As TAIPED points out, the development of the Hellinikon property, which covers an area of 6,200,000 sq.m., is an emblematic project that will significantly strengthen the prospects of the Greek economy
Today, Friday, Lamda Development paid the second installment to TAIPED for Elliniko. The payment of the 2nd installment of the estimated price, amounting to 166.65 million euros, was made by the company Hellinikon Global I SA (subsidiary of Lamda Development) within the framework of the contractual documents for the acquisition of 100% of the share capital of “Hellenic A .E.”
As the Fund announced, it has been paid plus 51% of the total price, which amounts to to 915 million euros.
It was preceded on June 25, 2021 by the financial closing of the transaction for the utilization of the area of the former Hellinikon airport between TAIPED and HELLINIKON GLOBAL I SA, marking the start of largest urban regeneration in Europe. During the financial closing of the transaction, TAIPED collected the amount of 300 million euros as a first installment from the total price of 915 million euros.
As TAIPED points out, the utilization of the Hellinikon property, which extends over an area of 6,200,000 sq.m., is an emblematic project that will significantly strengthen the prospects of the Greek economy. It is an investment that will place Greece on the global investment and tourism map, incorporating the most modern technologies and principles of urban planning and architecture.
Source: Skai
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