Athens-listed property company Lamda Development has announced that its Serbian subsidiary, Property Development DOO, has bid almost EUR 58 mln in the public contest for the sale of a 43,000 m[sup]2[/sup] building owned by Beko, which is bankrupt. Lamda said this was the highest offer for the building and application will be filed for re-development permits once the transaction is finalised. When the re-development work is completed the property will have a total surface area of 120,000 m[sup]2[/sup]. The total investment is expected to reach EUR 190 mln.
Athens-listed property company Lamda Development has announced that its Serbian subsidiary, Property Development DOO, has bid almost EUR 58 mln in the public contest for the sale of a 43,000 m2 building owned by Beko, which is bankrupt. Lamda said this was the highest offer for the building and application will be filed for re-development permits once the transaction is finalised. When the re-development work is completed the property will have a total surface area of 120,000 m2. The total investment is expected to reach EUR 190 mln.
