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.

A study for the development of the Hellinikon area has been published by the Foundation for Economic & Industrial Research (IOBE) focuses on benefits for the Greek economy and especially on newly created job positions.

The city of Athens could attract more than one million tourists annually after completion of an investment project in Hellinikon, according to Lamda Development's CEO.