LAMDA Development management team strengthened
Thursday, 7 October 2004
PRESS RELEASE
LAMDA Development Management Team Strengthened George Papageorgiou appointed General Manager Real Estate
As part of its corporate restructuring, the management of LAMDA Development has appointed Mr. George Papageorgiou as LAMDA Developments General Manager Real Estate. In this position, Mr. Papageorgiou is responsible for the management and coordination of the companys entire portfolio of real estate investments for the LAMDA Development group of companies.
Mr. Papageorgiou graduated as a civil engineer from the National Technical University of Athens and has acquired many years of experience in the sectors of real estate development and management, as well as in the management of large-scale projects, human resources and financial management. Mr. Papageorgiou has also held senior management positions at AEGEK (Anonymous Company of General Constructions and Maritime, Tourist, Agricultural and Forestal Enterprises) and AVAX S.A. General Contractors, where he was also a member of the Board of Directors for 15 years. Furthermore, Mr. Papageorgiou has served as Managing Director for the hotel complex Astir Palace Vouliagmeni, Managing Director of PROET (an associate company of J&P AVAX), as well as Vice President of the J&P Development Board of Directors.
The strengthening of LAMDA Developments management team is part of the companys general strategy for penetrating even further the sectors of real estate development, infrastructure and innovative and high-quality services, both in Greece and abroad. LAMDA Development is continuing the steady implementation of its 700 million investment programme, part of which has already been successfully completed and the remainder of which will be completed during the two-year period 2004-2005.
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.
Note to editors:
For further information, contact CIVITAS,
Pandora Lycouri, 210 6835403, 6946 502944, mailto:[email protected]
Nectaria Metrakou, 210 6835404, 6942 494617, mailto:[email protected]
