Thursday, November 14th, 2002
Pierre Hotel, New York City
LAMDA Development, a public company listed on the Main Market of the Athens Stock exchange, is a holding company investing, through a number of specialised subsidiaries in the development of land, marine and air infrastructure. Combining a strong entrepreneurial drive, specialist international expertise, expert management, powerful strategic allies (Deutsche Bank, EFG Eurobank, Hochtief, Dragados, Sonae Immobiliaria, Swissport International, Skanska) and with the business credibility and financial strength of the Latsis Group of companies, LAMDA Development shapes and connects the business areas it is active in, creating growth, reaping synergies and providing value to both its clients and its shareholders. The LAMDA Development Group offers its clients integrated business solutions and high quality services and products at competitive prices, in complementary infrastructure sectors such as real estate, marinas and yacht maintenance & refurbishment, airport services and other. At the forefront of exploiting numerous opportunities arising from regional developments such as industry deregulation, Greece's entry into the Eurozone and the adoption of the Euro, and the preparation for the Athens 2004 Olympic Games, the LAMDA Development Group is leveraging its presence in Greece and the neighboring countries to play a leading role in the modernization and development of Southeastern Europe.
LAND, AIR & MARINE INFRASTRUCTURE
In the area of land infrastructure, the LAMDA Development Group has focused primarily on the sectors of real estate development and investment, while it is now entering the motorway development sector, having been pre-selected for a number of large scale projects in partnership with globally leading construction companies. For the year 2002, the Group's highest profile projects are the development of the biggest mixed-use commercial-recreational centre in Thessaloniki, the 2nd largest Greek city, and the development of the Media Village for the Athens 2004 Olympic Games. It involves the regeneration of an area over 210.000 m2 within the city of Athens, and includes the creation of a model contemporary residential community with a unique 100.000m2 park and a mixed use shopping and entertainment centre, for the world's press to enjoy during their stay in Athens in 2004. Among several other developments, the company is also developing a residential complex in Bucharest, Romania, in jv with Techniki Olympiaki, a Greek listed construction company. It also manages a number of properties including an office building it has developed in Kirchberg, Luxembourg. In real estate investment, LAMDA's partnership with EFG Eurobank and Deutsche Bank, has created the first property institutional investor in Greece, which has already invested € 160 million in acquiring grade A properties, in a market that still commands premium with yields 8-10% much higher than other European countries.
In association with Swissport International, the 2nd largest provider of airport ground handling services worldwide LAMDA Development offers ground-handling services at all major Greek airports, including the new Athens International Airport.
LAMDA Development has also invested in marine infrastructure. Having acquired a contemporary yacht maintenance and refurbishment yard in Elefsis, Athens, LAMDA offers its clients specialised and integrated services in the areas of maintenance, repair and conversion of luxury mega yachts and other marine crafts. In parallel, LAMDA Development has been selected and is currently conducting final negotiations in order to acquire the Olympic VIP Marina of Athens located in Floisvos, in the southern part of the city.
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