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21 October 2017
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LAMDA's operational profitability jumps 2,3%

07 September 17 - RE+D Magazine
LAMDA's operational profitability jumps 2,3%

DEALS

DATE BUYER SELLER
19 October 17 Pacific Castle Shopcore
17 October 17 Credit Suisse Asset Management Legal & General capital

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MARKET WATCH

COMPANIES

LAMDA DEVELOPMENT SA

Developer - GREECE

PROPRIUS

Consultant - GREECE

ΕΡΡΙΚΟΣ ΑΡΩΝΕΣ

Investment - GREECE

NAI Hellas

Consultant - GREECE

PEOPLE

Odisseas Athanassiou

Ceo LAMDA Development
Following the record profitability of 2016 and despite the prevailing adverse economic environ ment, the operational profitability (EBITDA) of LAMDA’s three shopping centers in the first semester posted an increase of 2,3% versus the first semester of 2016, reaching €22,0 million.

 

The aggregate consolidated operating results (EBITDA) of the group before valuations reached €18,6 million, recording an increase  of 3,9% compared  to first semester of 2016.

Net Asset Value (NAV) before taxes reached €391,1million, while, if incorporate the acquisition of the additional 50% of The Mal Athens that was effected in July 2017, NAV reached €413,1m. (€5,18 per share).

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