Greece
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Lamda Development

Athens Area Poised to Get First Skyscrapers at Hellinikon

After breaking ground Friday, signaling the beginning of work for the Hellinikon Project - the largest development and investment project in Greek history - the construction of the very first skyscrapers in Athens is set to begin. The project, on the...

American Gaming Giants Battle for Athens Casino Rights

American gaming giants Mohegan and Hard Rock International will battle for the rights to build a casino on the site of the former Athens airport at Ellinikon, as part of an enormous resort on Attica's coast. Mohegan has proposed a...

The Hellinikon Project: Greece's Modern Tale of Agony and Ambition

The Hellinikon project has become synonymous with everything that Greece desires to achieve; however, at the same time, it perfectly highlights modern Greece's deep-rooted problems which prevent the country from beginning a new chapter in its long history. One of...

Greek Government Vows to Speed Up Hellinikon Project

Prime Minister Kyriakos Mitsotakis held a meeting concerning the development of the former Hellinikon airport on Thursday with representatives of Lamda Development, the firm in charge of the stalled project. The aim of the government, according to Development Minister Adonis...

Greece's Highest Court Lifts Obstacles to Hellinikon Development

Greece's highest administrative court, the Council of State, on Tuesday issued a series of rulings which remove obstacles to the multi-million-euro development of the former Athens airport plot at Hellinikon. The development at Hellinikon, regarded as the largest urban regeneration...

Eldorado Gold Chief Says Elections a Catalyst for Investment in Greece

Eldorado Gold President and CEO George Burns said this week that the upcoming general elections in Greece will be the catalyst for the mining company's investment in the country. The statement was made during a teleconference with analysts in regard...

Lamda Development: Political Will Needed for Hellinikon Investment

Lamda Development CEO, Odysseas Athanassiou, said Thursday that the Greek government should demonstrate a political will for the huge investment at the former Hellinikon airport site, to proceed. In an interview with Action 24, Athanassiou stressed the company's readiness to...

Bloomberg: Greece Puts 11 Billion Euro Investments at Risk

Two of Greece’s biggest projects -- together valued at about 11 billion euros -- have stalled on bureaucratic and legal wranglings, raising questions about the country’s ability to draw investments, says a report in Bloomberg. The report focuses on two...

Lamda Development Sees New Obstacles in Hellenikon Investment

Greek property developer Lamda said on Friday that new obstacles had appeared in its plans to develop the vacant Hellenikon airport site; one of the largest projects on the country's privatization agenda. Lamda Development is referring to the Culture ministry declaring a...

280 Acres of Greece's Hellinikon Ruled Archaeological Site

Greece’s Central Archaeological Council (KAS) has ruled that a large part of Hellinikon airport area is a site of archaeological interest, and therefore it cannot be developed. During a lengthy meeting of KAS, members voted overwhelmingly by 15 votes to...