LAMDA Development: Recognized Among Time Magazine’s 100 Most Influential Companies for 2024

LAMDA Development, the driving force behind the iconic Ellinikon project, has been honoured by Time magazine as one of the 100 most influential companies worldwide for 2024. It is the sole Greek representative on the esteemed list.

In an official statement, the company expressed its pride in achieving inclusion in the 2024 “TIME100 Most Influential Companies” roster, a recognition that underscores its unwavering dedication to spearheading innovative and paradigm-shifting initiatives for the betterment of Greece and its people. The Ellinikon project hailed as Europe’s largest urban regeneration endeavour and situated along the renowned Athens Riviera, garners international acclaim and significantly enhances Greece’s global prestige and reputation.

The “TIME100 Most Influential Companies” for 2024 showcases the top 100 companies across various sectors globally, chosen based on their groundbreaking innovation, exemplary leadership, and impactful contributions to society. Time magazine meticulously identified candidate companies from diverse industries, conducting thorough research through a network of worldwide contributors, correspondents, and independent experts to compile the prestigious list.

Lamda Development’s $8 billion Ellinikon, now under construction about 20 minutes from the Acropolis in Athens, is the largest urban reclamation project in Europe. The project, being built from scratch on a Mediterranean coastline that used to be an international airport and 2004 Olympics site, will feature a 1-km-long public beach and one of the largest coastal parks in the world, nearly doubling the amount of green space per Athens resident. It will have thousands of luxury apartments, shopping, hotels, offices, entertainment, a university, and new infrastructure, including electric vehicle stations and rainwater capture. Lamda is privately financing the development, which is expected to create thousands of jobs, attract tourists, and contribute 2.4% of Greece’s GDP in an economy that Greek Prime Minister Kyriakos Mitsotakis this year told TIME he’s focused on boosting. “It’s a project that is putting Greece on the map for the right reason,” says CEO Odisseas Athanasiou.