The complex operation was financed and overseen by Lamda Development, the concessionaire of the landmark The Ellinikon privatization and property development
The ATHEX-listed developer reported 206 million euros in EBITDA for FY23, a 69%-percent increase from 2022 results
Developers maintain that the 50-storey Riviera Tower will be ready in the first quarter of 2026
Lamda Development and Brook Lane Capital have agreed to the construction of a 40-floor mixed-use tower along the Athenian Riviera.
Lamda cited completion of foundation works for Riviera Tower, at the Ellinikon project