Ellinikon a new district to be born in Athens

Could you tell us about the genesis of this project? What were the objectives when the project was officially signed in 2014?

The Ellinikon has always been a high-profile project for Greece. Talks of the old Airport redevelopment has been ongoing since it closed in 2001. Lamda Development was declared preferred investor in 2014, following an international tender performed by the Greek privatization agency HRADF, within the frame of which it submitted an extensive masterplan with a focus on creating a unique 21^st century “city within a city”. We are working full speed towards the completion of our vision.

The project objectives remained stable since the beginning and guide our every decision. The Ellinikon combines in the best possible way our country’s past, present, and future.

The Ellinikon will be a sustainable city with new architectural landmarks like the Riviera Tower, Riviera Galleria, open spaces for all such as The Ellinikon Park and the upgraded coastal front, with references to our history, but also looking to the future incorporating state-of-the-art technologies in all areas. It will be a place where, within a 15-minute walk or cycle, you can work, live and enjoy quality time. We call it the "art of living" and as you can understand there are many reasons for that. In The Ellinikon we are creating a unique model city that will be a benchmark for urban regeneration, forming a world class destination reshaping the face of Athens and drawing an international interest. 

Who are the stakeholders? How do you work with Athens’ government?

The total investment budget for The Ellinikon amounts to €8 billion over a 20-year period, of which €915 million will be paid in instalments to the Greek state for the acquisition of the land. LAMDA Development has already paid the first instalment of...