LAMDA DEVELOPMENT

For the development of The Ellinikon, an environmentally friendly design is being pursued, aiming to mitigate environmental impacts while adapt to climate change. During the design and construction phase of a project (as well as during operation), measures are taken for energy efficiency, reduction of embodied carbon emitted during construction, reduction of greenhouse gas emissions, as well as reduction of noise, dust emissions and air pollution.

The goal of sustainable buildings is to reduce negative impacts on the environment and improve the quality of life of the people who use them. More specifically, sustainable buildings seek to:

Environmental objectives:

• Reduction of energy consumption through energy-efficient systems and renewable energy sources.

• Reduction of CO₂ emissions and other pollutants.

• Rational use of water with saving and reuse technologies.

• Reduction of waste during construction and operation.

• Use of environmentally friendly materials with a low carbon footprint.

Social objectives:

• Improving the quality of the indoor environment (lighting, ventilation, thermal comfort).

• Health and well-being of users through clean air, natural light and non-toxic materials.

• Accessibility and safety for all users.

Financial objectives:

• Reduction of operating costs (energy, water, maintenance).

• Increase property value and attractiveness for tenants or buyers.

• Eligibility for subsidies or tax incentives.

The Ellinikon belongs to a business organization that systematically communicates and interacts with its stakeholders, both from its internal and external environment. Within this context, The Ellinikon considers as stakeholders all partners and entities that either have an impact or influence on its long-term sustainable trajectory and operations, or are themselves affected by it. Indicatively, the audience of its activities includes:

Customers, Buyers, Consumers, Visitors & End Users

Shareholders, Investors & Providers of Capital & Financing

The Wider Society

From the start of the development until today — using holistic measurable indicators from 2021 to date, which are updated and monitored annually.

As we shape the city of the future, we are advancing the design, construction, and operation of The Ellinikon by reducing its environmental footprint, promoting resilience, creating economic value, and enhancing social well-being.

The Ellinikon aims to obtain international Leadership in Energy and Environmental Design (LEED) certification for all commercial developments in Phase A, as well as for the majority of residential buildings, targeting LEED “Gold” certification.

A. Completed Sustainable Buildings:

The Building Complex for People with Disabilities, the first completed building of The Ellinikon redevelopment, was delivered to the Municipality of Elliniko–Argyroupoli in September 2023. The center hosts organizations for people with disabilities (Amymoni, Ermis, NIKI-Victor Artant, and SAMSKP) and was fully funded by LAMDA Development. In 2024, this state-of-the-art facility was awarded the LEED BD+C “Platinum” certification, meeting the criteria for green development.

Key benefits of this project include:

_High energy efficiency: 40% lower energy use compared to reference buildings.
_Use of renewable energy: 280 m² of photovoltaic panels.
_Potable water savings: 45% reduction indoors, 60% reduction outdoors.
_95% of construction waste was recycled.
_30% of construction materials had recycled content.
_High indoor air quality using best-practice materials.

1. Riviera Tower

Designed by the globally renowned architectural firm Foster + Partners, the Riviera Tower embraces comprehensive sustainable design strategies. The vision is a landmark high-rise harmonized with the sea and the Mediterranean landscape. In July 2022, the project was pre-certified under the LEED green building standard, becoming the first residential building in Greece with LEED pre-certification at the Gold level.

Key features:

_200m tall – the tallest “green” skyscraper in the Mediterranean.
_170 apartments over 50 floors.
_Panoramic views of the Athens Riviera, the Acropolis, and Cape Sounio.
_Biophilic design with a vertical green spine.
-High energy efficiency: KENAK A+ rating.
_Use of renewables: 1,750 m² of PV panels.
_Reduced embodied carbon via low-carbon materials.
_Planting of 22,000 plants and 470 trees.
_Airflow simulation study.
_400 EV charging points.

2. Park Rise

Park Rise, a landmark building of Little Athens, was designed by the acclaimed architectural firm Bjarke Ingels Group (BIG) as an interconnected community. The project aims to achieve LEED BD+C New Construction “Gold” certification.

Key features:

_50 meters tall.
_88 residences with panoramic views.
_Aligned with the EU Taxonomy.
_High energy efficiency: KENAK A+ rating.
_Renewable energy: 790 m² of PV panels.
_Stormwater management systems.
_Planting of 20,000 plants and 250 trees.
_Potable water reduction: 45% indoors, 52% outdoors.
_Best-practice materials for superior indoor air quality.

Best-practice materials for superior indoor air quality.

3. The Ellinikon Mall

Designed by world-renowned architecture firm AEDAS, The Ellinikon Mall features an innovative hybrid design, integrating open and closed spaces with abundant natural light. The project will offer a premier consumer experience and cutting-edge leisure, innovation, and tech environments across four levels and 185,000 m² of total built area. In April 2023, it received LEED Gold pre-certification, with early construction works beginning in September 2023.

Key features:

_280 retail stores.
_100,000 m² leasable area.
_EU Taxonomy alignment.
_High energy efficiency: KENAK A (nZEB -20%).
_Renewable energy: 8,770 m² of PV panels.
_Reduced embodied carbon through low-carbon materials.
_Potable water savings: 40% indoors, 55% outdoors.
_Green roofs and planted areas: 32,700 m².
_Microclimate improvement.
_Best-practice materials for healthy indoor air.

4. Riviera Galleria

Designed by the internationally recognized firm Kengo Kuma and Associates in collaboration with BETAPLAN, Riviera Galleria aims to become an iconic architectural destination at the new Agios Kosmas Marina, attracting visitors from Greece and abroad. In December 2022, the project achieved LEED Gold pre-certification, adhering to high standards of sustainable design.

Key features:

_100 retail units.

_19,000 m² of leasable space.

_EU Taxonomy alignment.

_High energy efficiency: KENAK A+.

_Renewable energy: 3,880 m² of PV panels.

_Potable water savings: 46% indoors, 53% outdoors.

_Green roofs and planted areas: 25,800 m².

_Microclimate improvement.

_Superior indoor air quality using best-practice materials.

Superior indoor air quality using best-practice materials.

5. The Cove Residences

Designed by ISV Architects and Bobotis + Bobotis Architects, The Cove Residences is a family-friendly residential project near the coastal zone. It is among the first in Greece pursuing LEED BD+C New Construction certification for low-rise multifamily homes.

Key features:

_3 floors.
_115 apartments and duplexes.
_EU Taxonomy alignment.
_High energy efficiency: KENAK A+.
_Renewable energy: 1,230 m² of PV panels.
_Planting of 51,050 plants and 660 trees.
_Potable water savings: 50%.
_High indoor air quality using best-practice materials.

The development of sustainable buildings — across their design, construction, and operation — is a complex process that requires close collaboration with a wide range of stakeholders, including, but not limited to:

The State and Regulatory Authorities

Suppliers, Partners, and Contractors

The international certification body for LEED, the U.S. Green Building Council (USGBC)

Στη διαδικασία πιστοποίησης συμμετέχουν το Project Team των εργαζομένων της Εταιρείας.

Metropolitan Pole of Elliniko – Agios Kosmas

The development of sustainable buildings at The Ellinikon is underway. In the description of the initiative we present the results from the completed PwD building. The main results/impacts of this initiative are expected to promote:

_High energy efficiency, reduced by 40% compared to the reference building.

_Use of renewable energy sources, PVs of 280 sq.m.

_Reduction of potable water use by 45% indoors and by 60% outdoors.
_Recycling of waste by 95% during construction.
_Use of materials with recycled content 30% of the total cost.

As one of Greece’s leading companies, LAMDA Development considers environmental responsibility as a key pillar contributing to business growth and competitiveness.

More specifically, the main benefits for the organization include:

Environmental benefits:

_Reduction in energy consumption
_Decrease in CO₂ emissions and other pollutants
_Efficient use of water resources
_Waste reduction during construction and operation
_Use of environmentally friendly materials

Social benefits:

_Improved indoor environmental quality
-Health and well-being of building users
_Accessibility and safety for all users

Economic benefits:

_Reduced operating costs
_Increased property value and attractiveness to tenants or buyers
_Eligibility for subsidies or tax incentives
_Enhanced investor confidence
_Strengthened corporate reputation