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FINANCIAL NEWS
Greece invests USD 1bn for Abu Dhabi-backed property deal
08 Jun 2016
(MENAFN) Greece revised terms for the sale of the old Athens airport of Hellenikon, meeting the needs of global lenders who are predicted to unlock bailout funds.
Furthermore, Greece invested a USD 1bn deal for the site of the disused airport, which sits on prime beachfront real estate in 2014.
In addition, a consortium led by Lamda Development, a Greek developer, would own part of the Hellenikon property and have a 99-year lease to develop all of it.
However, divisions amid regional communities and technical hurdles postponed the sale.
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