50% of holiday homes sold at LAMDA Development's holiday residential complex in Xylokastro Corinth

Wednesday, 3 November 2004


50% of holiday homes sold at LAMDA Development’s holiday residential complex in Xylokastro Corinth

50% of LAMDA Development’s apartments at the company’s holiday residential complex at Xylokastro, Corinth have already been sold. LAMDA Development has developed luxury apartments with competitive advantages for purchasers of holiday homes. The first residents have already reaped the benefits of these holiday homes since the summer of 2004. More specifically, the apartments offer:

Aesthetic and Functional Excellence

The well-organised and modern housing complex, with a unique view of the Gulf of Corinth, has been developed on a beachside site covering 10,000 square metres. The Xylocastro complex is located next to a 15,000 square metre area with a public park and children’s play area and is also located only 150 metres away from the town’s beautiful marina. The homes are built in strict compliance with anti-seismic specifications and offer large landscaped areas, an outdoor swimming pool, ample parking space, independent heating and wonderful sea views.

Winter and Summer Excursions

Located only one hour from Athens (120 km), the apartment complex can be enjoyed all year round, offering relaxation and entertainment options for the entire family. Its advantageous location makes it the ideal base for excursions to a variety of destinations, such as Kalavryta, Loutraki, Nafplio, Epidavros and Mykenes.

Affordable Prices

The apartments are ready for delivery and are being sold at affordable prices with easy financing options, including a €23,000 down-payment with monthly payments of €350 (with α pre-approved loan).

Property Management Services

Specialised property management and security services are offered to residents of the Xylokastro holiday residential complex including cleaning, daily care and maintenance of the building in order to ensure exemplary operation of all the facilities.

LAMDA Development

LAMDA Development S.A., listed on the main market of the Athens Stock Exchange, is a holding company investing in the development of land, sea and air infrastructure. Combining a strong entrepreneurial drive, specialist international expertise, expert management, powerful strategic allies (Deutsche Bank, EFG Bank Group, Hochtief, Bilfinger Berger, Strabag, Swissport International) and with the business credibility and financial strength of the Latsis Group, LAMDA Development shapes and connects the business areas it is active in, creating growth, reaping synergies and providing value to both its clients and shareholders.

Today, LAMDA Development is responding successfully to new challenges. At the forefront of exploiting numerous opportunities arising from regional developments, such as industry deregulation, the expanding Eurozone and the impact of the ATHENS 2004 Olympic Games, LAMDA Development is leveraging its presence in Greece and neighbouring countries to play a leading role in the modernization and development of Southeastern Europe.

In the real estate sector, LAMDA Development has invested in a large portfolio of projects under development in Greece and Europe. Some of its major investments are: the Maroussi project – involving the redevelopment of an area of approximately 210,000 sq.m. and includes the largest commercial and leisure centre in Greece with an area of more than 60,000 sq.m. of GLA and 90,000 sq.m. underground areas, a residential complex (the Maroussi Media Village for the ATHENS 2004 Olympic Games) and office buildings – the Mediterranean Cosmos shopping and leisure centre in Thessaloniki, a residential complex in Bucharest, the VIP Flisvos Marina (Olympic VIP Marina of Athens) and numerous office buildings and residential complexes in key-locations of Athens.

For more information, please contact CIVITAS:

Nectaria Metrakou: +30 210 6835404; [email protected]
Elpida Tachmitzaki: +30 210 6852400; [email protected]