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Europe’s Hellenikon Project Development Near Athens Features 6 High-Rise Buildings

Infra News - Published on Tue, 10 Sep 2019

Image Source: .Tornos News
Once set to be Europe’s largest urban park before an economic crisis made Greece change plans, the abandoned Hellenikon International Airport USD 8.76 billion development calls for the site to mostly covered with commercial use, including at least 6 high buildings. The scheme by the development consortium, led Greece’s Lamda and including Chinese investment group Fosun and Abu Dhabi’s Eagle Hills, will turn the site, now a mess of decrepit buildings, decaying airplanes and weed-covered tarmacs, into a wealthy mix of commercial space, high-end residences, a marina for yachts and a casino. Trying to accelerate the development that the consortium complained was blocked for 4 ½ years by the former ruling Radical Left SYRIZA, the new New Democracy government has pushed for granting of licenses.

Development and Investments Minister Mr Adonis Georgiadis added that a master plan developed by the previous government remains intact and has not been revised by the addition of even one more window, said the business newspaper Naftemporiki, although streets and sidewalks and the paved area will reportedly be considered part of the park. He said Greece will get a USD 328.42 million down payment, from the international consortium by the end of the year, the first construction set for early 2020, six months later than Prime Minister Kyriakos Mitsotakis promised, saying it would begin immediately after he won July 7 snap elections and ousted former Premier Alexis Tsipras.

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Posted By : Sanju Moirangthem on Tue, 10 Sep 2019
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