LAMDA Development – GC Powerlist
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Greece and Cyprus Teams 2019

LAMDA Development

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Greece and Cyprus Teams 2019

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LAMDA Development

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LAMDA Development is a key player in the development, investment and management of real estate in the Greek market. Listed on the Athens Stock Exchange, LAMDA is currently in the spotlight for the major “Hellinikon” project, the largest privately funded investment ever in Greece and a landmark urban regeneration project in Europe. The project aims to transform the former Hellinikon Airport and Agios Kosmas Marina into a world class destination that will include a metropolitan park and significant new investments in tourism, leisure, culture, entrepreneurship, innovation and the environment. LAMDA has also developed and operates three commercial and leisure centres: “The Mall Athens” and “Golden Hall” in Athens and “Mediterranean Cosmos” in Thessaloniki, making a total GLA of 147,000m2. LAMDA’s legal department has vigorously contributed to the company’s achievements. Consisting of 11 highly qualified individuals, LAMDA’s legal department is described by a nominator as, ‘a robust team of motivated and target oriented attorneys that make up an indispensable part of the company’s strategy’. Headed by John Giannakopoulos, chief legal counsel, recognised in the inaugural GC Powerlist: Greece and Cyprus in 2018, the team provides ongoing legal contribution to day-to-day legal and business issues. This includes negotiations, corporate and compliance matters, complex commercial and corporate agreements, project financing, and litigation. The team is closely involved in the diversified aspects of the “Hellinikon” project, and Giannakopoulos, actively supported by Yiannis Sourlas, senior attorney, has gradually developed LAMDA’s legal team and guided its engagement. This ranged from the public tender process for the acquisition of the respective company, the negotiations for the conclusion of the respective sale and purchase agreement as well as the monitoring of the fulfilment of all contractual preconditions regarding the commencement of the project. Each member of the team has been allocated to monitor and coordinate one or more “CPs fulfillment” of the project, including, amongst others, the urban planning of the site, the granting of a casino license within the site through an international public tender, the transfer of a series of rights in rem to the company under privatisation as well as the division of the property. In the words of a nominator, ‘LAMDA’s legal team stands ahead beyond any doubt in the evolvement and growth of the “Hellinikon” project endeavor as well as LAMDA’s overall best interests. Looking ahead under the management of their head, J.V. Giannakopoulos, LAMDA’s legal team is prepared to rise to the call of the “Hellinikon” era and emerge the company in new uncharted business horizons’.

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