LAMDA DEVELOPMENT SUBMITS BINDING OFFER FOR HELLINIKO
LAMDA DEVELOPMENT SUBMITS BINDING OFFER FOR HELLINIKO.
SUPPORTED BY GLOBAL INVESTMENT GROUP
LAMDA Development S.A. announces that on 27/2/2014 it submitted to HRADF a binding offer for the second phase of the tender process for the acquisition of 100% of the share capital of HELLINIKO S.A..
The binding offer is submitted with the support of Global Investment Group, which consists of Abu Dhabi based Al Maabar, the Chinese conglomerate Fosun Group and European investors.
Al Maabar is a leading mixed use real estate developer in the Middle East and North African region (MENA). It is a subsidiary company of Mubadala Development, a sovereign fund of Abu Dhabi.
Fosun Group, established in 1992, is a large scale multinational group based in Shanghai, China. It places importance on Chinas growth momentum. It is mainly engaged in insurance, industrial operations, investment and asset management.
The CEO of LAMDA Development, Odysseas Athanasiou stated the following:
It is a very important day for the Company as well as for the country, as some of the most prominent international investment funds are investing in Greece, actively proving their confidence in the prospects of the Greek economy. The total investment masterplan, the largest private project ever made in Greece, once implemented, exceeds 7billion and will result to the creation of tens of thousands of direct job opportunities, the utilization of Greek entrepreneurship as well as the substantial environmental upgrading of Attica, by creating a sustainable park of 2,000,000 sq. m, which forms an integral part of the investment.
Following the completion of the investment, Greece will become a world-class destination for leisure, residence, culture and sports, with innovative and high quality services, open to all Greeks and friendly to all our foreign visitors. "
