The management of a unique Neoclassical Building in the center of Athens assigned to LAMDA Development

The impressive neoclassical listed building situated in the center of Athens will be transformed into a modern complex of stores and offices.

LAMDA Development, through its subsidiary DIMIOURGIA S.A. and EFG Eurobank Properties (of which LAMDA Development holds 29,9%) and in collaboration with J&P (HELLAS), AVAX S.A. made the highest bid in the tender for the restoration and management of the above mentioned building over the next 25 years. The total value of this investment is estimated at approximately 1.500.000.000 GRD (EURO 4.4 million). Ten companies took part in the tender.

The above project concerns a listed building on the corner of Stadiou 32 and Korai 2 Street. The building is situated on a 700 square meter property and includes basement, ground floor with internal skylight, three floors and a rooftop chamber giving a total area of 2.500 square meters.

Offices will be situated on the upper levels, while the ground floor and basement will be used for stores.
Originally the building was a hotel (Grand Hotel d’ Athenes) and included retail stores and a restaurant on the ground floor. The property belongs to the Hatzikiriakos family Girls Orphanage.

The design of its facade places it in the category of neoclassical style buildings while its main feature is the ground floor archway. The building is among the last large neoclassical buildings to be restored in the center of Athens.

In addition to this project, LAMDA Development, through its subsidiary DIMIOURGIA S.A., has already been assigned the technical management of the “Pallas Athina” building and the construction of office buildings in the Hilton area, as well as in a central location in the northern suburbs of Athens (Maroussi).At the same time, reconstruction work of another listed building, the former hotel CECIL (today the “Olympia” building) in Kifissia is currently being completed. Additionally, construction work on a new hospital burns unit in Elefsina is also underway. Among other projects, DIMIOURGIA S.A. manages the 17.000 square meters office building “Investissments Immobilier Kirchberg” in Luxembourg, and specific floors in buildings situated in Athens Syntagma Square, as well as a large store in Patriarchou Ioakim Street in the Kolonaki district of Athens.