Brief: Lamda Development Signs Agreements For The Sale Of Residential Land Plots In The Ellinikon For A Total Of EUR 106.0 Million

Lamda Development SA

25/07/2024 16:03

July 25 (Reuters) - Lamda Development SA  LMDr.AT :
    * SIGNS AGREEMENTS FOR THE SALE OF FIVE DISTINCT RESIDENTIAL
LAND
PLOTS IN THE ELLINIKON FOR A TOTAL OF EUR 106.0 MILLION
    * LAMDA DEVELOPMENT SAYS IT EXPECTS TO RECOGNIZE UPON
COMPLETION
OF SAID TRANSACTIONS AN ACCOUNTING PROFIT BEFORE TAXES OF C. EUR
76.0 MILLION
    * LAMDA DEVELOPMENT SAYS THE BUYERS ARE INTERNATIONAL
COMPANIES
BROOK LANE CAPITAL AND TENBRINKE AS WELL AS THE GREEK COMPANIES
HELLENIC ERGON AND DAEDALUS DEVELOPMENT
    * LAMDA DEVELOPMENT SAYS THE TOTAL INVESTMENT FOR THESE
DEVELOPMENTS IS ESTIMATED TO REACH AT LEAST EUR 300.0 MILLION


Further company coverage:  LMDr.AT 

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