Press Release – The Ellinikon Commercial Hub


Lamda Development creates The Ellinikon Commercial Hub:

the most advanced commercial, leisure, and business complex in Greece


The internationally acclaimed architectural firm Aedas has designed

the pioneering complex on Vouliagmenis Avenue


[See the online presentation here]



Athens, December 7, 2021 – Lamda Development presented today The Ellinikon Commercial Hub: the new state-of-the-art commercial, leisure and business destination that will extend to more than 185,000 sq.m. on Vouliagmenis Avenue. The Commercial Hub will consist of the largest mall in Greece, a next generation retail park with big-box stores, as well as state-of-the-art office spaces. Right next to it, an iconic mixed-use tower will be developed that will house a hotel, offices, and apartments. It is a pioneering ecosystem that introduces a new lifestyle philosophy in shopping, entertainment, and work.

“At Lamda Development, we have created the most successful shopping and leisure centers in Greece. Today, we are taking the next step, bigger and more ambitious that ever. The Ellinikon Commercial Hub is a destination of the future; in a few years it will become Greece’s most modern commercial and business hub; a popular attraction for citizens from across the country and, of course, for the one million tourists that will be visiting The Ellinikon every year,” said Lamda Development CEO, Mr. Odisseas Athanasiou, during the fourth online presentation held by the company on the major regeneration project at The Ellinikon.


The Chief Development Officer of Lamda Development, Ms. Melina Paizi, pointed out that “The Ellinikon Commercial Hub is one of the most impressive destinations to be created at The Ellinikon. It will stand out in terms of aesthetics and for its hybrid design, combining indoor and outdoor spaces, as well as for the use of the latest technologies. It will also be a pioneer in sustainability, deploying the most advanced technologies and smart solutions to reduce its environmental footprint.”


The Ellinikon Commercial Hub has been designed by the internationally acclaimed architectural firm Aedas, based in Hong Kong, which has led significant projects around the world.

One of the most impressive commercial complexes in the world


The mall that will be constructed on Vouliagmenis Avenue within the next five years will cover an area of 130,000 sq.m., making it the largest and most modern mall in Greece, and will offer a multifaceted, round the clock experience to its visitors. It will house next generation stores of the most popular and up-and-coming Greek and international brands. It will also offer sophisticated options for dining, entertainment, and wellness, with exhibitions, concerts, gyms, gaming corners, cinemas, children's recreation areas, and more, that will be available even after commercial stores have closed. 

Furthermore, at the 30,000 sq.m. commercial park to be developed at the Commercial Hub in collaboration with the Fourlis Group, visitors will find big-box stores of international home and sports equipment brands, enjoying an end-to-end shopping experience.

A state-of-the-art business hub at The Ellinikon

The Ellinikon Commercial Hub will also feature modern office spaces of 27,500 sq.m. that will house the headquarters of Piraeus Bank. These have been designed based on modern needs, thus offering a functional, flexible, ‘green’ environment with views of The Ellinikon Park and the seafront.

In the same area, a state-of-the-art 150 m high mixed-use tower will be developed that will house a hotel, offices, and apartments. The state-of-the-art Business Center to be created at The Ellinikon in the coming years will become the heart of Greece’s commercial and business life, bringing significant benefits for the area and the entire Attica region.

The Ellinikon Commercial Hub is another iconic development project by Lamda Development, and part of its vision to transform the old Athens airport into a city of the 21st century, where everyone wants to live, work, and visit.



About Lamda Development


Lamda Development, listed on the main market of the Athens Exchange, is a holding company specializing in real estate development, investment, and management. The company plays a leading role in the sector of large commercial

and leisure centers in Greece, with successful diversification in office and residential developments. Lamda Development’s portfolio includes three commercial and leisure centers (The Mall Athens and Golden Hall in Athens and Mediterranean Cosmos in Thessaloniki) with a total GLA of 157,000 sqm, office buildings, residential complexes and Flisvos Marina in Faliro. Lamda Development has undertaken the integrated metropolitan redevelopment of the area of the former ‘Hellinikon’ airport, which will be the largest private investment in Greece and the largest urban redevelopment project in Europe. The company is a member of the Latsis Group.



Lamda Development

Maria-Christina Griva

Corporate Communications Director

Email: [email protected]
Tel.: +30 2107450647