The total volume of signed contracts for Phase I of the Hellinikon project reaches €1.77 billion. This represents revenue that Lamda Development has already secured through residential sales, land leases, and commercial agreements. Of the total amount, €1.60 billion has already flowed into the company’s coffers, while the remaining approximately €170 million will be paid gradually over the coming years. Meanwhile, management announced during yesterday’s analyst briefing that it plans to release new homes, which will complete the first phase of the investment.
According to Apostolos Zafolia, Chief Strategy & IR Officer of Lamda, approximately 560 homes in Little Athens have already been released to the market, of which 522 have been sold or reserved, corresponding to about 93% of total availability. By the end of the year, another 100-120 units are expected to be added, while from the first quarter of 2026, the gradual release of an additional 300-350 homes will begin, thus completing Phase I of the project. In total, nearly 840 units have already been sold or reserved, with unsold units limited to 350-400, while their prices hover around €8,600/sq.m., showing an upward trend.
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