Progress continues on both the construction of buildings and infrastructure as part of the urban regeneration project at Ellinikon. According to LAMDA Development, work is underway across 14 developments in collaboration with 12 different contractors, with construction now active in all residential areas available for sale. In 2024, capital expenditures (CAPEX) for buildings and infrastructure amounted to €248 million, bringing the total capital expenditures since the project’s inception to €564 million by December 31, 2024. Key achievements include a 50% increase in EBITDA pre-valuations to €97.4 million compared to 2023, and cumulative cash receipts from property sales exceeding €1.1 billion by February 28, 2025. The group also completed transactions for the development of residential, office, and educational spaces, including a retail park, totaling €258 million, with approximately €194 million collected by the end of 2024. Sales and reservations for apartments in the Little Athens neighborhood have reached 81%, with 453 out of 559 units sold or reserved. The company announced consolidated net profits of €46.3 million for 2024, marking a 71% increase from the previous year. Additionally, two new shopping destinations, The Ellinikon Mall and Riviera Galleria, are under development with significant leasing progress.