Lamda Development Appoints Evi Kostaki as New CEO
Odysseas Athanasiou steps down after 18 years, while Evi Kostaki takes the helm of Greece's leading property group.
- Lamda Development announced Evi Kostaki as CEO starting January 1, 2027.
- Kostaki succeeds Odysseas Athanasiou, who led the company for 18 years.
- The Ellinikon urban regeneration project is transitioning from construction to delivery.
For international investors and Israelis following the Greek property market, executive changes at Lamda Development highlight the ongoing maturation of major urban projects. Ensure you consult professional advisors for timely updates on delivery schedules in Athens. This is general information and not financial advice.
Leadership Transition at Lamda Development
LAMDA Development has announced that Evi Kostaki will assume the role of chief executive officer on January 1, 2027. She succeeds Odysseas Athanasiou, who is stepping down after 18 years as CEO and 21 years with the company.
Athanasiou guided the developer through complex economic challenges, including Greece's financial crisis, and played a central role in advancing the Ellinikon urban regeneration project in Athens. Under his tenure, the company's total assets and net asset value expanded substantially.
Professional Background of Evi Kostaki
Kostaki brings over 25 years of international experience in financial management, strategy, and asset management. Most recently, she served as Group Chief Financial Officer and Executive Board member at Swiss banking group Julius Baer. Her earlier career includes senior roles at the National Bank of Greece, Eurobank EFG, and various financial institutions in Athens, New York, and Connecticut.
Next Phase for Ellinikon
As Kostaki prepares to take over, she outlined priorities that include maintaining financial discipline, fulfilling commitments to customers and the Greek state, and growing recurring revenues from shopping centres and marinas.
Importantly, the Ellinikon project is shifting from construction toward the delivery phase, with the first residents expected to arrive within the next two years. Athanasiou will retain his shareholding in the company and transition to an advisory role focusing on institutional relations.
What This Transition Means for Property Buyers in Athens
For international investors and Israelis following developments in Athens, executive transitions at major firms signal a shift toward execution and delivery. As the Ellinikon project moves from construction into the handover phase, staying in close contact with your legal and professional advisors is essential. Always verify delivery schedules and official updates directly with the developer or your authorized representatives, as timelines for large-scale urban projects can evolve. This is general information and does not constitute financial or legal advice.
FAQ
When does Evi Kostaki officially take over as CEO of Lamda Development? She will assume the role of chief executive officer on January 1, 2027.
When are the first residents expected to move into the Ellinikon project? The first residents are expected to arrive within the next two years as the project shifts toward the delivery phase.
What will Odysseas Athanasiou do after stepping down as CEO? He will retain his shareholding in the company and transition to an advisory role focusing on institutional relations.
