GRLAMDA Development reported consolidated sales of €143 million for the first quarter of 2026, representing a 35% increase compared to the same period in 2025. The company also set a new record for Operating Malls EBITDA at €24.9 million, up 5% year-over-year. Additionally, the Marina of Phaliron recorded a new EBITDA record of €4.5 million, a 12% increase. The firm noted total revenues exceeding €1.7 billion from property sales at the Elliniko project since its start until May 31, 2026, with 87% of the 671 units in Little Athens sold or reserved. The group’s investment portfolio exceeded €3.8 billion, while cash reserves reached €831 million. The CEO, Odysseas Athanasiou, highlighted the company’s steady upward trajectory, emphasizing strong performance across core projects and the importance of quality execution and cost control.
Bias read (Center): The article presents financial results and operational updates from LAMDA Development, focusing on economic performance and business operations. There is no political commentary, ideological framing, or discussion of governance, policies, or societal issues. The tone remains neutral and factual, rel
