The establishment of a special purpose company of Brook Lane Capital with Hellenic SA Lamda Development was announced with the purpose of jointly developing a mixed-use tower in Elliniko in the area of ​​Vouliagmeni AvenueIn the announcement of.

Ahead of the turnover of shares of Hellinikon Project to Lamda Development on June 25, the latter said this past week it will initiate a series of online presentations detailing progress on the project, the largest urban renovation plan in Europe.

The main stakeholder in the vehicle to develop the plot at Elliniko, the Latsis family’s Lamda Development, is facing a major challenge, which includes risks associated with the construction company’s share capital increase.