Lamda Development is one of Greece's leading real estate development companies and the driving force behind The Ellinikon, Europe's largest urban regeneration project. Headquartered in Athens, the company has evolved from a traditional real estate developer into a major smart city innovator, establishing a dedicated Smart City division that oversees the integration of advanced digital technologies across The Ellinikon's 620-hectare development. Lamda Development's smart city team works with international technology partners to design and deploy unified data platforms, IoT sensor networks, intelligent building management systems, and AI-driven urban services that set new benchmarks for sustainable and connected urban living.
The company's portfolio includes some of Greece's most prominent commercial properties, including The Mall Athens and Golden Hall shopping centres, and its experience managing complex mixed-use environments has informed its approach to smart city design at The Ellinikon. Lamda Development has attracted significant international investment for the project, with major shareholders including the Latsis family and international institutional investors recognising the commercial and social potential of large-scale smart city development.
The company actively participates in European smart city knowledge networks and has presented The Ellinikon at international forums including the Smart City Expo World Congress and the Smart Country Convention in Berlin. By demonstrating that smart city principles can be embedded into a commercially viable urban development at scale, Lamda Development is helping to reshape the European real estate industry's approach to technology integration and sustainable urban design, positioning Athens as an emerging smart city capital in the Mediterranean.