
Reports: Successor agreement for IRC at Helleniko readied; GEK Terna, Hard Rock Int’l to assume project
Parliament must then ratify the agreement, which would open the way for long-awaited construction to begin
Parliament must then ratify the agreement, which would open the way for long-awaited construction to begin
Lamda Development on Monday announced that the first park at the massive coastal Helleniko site, billed as one of the biggest real estate projects in Europe, has been completed ahead of time
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.
The Helleniko site, today part of the “The Ellenikon” project, as its called by concessionaire Lamda Development, for decades hosted Athens' main commercial airport, military air bases and affiliated infrastructure.
A scale model of the 45-storey high-rise and real estate specifications was unveiled just three months ago.
The agreement punctuates a flurry of recent commercial interest for the site
Mr. Odysseas Athanasiou said the massive privatization is both very diverse and at the same time designed to meet the highest standards of environmental protection
Called "The Ellinikon", the wavy blue-and-white design symbolizes the water and sky above Attica prefecture, the greater Athens area, similar to the colors of the Greek flag.
Speaking in Parliament, Finance Minister Christos Staikouras referred to development of immense significance for the country