Lamda Development establishes property and facility management firm
Lamda Development establishes property and facility management firm
  Listed  |  Economy

Lamda Development establishes property and facility management firm

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RE+D magazine
21.01.2026

Lamda Development establishes new company focused on property management services.

“Lamda Smart Living” will provide services to developers, property owners, tenants, and users of residential, commercial, and professional real estate, as well as to consumers, with a focus on daily living support, lifestyle management, and smart city solutions. 

The new company will offer services in the management and administration of residential properties, housing complexes, and organized communities; facility management for the development, operation, and commercial use of sports facilities, installations, and related infrastructure; lifestyle services, convenience, and daily support for residents, tenants, and consumers; operational and financial management of leased properties; development and provision of digital services and smart city solutions; and management of parking spaces. 

The company has a share capital of €24 million and will be led by Dimitris Karastogiannis, the current Chief Business Development Officer of Lamda Development.