Ahead of the turnover of shares of Hellinikon Project to Lamda Development on 25 June, the latter said it would initiate a series of online presentations detailing progress on the project.

The Hellenikon Project is the largest urban renovation plan in Europe, and will kick off with the first instalment of the investments, worth 300 million euros, by Lamda Development tot he Greek state. A letter of guarantee of 347 million euros will be presented to the state investment agency, HRADF, with the letter of guarantee of 347 million euros.

At the company’s board meeting last week, CEO Odisseas Athanasiou said the project took “a lot of patience and faith, but mostly passion and commitment to our target.”

The architectural plans for the project’s first phase of a housing skyscraper are complete and funding secured.

“We have top collaborators from Greece and abroad,” Mr Athanasiou said.

“We aim to become ambassadors of viable development in Greece through the creation of a ‘smart green city.’ We will try to remain constantly aware of sentiment in order to upgrade citizens’ quality of life and daily life.”

The company has described the project on the coast south of Athens as “a modern, green, digital city, a model of viable development, friendly to people and the environment, that will highlight Greece’s cultural heritage – a new place of entertainment, relaxation, walking and exercising, accessible to all.”

READ MORE: Hellinikon Project is set to make Greeks proud; and create 80,000 jobs

The works that are expected to begin shortly include the following, focusing around the Metropolitan Park, which covers a total of 2 million square metres.

The plan includes:

  • A large part of the Metropolitan park
  • Sports facilities
  • The coastal front
  • The largest mall in Attica, totalling 72,000 sqm (nearly 77,5002 sqf), or 20% larger than the Mall in the northern suburb of Maroussi. It will be built very near the Athens metro stop “Elliniko”, on Vouliagmenis Avenue.
  • Offices and a hotel near the mall, near Vouliagmenis Ave.
  • Galleria mall near the Agios Kosmas marina
  • Two hotels along the coast
  • Nearly 800 housing units (including single homes and apartments)
  • A skyscraper for housing near the Agios Kosmas marina

 

The project will open up 10,000 new jobs at its start and have created a total of 70,000 jobs at its end, in a wide range of economic activities and services.