Lamda Development on Wednesday announced that following the completion of the issuance of Joint Ministerial Decisions (JMDs) on the Hellinikon project and in view of the immediate commencement of the largest investment in Greece, the Board of Directors of the company decided to call an extraordinary general meeting for a share capital Increase up to the amount of 650 million euros.

A nascent "feud" between the international consortium that's won a concession for the massive Helleniko property development in southeast Athens and the outgoing Tsipras government, given that the privatization remains mired in Greece's ubiquitous "red tape", surfaced anew this week - less than two weeks before a general election.

Only a few hours after the investor's move to freeze the Skouries project, and the investor in the Hellinikon Project, Lamda Development, in an official announcement sounded the alarm for the future of this emblematic investment, mentioned in the MoUs with the country's lenders.