Thursday November 27, 2014 Search
Weather | Athens
14o C
8o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Blackstone buys 10 pct stake in Greek real estate developer Lamda

Private equity group Blackstone acquired a 10 percent stake in Greek real estate developer Lamda for 20.2 million euros ($28 million), the latest move by foreign funds warming to Greece's recovery prospects, Lamda said on Wednesday.

Lamda Development said seven investment funds managed by Blackstone-GSO Capital Partners bought 4.44 million of its voting shares at 4.55 euros each - a 3.8 percent discount to the stock's closing price of 4.73 euros on Wednesday.

Lamda was picked by Greece's privatization agency in March to develop a prime seaside property at the former Athens airport Hellenikon. Backed by China's Fosun and Abu Dhabi-based property firm Al Maabar, the firm was the sole bidder for the project.

The 7-billion-euro plan to develop Elliniko - a complex three times the size of Monaco - is one of Europe's most ambitious real estate projects and stands to be a major boost for a nation limping back to growth after nearly going bankrupt in the fallout from the global economic crisis. [Reuters]

ekathimerini.com , Thursday Jul 3, 2014 (10:08)  
ILO report warns of prolonged social crisis unless steps are taken in employment
Greek tobacco firm Papastratos planning 25-mln-euro investment
Bourse index recovered on Wednesday
EU finds seed money for investment plan to unlock EIB funds
Ship with 700 migrants safely towed to Greek coast
Officials say a broken-down smuggling ship carrying 700 men, women and children trying to emigrate to Europe has been safely towed to just off the southern Greek island of Crete. Authorities...
Independent Greeks MP to be questioned over bribery claims
Independent Greeks MP Stavroula Xoulidou is to appear before a Supreme Court prosecutor on Thursday to answer questions regarding claims that she was offered a bribe to back the government's...
Inside News
SOCCER
Atletico drubs Olympiakos 4-0, leaving Reds with slim chances of CL qualification
Atletico Madrid avenged its 3-2 defeat in Piraeus in September with a 4-0 win over Olympiakos on Wednesday, meaning the Greek champion only has mathematical hopes left for a spot in the next...
SOCCER
Atletico eyes last 16 berth against Olympiakos
Greek champion Olympiakos faces a tough task if it is to prevent last season's beaten finalist Atletico Madrid sealing its passage into the last 16 of the Champions League at the Vicente Cal...
Inside Sports
COMMENTARY
Scraping together the 180 MPs will not be enough
Even if the coalition government was to scrape together the 180-MP majority it needs to elect a new President in the 300-seat House, skeptics say, what will change really? There is one evide...
EDITORIAL
Taking back whats stolen
A large group of public prosecutors and state officials (coming from various departments) have been working on major corruption cases. Of course it is their duty to do so, yet their actions ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Ship with 700 migrants safely towed to Greek coast
2. ILO report warns of prolonged social crisis unless steps are taken in employment
3. Greek tobacco firm Papastratos planning 25-mln-euro investment
4. Independent Greeks MP to be questioned over bribery claims
5. Greece paralyzed by major strike, flights cancelled
6. Chief suspect in Piraeus bar shooting arrested
more news
Today
This Week
1. Troika talks to continue after failure to wrap up negotiations in Paris
2. Greece scrambles to find food, shelter for 700 migrants on crippled ship
3. Chief suspect in Piraeus bar shooting arrested
4. Greek, German, Portuguese, Spanish debt to benefit most from ECB QE - ABN Amro
5. Greek diplomat dies in fall under Thai train
6. Bourse index recovered on Wednesday
Today
This Week
1. Give Greece a chance
2. Biden heads to Istanbul amid tension over Cyprus EEZ violation
3. Scientists expand excavation of ancient Amphipolis
4. Extremism from a bygone era
5. Piraeus nightclub shooting leaves 3 seriously injured
6. Coscos Greek unit adds multinational rail-freight client
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.