Environmental Responsibility

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LAMDA Development has set environmental and social responsibility as a main component in its business and commercial operations, bearing always in mind to make fair use of all resources.


With a well-planned layout, modern architectural design and model ancillary services, our shopping and leisure centers are aimed to ensure they are run in an environmentally-friendly way, in the context of sustainable development and responsible entrepreneurship. In detail, our centers feature Building Management Systems that ensure monitoring of energy consumption, proper time-scheduled lighting and air-conditioning, improving thus energy consumption and achieving maximum energy efficiency.


Moreover, state-of-the-art practices and procedures on waste management are being implemented emphasizing on recycling (separation of five flows – material classes – recycling). Equally, all used oils and fats, coming from health-regulated establishments, are collected by authorized third-parties and so we avoid them being disposed of through local sewerage system. In such establishments, strict standards apply with respect to installing filter arrays in A/C systems, in order to keep air contamination at a minimum.


Air quality in underground parking areas of shopping centers is continuously monitored by means of specialized automations so that air is steadily kept within permissible limits.
At the same time, all operations in the Flisvos Marina are certified by ISO 9001:2008 and ISO 14001:2004, which refer to a comprehensive solid and liquid waste management system, systematic sea water quality control and training activities on port environmental issues for crews, pupils and students from all educational levels, earning thus major distinctions for the Marina, such as a Blue Flag and the 5 Golden Anchors award from respective European programs. It is also certified by the EFQM on its Commitment to Business Excellence.


Last, the Metropolitan Pole of Hellinikon-Agios Kosmas Development Project, predominantly identified by the creation of a Metropolitan Park of a total of 2,000,000 sq.m., will be characterized by implementation of an eco-friendly design based on the principles of sustainability. Moreover, an important environmental and social objective of the Integrated Development Plan will be to upgrade, unify and utilize the coastal front and link the sea and the city.


The Hellinikon project is a “smart city”, urban regeneration model design that incorporates most sophisticated technologies.

The Hellinikon development will bear a really low building coefficient of less than 0.5 and is set to create a new living experience that combines leisure, wellness, civilization and protection of natural surroundings, the climate and local cultural heritage.

Additionally and with respect to critically important management of project waste, the following provisions have been taken:
• Separation at source of waste flows (collection in 6 purpose-specific bins)
• Minimization of waste volumes disposed of in landfills during project construction and operation
• Reuse, recycling and recovery of construction waste, reducing thus the part that ends in landfills, and best use of demolition materials and methods