Environmental Responsibility


For Lamda Development, environmental and social responsibility is a key aspect in every business and commercial venture, taking into account the importance of the rational use of all society’s resources – natural, human and economic. Our company focuses on the need to constantly improve and aims at creating projects to significantly upgrade urban well-being.

Shopping and Leisure Centers

Carefully planned, with modern architectural design and model support services, Golden Hall, The Mall Athens and Mediterranean Cosmos shopping centers aim to ensure that they all operate in an environmentally friendly way that promotes sustainable development.

More specifically, Building Management Systems (BMS) are in place in all shopping centers to control lighting and air conditioning, reduce energy waste and increase energy efficiency by means of energy metering devices, energy saving light bulbs, air recirculation systems, metered water management, etc.

Furthermore, modern waste management practices and processes are used, focusing on recycling, while also following strict sourcing procedures for all new equipment to be used in renovations, with a strong focus on ergonomic design and environmentally friendly materials.

Lastly, building energy behaviour is continuously monitored and evaluated, while remaining constantly on the lookout for new opportunities for further improvements offered by the latest technological developments in the energy sector.

Flisvos Marina

Flisvos Marina implements sustainable development-focused practices and procedures, for which it has earned a lot of accolades.

Flisvos Marina management has been awarded a ‘Blue Flag’ every year since 2007; on 6 August 2008 it was certified to ISO 9001:2000 for the quality of its services and to ISO 14001:2004 for its environmental policy by LRQU, while since April 2011 it is officially one of the award winning marinas of the British Marine Federation’s Gold Anchor Award Scheme to receive 5 Gold Anchors (and indeed the only Greek marina to have attained such distinction).

Key procedures in place as part of the implemented sustainable development policy include sewage collection (two units on dock A and one near the refuelling station), wastecollection and removal from the docks, used engine oil and oily-water collection tanks by authorized companies.

Also in place are a solid waste recycling programme, daily sea and land cleaning with the help of a boat and power sweepers, systematic sea quality control, as well as anti-pollution services and drills.

The Hellinikon Project

Sustainable development principles and the implementation of environmental certification standards in the works and facilities of the Hellinikon – Ag. Kosmas Metropolitan Pole are key criteria in the design of the project.

More specifically, the project involves a model urban development with a very low building coefficient (lower than 0.5), a building coverage ratio of less than 30% and land contribution.

This means that construction here will be much milder than is usual in the neighbouring municipalities and in Attica, while in tune with the highest global standards.

The main feature of the project design is the creation of a Metropolitan Park, covering a total area of 2,000,000 sq.m., one of the largest parks in the world, with free public access. The area will be characterised by vegetation that highlights the Mediterranean climate and flora of Attica.

The development and implementation of the Metropolitan Park is expected to deliver significant benefits, both environmentally (e.g. improvement of the area’s microclimate) and in social terms (opportunity for visitors, residents, employees, families to have a new life experience that includes sport, recreation and well-being, entertainment, culture, agro-tourism, walking routes, cycling lanes, etc. inside the park).

Furthermore, the enhancement and utilisation of the coastal front and the connection of the city to the sea is an important environmental and social goal of the Integrated Development Plan.

Lastly, respect to the environment in general, to the natural landscape, and to the land’s cultural heritage are all key prerequisites of the project. Some examples include promotion and protection of archaeological sites, preservation and renovation of historical buildings, utilization or retrofitting of Olympic facilities and proper rain water and subterranean water management.