Greece expects improved offer for Hellinikon

Lamda Development was the only bidder in a tender for Hellinikon but the Hellenic Republic Asset Development Fund has asked for a new improved offer (a technical offer has been accepted).

Under the submitted plan, Lamda Development plans to create a 2 million sq.m. entertainment park, high-level sport facilities, a new upgraded seafront, tourism infrastructures, creating a destination which is expected to attract an additional one million tourists in Athens according to ANA-MPA

The investment plan, worth 7.0 billion euros, will create around 15,000 job positions and a total of 50,000 direct and indirect job positions following completion of the project.

The Hellinikon site is more than three times the size of Monaco, two and more times the size of Hyde Park in London and almost two times the size of Central Park in New York.