Second Home Development, Aegina island

LAMDA Development S.A has acquired GEAKAT S.A which holds a 116.000 sq.m plot of land in Perdika district of Aegina island. The total price of the above transaction is approx. €13,5 million.

In this plot the company will develop a high quality second home complex of 23.000 sq.m. The total cost of the development will reach € 50 million.

The above transaction represents a strategic move in the sector of second home developments, a field with significant investment opportunities.