The rise in property prices continued, in the midst of the pandemic.

The real estate investment firm is expanding its presence on the island.

The offering is expected to be finalized by mid July.

The unemployment rate stood at 16% in January 2021, and fell from 16.4% in January 2020 and 15.6% in December 2020, which was corrected downwards.

Lamda Development S.A. announced a pivotal agreement with Piraeus Bank S.A., the first since the transfer of Hellinikon S.A. shares from the Greek state to Lamda Development.

The price for the acquisition of 80% of the company's shares amounted to € 23,6 million.

With this acquisition the Company currently owns the entire 2nd, 3rd, 4th, and 5th floors.

The areas are part of a standalone office building that was acquired from the Company in November 2018.

The total reduction on Group's revenues of 2020 from rents due to the Covid-19 pandemic amounted to € 954.000.