Lamda: Revenues of 1.18 billion from sales at The Ellinikon

Lamda Development’s total currency receipts from spot income successful The Ellinikon (until 15.05.2025) amounted to 1.18 billion, with the company, however, reporting a alteration successful gross and profits successful the archetypal quarter.

The currency balances attributable to The Ellinikon amounted to 290 cardinal connected 31.03.2025 (compared to 292 cardinal connected 31.12.2024), while for different period, slope loans for the large improvement astatine the erstwhile airdrome were not disbursed contempt the beingness of an approved recognition enactment from the lending banks of 232 cardinal euros.

Specifically, successful the archetypal quarter, Lamda (Group) income amounted to 105.8 cardinal from 141.7 cardinal successful the corresponding 4th past year, consolidated operating results (EBITDA) to 17.4 from 40.2 million, while the last effect is simply a nonaccomplishment (before taxes 10.9 cardinal from profits of 7 cardinal and aft taxes losses of 10.6 cardinal from 0.7 million).

Apartment sales

As emphasized by the company’s management, flat income successful the Little Athens vicinity are progressing and by mid-May, 559 apartments were available for sale, and of these, involvement has already been expressed for 472 apartments oregon 84%. Furthermore, income from residential developments successful the archetypal 4th of 2025 amounted to 66 million, an summation of 116% compared to the corresponding play successful 2024.

Capital expenditures (CAPEX) successful The Ellinikon for buildings and infrastructure projects reached 81 million, with the total magnitude astatine 644 cardinal euros since the start of the project.

Regarding the advancement of the projects, arsenic noted, among different things, the archetypal sports fields are expected to beryllium delivered to athletes within the 2nd quarter.

In the meantime, Heads of Terms (HoT) person been agreed with tenants for 63% of the Gross Lettable Area (GLA) astatine The Ellinikon Mall and 77% of the GLA astatine Riviera Galleria.

In February, a slope indebtedness of 185 cardinal (including 39 cardinal for VAT financing) was signed to concern the operation and cognition of Riviera Galleria. Concreting works are underway successful each buildings of the Riviera Galleria analyzable and excavations person been completed astatine The Ellinikon Mall with the remaining operation being successful the last stage of tendering.

The gross plus value (GAV) of the Lamda Malls radical connected 31.03.2025 amounted to 1.5 billion, with the value of the 4 buying centers successful cognition astatine 1.2 cardinal euros.

The 4 buying centers successful cognition recorded Retail EBITDA of 22.7 cardinal successful the archetypal 4th from 22.5 cardinal chiefly owed to the summation successful basal rents (5% summation compared to the corresponding play successful 2024).