EFG Eurobank Properties and Dimiourgia S.A. purchase major property in Maroussi from Interamerican

Second significant move by LAMDA Development within a month

EFG Eurobank Properties and Dimiourgia S.A. purchase major properties in Maroussi from insurance company Interamerican.

The property includes office buildings on Kifissias Avenue and an entire 4,000 square meter piece of real estate in the Agios Konstantinos district of Maroussi. The office buildings will be managed by EFG Eurobank Properties, whereas Dimiourgia S.A. will undertake the development and management of the land in Agios Konstantinos.Dimiourgia S.A. is set to develop the land into a modern office building complex which will total 4,000 square meters and include extensive parking spaces. The total investment is estimated to be 3 billion GRD (EURO 8.8 million).
The property extends to the entire block between Grammou Street and 49 Agiou Konstantinou Street.

EFG Eurobank Properties, successfully continuing its wide investment program, will manage the 18,200 square meter office buildings on the junction of Kifisias avenue and Agiou Konstantinou Street. At the same time, EFG Eurobank Properties has also acquired a total of 3.000 square meters of real estate in Vouliagmenis Avenue and Kallirois Street from Interamerican.

These latest moves are part of LAMDA Development’ s long-term strategy to expand its activities ahead of the 2004 Olympic games, with the ultimate goal to establish itself as one of the largest real estate development companies in Greece.

It is worth noting that this is the second major investment by LAMDA Development within a month, following the company’s successful tender bid for the restoration and management of a large listed neoclassical building in Korai Street in the center of Athens.