One of the first new structures at the iconic Helleniko property development in coastal southeast Athens – a project now billed as “The Ellinikon” by the concessionaire – won’t be one of six high-rise towers, luxury residences or even a shopping mall, but rather a complex to host four organizations serving people with special needs.
Construction for the new building at the 620-hectare site will begin in the spring of 2022, with a conclusion date in the first half of 2023.
According to Lamda Development, the entire project’s concessionaire, the building will be designed with the latest technological developments and with infrastructure able to accommodate with people with all types of special needs.
Nevertheless, in pointing to the veritable “mountain” of “red-tape” still plaguing the overall project, Lamda Development said more than 10 studies – including one on sustainable impact, another on the change of direction of underground drainage lines and even on the height of the building – were required by Greek bureaucracy.
Additionally, another round of contacts, cooperation and inter-departmental communication was required by more than a half dozen ministries, state services and utilities, including the underground metro operator.
Latest News
Europeche: Greek Apricot Production Recovers
Europeche forecasts the production will bounce back despite a slight decrease in varieties attributed to high winter temperatures
Bank of Greece (BoG): Business-Household Deposits Up 1,675bln in March 2024
In March 2024, the monthly net flow of credit to the general government was negative by 469 million euros
FT: Greece’s Economic Rebound a Balance of Growth and Poverty
Eurostat data revealed a significant 10.8% drop in Greek public debt relative to GDP in 2023, alongside a 2% economic expansion, outpacing Germany's performance.
Lavrio Port Authority Next Up for Privatization
A deadline for the submission of expressions of interest is May 14, 2024
Eurostat: Greece Records Largest Drop in Natural Gas Prices in 2nd Half of 2023
The price of electricity and natural gas in Europe was down following a substantial surge that began before the Russian invasion of Ukraine and peaked in 2022
GEK TERNA Still Considers Leveraging Concessions Portfolio as Financial Tool
President and CEO of Gek Terna George Peristeris explained the company's plans on Tuesday on the sidelines of the inauguration of sections of Greece's E65 highway
NielsenIQ: 3% Supermarket Revenue Increase in Q1
Private label products are gaining traction, comprising 25.4% of shopping basket shares, up from 24.7%
Store Hours Change Today in Observation of Orthodox Easter
The President of the Athens Chamber of Commerce hopes the Easter period will provide a much-needed boost to retail traffic in the capital
Athens-area Mass Transit Systems Set to Finally Install Contact-less Fare Payment
Paying fares via bank cards, smartphones and smartwatches in all mass transit systems in the Greek capital, namely, buses, trolleys, the metro and tram lines, is scheduled by the end of the year
Council of State Rejects Motion Against Thessaloniki Motorway Project
The motion was filed earlier this month by three local citizens’ and environmental groups and generated a high court decision for a temporary stay in construction