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old athens airport development

Up to 2001 when travelers and locals were landing in Athens, they had an impressive view over the blue coastline of Athens and the waterfront. The investment amounts to € 8 bn., and is expected to create 10,000 permanent jobs during the construction period and 75,000 jobs (IOBE study, July 2016) during its maturity. Ellinikon International Airport, sometimes spelled Hellinikon (Greek: Ελληνικόν) was the international airport of Athens, Greece for 63 years up until 28 March 2001, when it was replaced by the new Athens International Airport, Eleftherios Venizelos. In 2018, the Supreme Court approved the project. During the Nazi occupation of Greece, Kalamaki airfield, as it was known then, was used as a Luftwaffe base. A prominent Greek development fund on Tuesday announced plans to create a 'world-class resort' at the former Athens airport of Hellinikon that could be bring around four billion euros ($5.4 billion) to Greece's ailing economy. A prominent Greek development fund on Tuesday announced plans to create a 'world-class resort' at the former Athens airport of Hellinikon that could be bring around four billion euros ($5.4 billion) to Greece's ailing economy. ATHENS, Greece -- Greece’s prime minister on Friday declared the start of preliminary work on a long-delayed major development project at the prime seaside site of the old Athens airport. Mitsotakis said the development would lead to the creation of 80,000 jobs and the project would be environmentally friendly and guarantee access for all residents of the wider Athens region. The Hellinikon Project investment is expected to contribute to the country’s GDP by 2.4% until the development’s completion date, while contributing a total of over € 14 bn. by Gct. From the March 2016 issue of Landscape Architecture Magazine. Elliniko International Airport (also spelled Hellinikon) was the first, and for all its 60 years of operation, primary airport of the Greek capital.Its construction begun in 1938 but was cut short due to World War II. The development of the 620-hectare (1,500-acre) Hellenikon site was a key element of the privatization drive that was part of Greece’s international bailouts. AREA 6,200,000 m² (1,500 acres) TIMELINE ATHENS -- The lockdown that kept Greeks at home for more than two months to slow the spread of COVID-19 also halted the early stages of starting the 8-billion euro ($9.06 billion) development of the old Hellenikon International Airport. A n abandoned airport complex in Athens currently housing a makeshift migrant camp is destined to be transformed into one of Europe’s biggest coastal resorts if a Greek development … The Athens International Airport “Eleftherios Venizelos” (AIA)opened in March 2001 to replace the Athens (Hellenikon) International Airport. The Project consists of an integrated urban development model that will combine the area’s natural beauty and unique inherent characteristics with landmark buildings and state-of-the-art infrastructure. The Project constitutes the largest urban regeneration project in Europe, designed to add significant new investments and uses in the areas of tourism, culture, entrepreneurship, innovation and in the environment. The country received billions in emergency loans to tackle a catastrophic financial crisis, but had to pass sweeping structural reforms and privatizations in return. Its construction begun in 1938 but was cut short due to World War II. Among Europe's most iconic development plans; the Hellinikon project broke ground today promising to reshape the old Athens airport into a dream city a few minutes away from the Greek capital. ATHENS – Greece started work clearing ground on Friday for a real estate project that plans to turn a disused airport on the Athens coast into one of Europe’s biggest tourist resorts, three times the size of Monaco. September 22, 2016. The investment will include a diverse range of residential communities, hotels, shopping centers, family entertainment venues, museums and cultural venues, health and wellness centers, significant space for sports and recreation, a modern business park with an educational and R&D hub as well as the total regeneration of the existing marina and the entire Coastal Front that will, along with the Park, will be the major attractions of the site. The vision of LAMDA for the development of the former Hellinikon airport is the design of a pioneering development for Athens, with emphasis on the creation of a world class Metropolitan Park covering an area of 2,000,000 sq.m., as well as the enhancement of the Coastal Front, both fully accessible to the public. Greater Athens has an area of 165 square miles (427 square km). in taxes to the Greek State over the same timeframe. “It will be a modern, ecological project that is friendly towards the environment,” Mitsotakis said. Greece Approves Old Athens Airport Redevelopment; Greece Approves Old Athens Airport Redevelopment. The vision of LAMDA for the development of the former Hellinikon airport is the design of a pioneering development for Athens, with emphasis on the creation of a world class Metropolitan Park covering an area of 2,000,000 sq.m., as well as the enhancement of the Coastal Front, both fully accessible to the public. The abandoned airport site is set to become the largest urban development … "Athens will become the first European capital with its own The airport had an official capacity of 11 million passengers per year, but had served 13.5 mi… It was named after the village of Elliniko(Elleniko), now a suburb of Athens. Full story: https://bit.ly/2D3VOwl by Gct. Mitsotakis inaugurated the start of construction work on a long-delayed major development project at the prime seaside site of the old Athens airport. The Ellinikon International Airport has a colorful history that involves America, too. The Hellinikon, an enormous area on the outskirts of Athens, Greece, is testament … The old airport site was sold to a consortium led by Greek Lamda Development, which has planned an 8 billion-euro investment, including a park, housing, shopping areas, a marina, hotels and a beach that will be freely accessible. 2019 was another positive year for Athens International Airport (AIA), since traffic surpassed the previous historical records, reaching 25.57 million passengers, and exceeding prior year levels by 1.4 million passengers, an increase of 6%. A few years back, the redevelopment of Athens’ old airport looked set to be a major, singularly depressing scandal. “Today we make a start, but there is a long road ahead of us,” Mitsotakis said, noting that it could take 10 years for the development to be completed. Moreover, the Project is expected to substantially contribute to the repositioning of Athens as one of the major world class tourist destinations as it will provide a significant number of new units as well as thematic tourism venues, expected to attract at least 1 mil new tourists while significantly reduce seasonality and at the same time increase the average stay over and spending of tourists in Athens. Athens lies 5 miles (8 km) from the Bay of Phaleron, an inlet of the Aegean (Aigaíon) Sea where Piraeus (Piraiévs), the port of Athens, is situated, in a mountain-girt arid basin divided north-south by a line of hills. The complex will be developed within and around two main towers, one 200 meters (656 feet) and the other 100 meters (328 feet) tall. Lamda Development plans to turn the abandoned site in Greece’s capital into a complex of luxury residences, hotels, a yachting marina and … Positive Financial Results for the Year 2019. Discover the highlights of the Hellinikon Project, the Metropolitan Park and the Prototype City. Ancient cemeteries and a prehistoric settlement have been found in the area. The Project consists of an integrated urban development model that will … Following the failed attempt to secure the 1996 Summer Olympics, both the city of Athens and the Greek government, aided by European Union funds, undertook major infrastructure projects such as the new Athens Airport and a new metro system. After many years of uncertainty, it seems that the city of Athens is slowly progressing towards a clear plan for the future of Athens’ old international airport. An aerial view of the Hellinikon International Airport site in Athens shows the extent of the redevelopment project. Greece's prime minister Kyriakos Mitsotakis wearing a helmet and plastic glasses stands at the old airport as bulldozers demolish an abandoned building in Athens, Friday, July 3, 2020. Mitsotakis inaugurated the start of construction work on a long-delayed major development project at the prime seaside site of the old Athens airport. Urban Development for the former Athens airport site of Hellinikon. The ‘green’ and ‘smart’ design approach of the Project will offer world-class services and amenities while improve the standard of living of the entire Attica area’s inhabitants. The revamping of the airport has been tied up in court cases for nearly two decades, with critics of the project citing environmental and heritage concerns. The development premises of old Athens airport Hellinikon is a project by by Hellinikon Global SA and Lamda Development, which submitted their the Integrated Development Plan (IDP) of the Hellinikon – Agios Kosmas Metropolitan Pole plan to the Hellenic Republic Asset Development Fund (HRADF) in June 2017.. Lamda Development has announced it is issuing a cash call for up to 650 million euros to take over the “Hellinikon Project” making it 100% Greek-owned after international investors withdrew interest in the new development at Athens former airport. Kyriakos Mitsotakis hailed the start of work as a major step in the implementation of what he described as “possibly the largest project in the Mediterranean.” The Olympic Airways logo is seen on a building at the former Athens International airport, Hellenikon Reuters Built in 1938, it was used as a Luftwaffe … After years of delays due to bureaucratic red tape, political resistance and local opposition, demolition crews began tearing down the first block of buildings out of hundreds that need … A breakthrough vision is coming to life. For more information please visit Hellinikon’s website: http://www.thehellinikon.com, © Lamda Development 2015-2020 All Rights Reserved, Investor Relations and Corporate Communications Department, Athens Metropolitan Expo - Exhibition and Convention Centre, Athens, Viltanioti str - Land for Office Development, Athens, Spata Prokalisi - Land for Mixed Use Developement, Athens, Alkyonides Hills - Second Home Development, Island of Aegina, Financial Statements / Figures and Information. The old airport of Athens. (AP Photo/Thanassis Stavrakis). Print. AUTHOR Prof. S.N.Pollalis Inc. as chief planner and Hellinikon S.A. CEO (Hellinikon S.A. was the public company for the redevelopment of Hellinikon) LOCATION Coastal zone of Athens, Greece. 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