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Lamda Development said that it plans to list its shopping mall business

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Lamda bought a 50% stake in The Mall Athens from HSBC Properties for EUR 175mn holding now 100%.

 

The company said during yesterday’s AGM that it will transfer this specific mall along with two other to Lamda Malls and it will subsequently list the company.

 

No timeframe for the listing was given.

 

Lamda Malls is 32% owned by Varde Partners, which bought its stake in April.

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