Lamda Development says revenue from property sales in Ellinikon to exceed 500 million euros in 2023

Lamda Development says revenue from property sales in Ellinikon to exceed 500 million euros in 2023

Business

Demand for housing and commercial property in the Ellinikon project has exceeded initial expectations, the CEO of Lamda Development told analysts during the presentation of the company's results, adding that revenue from this activity will be more than 500 million euros in 2023. Cereport reports citing Athens-Macedonian

In 2022, Lamda Development's investment portfolio value exceeded 3.0 billion euros, while revenue from house and commercial property exceeded 220 million euros. Athanasiou said that this year Lamda Development will launch the signing of purchase contracts for condos on the beachfront.

More details at the link

Related articles

Greece’s Economy: GDP Growth and Inflation Projections for 2024-2027
Greece’s GDP is projected to grow by 2.3% in 2024, accelerate to 2.5% in 2025, and then gradually decrease to 2.3% in 2026 and 2.0% in 2027, according to the Bank of Greece (BoG).
Moldova to Prioritize Domestic Renewable Energy Consumption Starting 2025
Starting January 1, 2025, Moldova will implement a mechanism allowing Energocom to prioritize purchasing renewable energy on the market to address domestic deficits.
Greece Records Second Lowest Food Inflation in EU for November
Greece reported the second lowest food inflation rate among the 27 EU member states in November, signaling a significant easing of supermarket cost pressures on households.
Moldova Increases Electricity Imports from Romania Amid Power Plant Limitations
Moldova’s electricity imports from Romania have surged in December 2024, as the Moldovan thermoelectric power plant (MGRES) operates with only two power blocks.
Government Proceeds with Reforms to Support Pensioners and Vulnerable Citizens
The Greek government is advancing a series of reforms aimed at boosting incomes for low-income pensioners and supporting vulnerable citizens, National Economy and Finance Minister Kostis Hatzidakis announced in Parliament on Thursday.
EU Renewable Energy Consumption Rises in 2023 but Remains Below 2030 Target
Renewable energy sources (RES) accounted for 24.5% of electricity consumption in the European Union in 2023, a 1.4% increase compared to 2022, according to Eurostat. Bulgaria saw a notable rise, with 22.58% of its electricity coming from RES, up 3.56% year-on-year, ranking it 14th among EU nations.
Croatia's GDP per capita, expressed in PPP, reaches 76% of EU average
According to the report from the Croatian Bureau of Statistics (DZS), Croatia's Gross Domestic Product (GDP) per capita, expressed in Purchasing Power Parity (PPP), reached 76% of the EU-27 average in 2023, and the same level was achieved by actual individual consumption (AIC) per capita.
Greece’s Economy Surges Amid Tourism Boom and Restored Market Confidence
Germany’s FAZ reports that Greece’s economy is performing exceptionally well, driven not only by a booming tourism sector but also by restored market confidence. International rating agencies now consider Greece an investment destination, with global giants like Microsoft, Google, and Pfizer establishing operations, alongside German firms such as Fraport, RWE, and Boehringer Ingelheim.
Romania's E-commerce Sector Reaches 3.4% of GDP in 2024
The value of e-commerce in Romania has reached 3.4% of the country’s GDP in 2024, amounting to €11.7 billion, according to a report by the Romanian Association of Online Stores (ARMO) citing estimates from the European E-commerce 2024 report.