Brief: Lamda Development To Sell Land Plots Within The Ellinikon For EUR 120.0 Million

Lamda Development SA

17/09/2024 10:54

Sept 17 (Reuters) - Lamda Development SA  LMDr.AT :
    * SIGNS PROPERTY SALE AGREEMENT FOR EUR 120.0 MILLION TO A
COMPANY
REPRESENTING THE INTERESTS OF THE FAMILY OF GEORGE PROKOPIOU
    * SALE REGARDS LAND PLOTS WITHIN THE ELLINIKON FOR THE
DEVELOPMENT
OF RESIDENTIAL AND OFFICE SPACE AS WELL AS AN INTERNATIONAL
CURRICULUM SCHOOL
    * THE TOTAL INVESTMENT BUDGET OF THE DEVELOPMENT IS EXPECTED
TO
REACH EUR 500 MILLION
    * THE GROUP IS EXPECTED TO RECOGNIZE AN ACCOUNTING PROFIT
BEFORE
TAXES OF C. EUR 82 MILLION


Further company coverage:  LMDr.AT 

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