HELLINIKON DEVELOPMENT

scnguyen
Mar 23, 2017
1 min read

Lamda Development has a new project underway which is the development of the former Hellinikon airport. Their vision is that this is a design of pioneering development for Athens, with great emphasis on the creation of a world class metropolitan park, as well as the enhancement of the coastal front fully accessible to the public.

The focal point of this development is the 2,000 Acre Metropolitan Park which will be one of the largest coastal parks in the world.

The total site area encompasses 6,200 acres and the breakdown is as follows:

Roads = 800 Acres
Public Areas = 600 Acres
Metropolitan Park = 2,000 Acres
Development Area = 2,600 Acres

The development is expected to aid in creating 10,000 direct jobs and in reviving the construction sector. In its entirety, the Hellinikon will provide approximately 75,000 jobs within many professional disciplines. This development is projected to contribute 2.4% to the Greek GDP, securing significant income for the Greek State and Social Security, which is expected to reach a cumulative total of €10 billion over a 25 year time frame. In addition, Greece may see an increase in the tourism sector as a result of the Hellinikon Project with a projected increase of 1,000,000 tourists per annum.