LAMDA Development S.A has acquired GEAKAT S.A which holds a 116 sq.m plot of land in Perdika district of Aegina island. The total price of the above transaction is approximately Euro 13,5 million.
In this plot the company will develop a high quality second home complex of 23.000 sq.m. The total cost of the development will reach Euro 50 million.
The above transaction represents a strategic move in the sector of second home developments, a field with significant investment opportunities.