(Visited 47 times, 1 visits today)
(Visited 47 times, 1 visits today)
  • Transaction / Assets
  • Seller
  • Buyer
  • € MM

Lamda agreed with NBG to purchase the two plots next to The Mall

The plot is a total area of 25 acres to be sold for just over 11 m euros. The sale will be completed after a Presidential Decree has been issued and approved by the Council of State, which will resolve the legalization issues of The Mall Athens Shopping Center.

The two plots are 16.5 and 8.5 acres. The second is in the adjacent stream accession area, so it is of very little value.

The Council of State decided in 2014 that the conditions required under Article 24 of the Constitution for the determination of the building coefficient given to The Mall Athens shopping center were not met. Following the signing of the agreement with NBG, Lamda Olympia Village, a subsidiary of Lamda owned by The Mall Athens, will submit a new plan to the environment ministry. A draft Presidential Decree will follow, which will be submitted to the Council of State for approval.

(Visited 47 times, 1 visits today)

Read more:
Court puts Ektasis Development into administration

Property development company Ektasis Development has been put into administration by an Athens court. Ektasis used to control a portfolio...