Lamda Development plans 3,500 homes and Lamda Development stock costs EUR 5.89

Published on 10/15/2026 at 13:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The project has sold 1,000 homes. Lamda Development stock costs EUR 5.89 on October 15, 2026, against a 52-week range of EUR 5.85 to EUR 7.76.

Development milestones and results

Lamda Development planned 3,500 homes at The Ellinikon on October 15, 2026.
First-half consolidated EBITDA reached EUR 22.40 million in 2026.
Lamda Development stock traded at EUR 5.89 at 1:11 p.m. CEST on October 15, 2026 at Lang & Schwarz.

Lamda Development, GRS245213004, Illustration mit AI erstellt.

Lamda Development (ISIN GRS245213004) is planning 3,500 homes in the second residential phase of The Ellinikon, after almost 1,000 homes had been sold. Insider reported the housing plans on October 15, 2026. Lamda Development stock was trading at EUR 5.89 at Lang & Schwarz on October 15, 2026 at 1:11 p.m. CEST.

First-half results set the backdrop

Lamda Development's first-half results showed a sharp contrast between group earnings and recurring operating activity. Consolidated EBITDA came to EUR 22.40 million in the first half of 2026, compared with EUR 236.60 million in the first half of 2025, according to Euro2day.

The malls supplied a steadier operating base. Adjusted operating EBITDA for the four operating malls reached EUR 50.00 million in the first half of 2026, up 5.00 percent from the first half of 2025. Retail sales turnover reached EUR 409.00 million in the same period, while Flisvos Marina EBITDA rose 10.00 percent year over year to EUR 9.30 million.

What does 3,500 homes mean for sales?

The second phase broadens the addressable market beyond the project's premium units. The planned homes are intended to be more accessible, while the average purchase value of completed residential sales stood at EUR 1.30 million, based on the October 15 report from Insider. Foreign buyers accounted for 30.00 percent to 40.00 percent of recent demand, compared with about 20.00 percent to 25.00 percent from the Greek diaspora.

Three dates chart the project

On September 16, 2026, Lamda Development reported first-half consolidated EBITDA of EUR 22.40 million, according to Euro2day. On October 7, 2026, the company scheduled its nine-month 2026 results for November 4, 2026, as reported by Simply Wall St. On October 15, 2026, the company presented its 3,500-home second phase and its 1,000 completed sales through coverage by Insider.

Next results date is November 4

The next dated company event is November 4, 2026, when Lamda Development is scheduled to publish nine-month 2026 results. That release should provide the next quantified test of residential sales, mall operations and project cash generation.

Stock price and project scale

The share price places the current market discussion alongside a development pipeline measured in thousands of homes and a completed sales base measured in billions of euros. Lamda Development stock was trading at EUR 5.89 at Lang & Schwarz on October 15, 2026 at 1:11 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Lamda Development stock.