Brief: Lamda Development Signs Long-Term Land Lease Agreement With Costeas-Geitonas School For The Development And Operation Of An Education Institution In The Ellinikon

Lamda Development SA

16/05/2024 08:06

May 16 (Reuters) - Lamda Development SA  LMDr.AT :
    * SIGNS LONG-TERM LAND LEASE AGREEMENT WITH COSTEAS-GEITONAS
SCHOOL FOR THE DEVELOPMENT AND OPERATION OF AN EDUCATION
INSTITUTION IN THE ELLINIKON
    * THE AGREEMENT IS FOR AN INITIAL TERM OF 30 YEARS WITH THE
OPTION
TO EXTEND FOR AN ADDITIONAL 30 YEARS
    * THE RENT FOR THE LONG-TERM LEASE WILL BE DETERMINED
ANNUALLY
BASED ON THE TURNOVER ACHIEVED IN EACH CALENDAR YEAR
    * THE OPENING OF CGS AT THE ELLINIKON IS EXPECTED IN SEPT
2027


Further company coverage:  LMDr.AT 

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