Lamda Development

Future appears bright for Lamda Development

New investors have purchased a stake in Lamda Development, the construction firm which heads the consortium planning to implement the Elliniko project. The development of the old Athens airport plot is now closer to getting the green light, with the signing of the necessary presidential degree due to take place on Friday.

Lamda says 'unexpected changes' to Elliniko deal undermine investment

Greece's Lamda Development, which is leading a consortium of foreign investors that have signed a deal to turn Athens's former airport complex into one of Europe's biggest seaside resorts, said that "unexpected changes in the contractual agreed terms" are jeopardizing the project.

Elliniko still not out of the woods

The 37,000 square meters characterized as "forest" by the Piraeus Forestry Authority may turn out to be the Achilles' heel of the 8-billion-euro investment in the development of the old Athens airport plot at Elliniko, according to the chairman of contractor Lamda Development, Anastasios Giannitsis.