Lamda secures more cash to finance its work on the Elliniko project


Lamda secures more cash to finance its work on the Elliniko project

Lamda Development has received income of a total of 140 million euros from the sales of properties in its portfolio in order to finance the investment in the area of ​​the former Athens airport at Elliniko, the listed company announced on Wednesday.

The most recent move concerns the sale, for €36 million, of land totaling 2.7 square kilometers (1.4 sq.km. is non-buildable, comprising green/common areas, plots etc) in Serbia.

Of the €36 million, an amount of €6.8 million will be paid for the full repayment of the loan of the company that owns the area.

It was preceded last March by another sale in Serbia, of a plot of 469,000 square meters, at a price of €15.2 million.





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