LAMDA Development S.A. announces that HRADF, following the recommendation of its technical advisors, considered that the technical offer of the Company for the development of Hellinikon project, is in principle compatible with the existing legal framework and the requirements of the tender and at this stage is accepted.

The opening of the Company’s financial offer will take place shortly.

The project includes the creation of a 2 mil. Sqm metropolitan park – which will be one of the biggest parks worldwide, world class sport centers, upgraded seafront, all open to public, as well as tourism facilities, thus creating a destination that is expected to attract an additional 1,000,000 tourists in Athens.

LAMDA Development S.A., listed on the main market of the Athens Exchange, is a holding company specializing in the development, investment and management of real estate in Greece and South-Eastern Europe

The company is the leader in the Retail Real Estate sector in Greece with successful diversification in the office and residential sectors in Greece as well as in countries of the South – Eastern Europe.

The company’s development portfolio includes: three commercial and leisure centers, The Mall Athens and Golden Hall in Athens and Mediterranean Cosmos in Thessaloniki (total GLA 147.000 m2), innovative residential complexes, office buildings and Flisvos Marina in Faliro.

The company has a top reputation as member of the Latsis Group and maintains strategic alliances with international and local players.