Date: 11th January 2020
Lambadarios finance and capital markets team supports the EBRD on its participation in the EUR 650 mn increase of share capital of Lamda Development. Our team headed by partner Prokopis Dimitriadis, partner Yannis Kourniotis and managing partner Constantinos Lambadarios advised on the transaction.
Congratulations to the EBRD team for taking this important step in supporting the flagship Hellinikon Project in Greece.
In support of the biggest urban regeneration project in Greece, the EBRD is investing €22.7 million in the €650 million share capital increase of Lamda Development, the private sponsor of Hellinikon.
Named after the area where it is situated, and literally translates to “the Greek”, the Hellinikon project is aiming to regenerate the former Athens airport area into a sustainable and fully integrated commercial, residential and tourist infrastructure, spanning a total area of 6.2 million m2. The project’s total investment cost is estimated at €8 billion over the next 25 years.
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