Only LAMDA Development interested for Elliniko

LAMDA Development S.A. announces that on 27/2/214 it submitted to HRADF a binding offer, in the second phase of the tender process for the acquisition of 100% of the share capital of " ELLINIKO S.A.»

The offer of LAMDA Development is supported by Global Investment Group, consisting of the company Al Maabar from Abu Dhabi, the Chinese Fosun Group and European funds.

As expected, there was only one bid submitted for the exploitation of the area in Elliniko.

Al Maabar is one of the largest mixed-use real estate companies in the Middle East and Northern Africa. It is a subsidiary of Mubadala Development, which is a sovereign fund of Abu Dhabi.

Fosun Group was established in 1992 and is based in Shanghai, it is one of the largest multinational groups of China and plays an important role in the development of the country.

LAMDA Development CEO Odysseas Athanasiou said: "It's a very important day for the company and Greece, as some of the largest investment funds in the world decided to invest in our country, actively showing their confidence in the prospect of the Greek economy. The total investment proposal, which is the largest private project ever made in Greece, if implemented, will surpass 7 billion euros and will have as direct consequences, among others, the creation of tens of thousands of direct jobs, the utilization of the Greek entrepreneurship production potential and the substantial environmental upgrade of Attica by creating a sustainable 2,000,000 sq.m. park, which will be an integral part of the investment."