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Lamda Development posts €16,1 million losses

17 November 10 - RE+D Magazine
Lamda Development posts  €16,1 million losses

COMPANIES

LAMDA DEVELOPMENT SA

Developer - GREECE

Eurobank Property Services

Consultant - GREECE

ΕΡΡΙΚΟΣ ΑΡΩΝΕΣ

Investment - GREECE

PROPRIUS

Consultant - GREECE

IBI Group

Consultant - GREECE

PEOPLE

Odisseas Athanassiou

Ceo LAMDA Development

Dimitris Andritsos

CEO of Eurobank Property Services S.A Eurobank Property Services

Lamda Development's group Recurring EBITDA reached €33,2 million compared to €31,2 million in the first nine months of 2009, showing an increase of 6,4%. This increase is attributed to the stabilization of the operational performance of our malls "The Mall Athens" and "Mediterranean Cosmos", to the improved profitability of "Golden Hall" and the increase in dividends and participations derived from our shareholding in Eurobank Properties.

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