The Hellinikon, a new way of living in Athens
Athens
has always been an attractive destination, for holidays, for business, for
education, and for investment. The combination of Mediterranean climate,
fascinating historical treasures, culture and gastronomy all contribute to the
wealth and multifaceted attractions of Athens. And now, a new project will add
yet another dimension to the appeal of the Greek capital, and it goes by the
name of HELLINIKON.
Where and what
The
Hellinikon is by the largest urban regeneration project in Europe, destined to become a
vibrant lifestyle destination. Located just 11km from the city centre of Athens
and the Acropolis, 17km from Piraeus port, and 30km for Athens airport, the
project’s site covers a total area of 6.2million
sqm, with a coastline of 3.5km.
A
closer look at the master plan reveals a microcosm of Athens, only better,
smarter, greener and more attractive. Zoom in and you will identify the
following different areas:
- A
business District for the contemporary business community
- A
retail district that promises to be the new retail destination of Athens
- Residential
districts featuring green homes
- The
regenrated marina district which is destined to become an international
yachting destination
- Hotels
to accommodate tourists in this new and magnetic environment
- A 2 million sqm Metropolitan Park, the largest
coastal park in Europe, set to rival London’s Hyde Park and New York City’s
Central park in size, beauty and functionality
- 600,000 sqm of communal
green and open spaces
- Music, culture, and art venues
- Leisure
and entertainment venues for everyone
- Restored coastal front, fully accessible to
the public, including a 1km free-access beach
Getting
around at Hellinikon is easy, as public transportation includes metro, tram,
bus lines across the huge development. For those who enjoy walking, strolling
and cycling, plans include a 50km network of paths for pedestrians and
cyclists.
Boosting the economy
What
a project of this size means for Athens and the economy of Greece in general
cannot be overstated. With a total investment value of €8 billion, and apart
from the incalculable benefits to the environment and society, the Hellinikon is
expected to generate some 10,000 jobs during the construction period alone, and
some 75,000 jobs for operation after completion. Expected revenue from taxes is
estimated at €14 billion, and the project’s estimated contribution to GDP is
around 2,4%.
In
the long term, the Hellinikon project will also reinforce boost year-round
tourism to Athens, both domestic and international. In fact, analysts foresee
that this project alone will add some 1 million tourists to the current number
of arrivals, while extending the stay of visitors and increasing their holiday
spending.
Making it happen
The
landmark project is the brainchild of Lamda Development, and will be undertaken
with the support of the Global Investment Group, an international consortium
comprising the Chinese conglomerate Fosun Group, Eagle Hills from the United
Arab Emirates, and Latsis Group of Greece. According to government officials,
plans are moving in the right direction, and work is expected to begin in 2019.
Given
all the benefits mentioned above, it is not surprising it anticipated with
great enthusiasm, as the public, entrepreneurs and investors recognize its
value and appeal as a lifestyle destination, and a powerful magnet in Attica.
For more details, visit https://thehellinikon.com/
