Lamda Development S.A. and TEMES S.A. announced the signing of their strategic agreement for the joint development of two state of the art, luxury hotels and residential complexes on the costal front of the landmark Hellinikon project, during the first five year phase of the project. The partnership will bring to life a commonly shared vision to further establish Athens as a top world-class tourism destination and place the Athens Riviera on the world tourism map.
Cheap real estate was expected due to the crisis brought by the pandemic but the measures of the governments saved the day. E-auctions to brgin in September.
Lamda Development is issuing a seven-year corporate bond on Wednesday to help finance its mega-project at Elliniko, with the interest expected to range between 3.4% and 3.8%.