The signing of a long-term lease agreement, with an initial duration of 30 years with the possibility of extension for an additional 30 years, between the indirect 100% subsidiary HELLENIKO MAE and the company EKPEDEFTIRIA KOSTEA – GEITONA SA (Costeas-Geitonas School “CGS”), according to which CGS will undertake the development and operation of a modern educational institution of primary and secondary education (“CGS at The Ellinikon”) in the Urban Development Area A-P4 within the Metropolitan Pole of Hellinikon – Agios Kosmas, announced LAMDA Development.

CGS at The Ellinikon, as stated in the announcement, will be a modern model school that will offer a National and Internationally Certified Curriculum, while leveraging the history, values, know-how and pioneering educational philosophy of CGS. CGS at the Ellinikon will be a landmark of educational and architectural innovation on the domestic and European map. Its state-of-the-art facilities will be in harmony with the new city principles of The Ellinikon, the smartest and greenest city in Europe.

The rent of the long-term lease will be determined annually based on the Turnover achieved in each calendar year. CGS at The Ellinikon is expected to open in September 2027.

CGS, founded in 1973, currently hosts 1,975 students and over 600 employees on a 67,000 sq.m. campus. in Pallini, offering the programs of the International Baccalaureate (IB) Organization for students from 3 to 18 years old in combination with the National Curriculum. CGS stands out for educational innovation, extroversion and a wide network of international collaborations with distinguished academic bodies.