Costeas-Geitonas School inks deal with Prodea and Lamda to develop the first school premises in the Ellinikon
This partnership emerged in the context of a tender process carried out by LAMDA for the development of a school at The Ellinikon.
Lamda Development S.A., through its subsidiary ELLINIKON MAE. (“LAMDA”), PRODEA Investments (“PRODEA”) and Costeas-Geitonas School (“CGS”) announced the signing of a Memorandum of Understanding (MoU) for the establishment of a modern primary and secondary education organization at The Ellinikon (“CGS Ellinikon”).
This partnership emerged in the context of a tender process carried out by LAMDA for the development of a school at The Ellinikon. The Memorandum of Understanding provides for the long-term lease of a plot of land to PRODEA, which will develop and lease the school building to CGS.
The final binding agreement between the parties is expected to be finalized by the end of the year. CGS Ellinikon will be an educational and architectural landmark, capitalizing on the history, values and expertise of CGS, and enriching educational programmes by offering a choice between national and international certified curricula and Greek or English as instruction language.
The signing of the Memorandum of Understanding is proof that The Ellinikon attracts best-in-class enterprises, and is part of LAMDA Development’s strategy for creating a world-class urban ecosystem that provides high-quality education services.
At the same time, PRODEA, capitalizes on its experience and expertise in the real estate sector, and is implementing flagship investments through strategic cooperation with top organizations in their respective sector, which will have a long-term positive impact on the wider society they are part of. This is PRODEA’s first participation in the “new Ellinikon era.” CGS’ CEO Christos Geitonas stated that “the school of the future is becoming a reality, not only because its architectural design will be in complete harmony with its educational philosophy, but also because a school in the heart of The Ellinikon will create synergies on a cultural, athletic and social level that are unprecedented in Greece.”
PRODEA’s CEO Aristotelis Karytinos noted that “we are launching our presence in the great Ellinikon project with an emblematic and highly symbolic project: the development of a school of innovative design, reflecting PRODEA’s growth plan. This is an investment in knowledge and the future, led by sustainability, in the context of the overall strategy of PRODEA Investments.”
LAMDA Development’s CEO Odisseas Athanasiou stressed that “it is a great pleasure to welcome CGS Ellinikon to The Ellinikon. A school of the future that will be created in the city of the future.”
CGS Ellinikon is expected to welcome its first students in September 2026.
Established in 1973, CGS has a student population of 1,900 and 600 employees in its
67,000 m2 campus in Pallini, offering International Baccalaureate (IB) programmes for
pupils aged 3 to 18, in combination with Greece’s national curriculum. CGS is
distinguished for its educational innovation, openness, and extensive network of
international partnerships with prominent academic organizations.