Sale of offices on Othonos str

LAMDA Development announces that through its subsidiary Lamda Estate Development, proceeded, on 12/5/2011 to the sale of 1.314 sq. m on Othonos str, Athens for a total consideration of € 6.572.890. The passing yield of the investment is 7.75% annually.

The purchaser company is Eurobank Properties REIC.

The above-mentioned sale lies within the general frame of the Company’s strategy.