FAQs

The Ellinikon will be a pioneering model for urban development with significant public areas dedicated to the common good. This will drive multiple benefits for all citizens.

It will be a new city with thousands of permanent residents and employees who will live and work in the area. It will attract new visitors, increase the tourist traffic in the wider area, and benefiting both the local and national economy.

At the same time, the The Ellinikon Park will offer 2,600,000 sqm of open public areas which will be an enormous benefit to the daily lives of citizens and visitors alike — a place to have fun, play sports and attend various events and exhibitions. The Ellinikon will be a new international cradle of culture. 

The project follows a new model of urban development which is based on large common areas open to public. In The Ellinikon Park, green areas will be open to all Athenians. Additionally, kindergartens, primary and secondary education institutions, cultural centers and healthcare facilities will be created — all supporting new standards for higher quality of life.

The project will redevelop the wider Hellinikon area, while retaining the character and the cultural heritage of the area. 

The investment in The Ellinikon sets new standards for sustainable urban development. It seeks to become a global model for large scale "green” development projects.

Driven by a deep respect for the natural ecosystems, we plan the development of sustainable and technologically advanced infrastructure. This includes an advanced waste management system and alternative ways of saving energy. We will ensure easy access to The Ellinikon by public transport, by bicycle or on foot in order to avoid traffic congestion and achieve a reduction of pollutants. And, of course, a large part of The Ellinikon will be used for the creation of green and recreational spaces – open to all.

During the building phases, we have planned for the effective management and disposal of materials coming from the demolition and construction works. Also, our holistic planning ensures that construction is carried out with limited nuisance in the surrounding areas. 

The Ellinikon will be a model of urban regeneration with the integration of the most advanced technologies. This will include smart irrigation systems, smart water management, smart lighting, modern connectivity to the residents and visitors, and even smart buildings equipped with the most innovative infrastructure that ensure ergonomics and comfort.

At the same time, we will integrate smart mobility capabilities and infrastructures with intelligent traffic and transport management systems, and intelligent energy resource management systems to ensure sustainable energy consumption. Finally, the intelligent waste management systems will optimize waste- and waste-sorting efficiency with an emphasis on recycling and reuse of materials. 

Little Athens is a neighborhood, like any other in Athens and Greece, open to anyone with public roads, pedestrians and cycling lanes. Anyone can access the area without any restrictions. The various developments within Little Athens might have parts that are accessible to everyone (e.g., the retail component, such as supermarket, cafes, restaurants, bakery etc.) and other parts that are accessible only to the residents and their guests, in order to maximize their safety and privacy. 

Little Athens is planned to be developed in the first two phases of The Ellinikon, since it comprises numerous urban blocks and covers a large area where this new and vibrant neighborhood will be developed. Phase 1 of Little Athens is planned to be completed in 2027 - 2028 together with the majority of the rest of Phase 1 projects of The Ellinikon. 

Given the large scale and development phasing of Little Athens, there will be various construction companies that will be constructing the various projects within the neighborhood. The invitation, assessment and award of the construction companies will be the result of a rigorous and transparent tendering process to be held by Hellinikon SMSA, an 100% subsidiary company of Lamda Development SA, where local and/or international construction companies will be invited to participate, subject to the nature and complexity of each project. 

Depending on the project, there might be certain amenities for the private use of specific apartments, such as private ground floor gardens, roof gardens, swimming pools or Jacuzzis. There might also be amenities that are for the communal use of all residents in a project, such as fitness area / gym, swimming pools or lounge areas. The above are included in the sale price of a property. With regards to the communal amenities, residents will need to cover all their operational and maintenance costs through the service charges that are split among all residents, typically on a monthly basis. 

No, the layouts of properties cannot be modified either internally or externally. The property will be constructed according to the layout shown in issued building permit. 

No, the material and finishes of the apartments and building are set by the architect in order to achieve the desired aesthetic and architectural result, therefore, they cannot be modified by the Purchaser. In some cases, buyers might be able to choose different materials from a pre-defined list prepared by Hellinikon SMSA, that may come at an extra cost. This extra cost will be communicated to the buyers to make their choice.