda Development on Monday announced the signing of two strategic cooperation agreements with TEMES SA for the joint development of two state-of-the-art, luxury 5-star hotels and the corresponding branded residences on the coastal front of Elliniko, in southern Athens, with a construction completion horizon of these developments at the end of 2026. 

More specifically, the agreement is between Belt Riviera SA and Hellinikon SMSA (the company's 100% subsidiary) and concerns the purchase by the former of 100% of the freehold rights of a property with an area of 80,011 square meters in development zone "CF-D2" of the Metropolitan Pole Elliniko-Agios Kosmas. 

Here, according to the initial plan, the following will be developed: a five-star hotel with 160 keys, large outdoor spaces and high-end dining and entertainment outlets by the sea, a luxury beach club, a health club...