LAMDA Development: International Dinstinction - Entry to the global stock market index EPRA / NAREIT Global Real Estate Index
Wednesday, 9 June, 2004
PRESS RELEASE
International distinction for LAMDA Development: Entry to the global stock market index EPRA / NAREIT Global Real Estate Index
On July 1 2004, LAMDA Development enters the EPRA / NAREIT Global Real Estate Index, having successfully met all the high standards for entry to the index, which operates under specific rules and strict prerequisites. The entry criteria are defined by the tradability of a companys shares, its financial and stock market performance, its compliance with international regulations for corporate governance and its relevant activities in the real estate sector. As a company listed in the index, LAMDA Developments stock performance will be reflected in the index on a daily basis.
The entry of LAMDA Development to the EPRA / NAREIT Global Real Estate Index represents a significant achievement for the companys Financial Department.
The Financial Director of LAMDA Development, Mr. Alexandros Kokkidis, said: Our entry to the EPRA / NAREIT Global Real Estate Index opens up new avenues for our company and further strengthens LAMDA Developments presence in the global investment community, offering important opportunities and increased potential. We have worked hard over the past year to achieve this goal, which is the result of the continuous and systematic effort we apply to offer added value to our shareholders. Consequently, we are continuing to work diligently in order to introduce new standards into the Greek market, based on the strict international standards of global and European associations. LAMDA Developments entry to the index is part of the companys response to the demands of international investment institutions.
The EPRA / NAREIT Global Real Estate Index is a joint collaboration of two associations: the European Public Real Estate Association (EPRA) and the National Association of Real Estate Investment Trusts (NAREIT). It is considered to be a benchmark index for the entire investment institution community and incorporates company shares at both European and global levels. It is comprised of shares from 244 listed companies based in North America, Europe and Asia, while the indexs European section comprises shares from 76 real estate development and investment companies listed in European stock markets. Companies included in the index are usually those with significant and dynamic economic and stock exchange presence. Furthermore, the global index allows the global investment community to monitor the course of the real estate sector, as well as the financial activities of companies active in this particular field. In addition, the inclusion of LAMDA Development in the index provides international investors with greater opportunities to learn about the company and also inspires confidence for investment.
The European Public Real Estate Association (EPRA) is a not-for-profit association. Its members include listed companies with significant capitalization in Europes stock markets, which are active in the real estate market. EPRAs members comprise the largest European companies in the real estate development, investment and banking sectors, as well as a number of distinguished University faculties.
The National Association of Real Estate Investment Trusts (NAREIT) is an association of real estate investment companies based in the U.S.A. Its membership is comprised of investment groups and businesses that are active in the real estate sector, as well as distinguished executives who offer consultancy services and also conduct research and work in the specific field.
Note to Editors:
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, Sonae Imobiliaria) 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.
The LAMDA Development group of companies offers its clients integrated business solutions and high quality services and products at competitive prices. Its focus on complementary infrastructure sectors extends to real estate, marinas and yacht maintenance and refurbishment as well as airport services. At the forefront of exploiting numerous opportunities arising from regional developments, such as industry deregulation, The Athens 2004 Olympic Games, industry deregulation, Greeces entry into the Euro Zone with the adoption of the Euro, and the preparation for the Athens 2004 Olympic Games, the LAMDA Development group of companies is leveraging its presence in Greece and neighbouring countries to play a leading role in the modernization and development of Southeastern Europe.
Note to Editors:
For further information, please contact CIVITAS,
Pandora Lycouri, 210 6835403, 6946 502944, [email protected]
Nektaria Metrakou, 210 6835404,, 6942 494617, [email protected]