Intracom Holdings partners with Ten Brinke in €41.5 million Ellinikon land acquisition

Intracom Holdings announced the purchase of two parcels (A‑P2.17 and A‑P2.18) in the Ellinikon redevelopment area from Lamda Development for a total price of €41.5 million. The parcels, covering 20,897 m² with a maximum buildable area of 15,673 m², will be held through Ten Brinke Hellas‑controlled subsidiaries—TenPlatinum Properties and TenElite Properties—in which Intracom holds roughly 42.85 % of the share capital.

The transaction marks the start of a joint real‑estate project that will erect horizontal properties on the sites, which Intracom plans to market for profit. Lamda Development expects a pre‑tax accounting gain of about €31 million from the sale. In its statement, Intracom described the deal as “a substantial step in the implementation of its investment plan, confirming its commitment to projects with strong fundamentals, high value‑addition prospects and attractive returns.”