The necessary demolitions and the other preparatory work on the plot of the old Athens airport at Elliniko will start at the end of March at the earliest, after the relevant amendment was passed in Parliament on Monday.
That period is required to attain the approval of the Central Archaeological Council and the Central Council for Modern Monuments.
Lamda Development raised 650 million euros via a rights issue to help finance part of a landmark project at Athens' former Elliniko airport, it said on Tuesday.
Lamda, controlled by the Latsis family, announced the cash call in October to help fund a 8-billion-euro plan to turn Elliniko into a complex of luxury homes, hotels, offices and a casino.
There are many encouraging examples from around the country. Producers who managed to break the vicious cycle of inertia.
Entrepreneurs who have invested in the quality of Greek products, who have succeeded in making the most of the unrivaled natural capital for domestic production, who are leading the way for an extroverted sector.