Lamda: Land sale complete in Belgrade

The 469-acre property plot of SINGIDUNUM – BUILDINGS D.O. in Belgrade was completed, according to a S.A. announcement. More specifically, Lamda Development announced that on 26.3.2024 the notarial act was signed between SINGIDUNUM – BUILDINGS D.O.O. (100% indirect subsidiary of the Company) and MEGAPARK D.O.O. (a subsidiary of Belgrade-based BIG CEE, Serbia) for the sale of a 469-acre plot. The transaction price was EUR 15,2 million in cash. The accounting net liquid value of the property (stock) on 31.12.2023 (taking into account an independent valuation) amounted to around EUR 15,2 million. This transaction is part of the company’s current strategy aimed at focusing activities on the iconic work of the Greek, the Commercial Centres/Developments (The Mall Athens, Golden Hall, Mediterranean Cosmos, Designer Outlet Athens, Vouliagmenis Mall and Riviera Galleria) and the Marines.