Lamda Development's 915 million offer for the Hellenikon SA shares has been approved. It is translated into 1.2 billion worth of infrastructure which, at 2,500 acres, is 850 euros per sq. m.

State real estate fund TAIPED has asked Lamda Development for an improved offer for the Hellinikon property deal, as it always does in such cases, with the decision expected by month's end.

Lamda Development promises the most ambitious architectural project ever designed in the city that will change the face of the coastal area.