LAMDA BOOSTS ITS FLAGSHIP ELLINIKON PROJECT WITH €230M GREEN BOND BACKED BY EBRD
Lamda owns the Ellinikon, the largest urban regeneration project in Greece and one of thelargest in Europe. Once complete, it will have turned the former airport site into a sustainableand fully integrated commercial, residential and hospitality area open to the public. The newbond will finance key elements such as green buildings and infrastructure, green energy forthe development and smart city technologies.The green bond is listed on the Athens Stock Exchange (ΑΤΗΕΧ) and aligned with theInternational Capital Market Association’sGreen Bond Principles. The issuance wassupported with a $20m investment from the European Bank for Reconstruction andDevelopment (EBRD) and its success signals that even amid recent global shocks, greenfinancial assets remain strong.Vlaho Kojakovic, EBRD head of property and tourism, said: “We are delighted to contributeto Lamda’s path towards a low-carbon trajectory and the realisation of an investment planfocused on sustainability and climate resilience, through a tailored capital markets tool. TheEllinikon is a flagship project for the sector’s transition to a high-specification, smart andsustainable building and infrastructure landscape, offering a versatile land-use mix and havingsignificant economic, societal and environmental implications for a much wider area.”Odisseas Athanasiou, CEO of Lamda Development, said: “Thistransaction further cements ourrelationship with the EBRD, which we consider a strong partner in our journey to make TheEllinikon a benchmark project for sustainability and smart living. The great reception of thisbond by our investors is testament to the trust and confidence in our commitment to provideall of society, in a responsible way, with the highest standards of living in an urbanenvironment.”Lamda will invest the proceeds in financing green-certified assets, achieving at leastLeadership in Energy and Environmental Design (LEED) ‘Gold’, orBREEAM“Very Good”certification.
About Lamda DevelopmentLamda
Development, listed on the main market of the Athens Exchange, is a holding companyspecializing in the development,investment and management of real estate. Thedevelopment projects of Lamda Development include three shopping and leisure centres (TheMall Athens and Golden Hall in Athens, and Mediterranean Cosmos in Thessaloniki), officesbuildings, residential complexes, and the Marinas in Flisvos and Ellinikon. LamdaDevelopment has undertaken the complete metropolitan regeneration of the area of theformer “Ellinikon” airport, which will be the largest private investment in Greece and thelargest urban regeneration project in Europe. The estimated amount of the investmentamounts to € 8 billion. The majority stake in the company is held by the Latsis Group.www.lamdadev.comMiddle East Media Enquiries should be directed to:Drishti Israni–Account Manager, AllDetailsMob:+971 52 568 7045Email:email@example.com
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