Riviera Tower: reviews and facts
What is published about Riviera Tower in Ellinikon (former Elliniko airport), Athens Riviera, Greece, what official registers and other sources say, and what changed over time. Facts only, each with its source.
- Developer
- Lamda Development iefimerida.gr
- Location
- Ellinikon (former Elliniko airport), Athens Riviera, Greece
- Stage
- under construction · sold out iefimerida.gr
- Handover on record
- Q3 2027 iefimerida.gr
- Permit or licence number
- not published
- Deposit protection
- not researched yet
- Page we read
- iefimerida.gr iefimerida.gr
- Last checked
- 5 Nov 2026
- Open data record
- GRC-001
In short
- Riviera Tower is listed as under construction in Ellinikon (former Elliniko airport), Athens Riviera, Greece, by Lamda Development. iefimerida.gr
- The handover date on record is Q3 2027. iefimerida.gr
- No permit or licence number is published in the sources we read. lamdadev.com
- Of 12 developer claims we checked, 7 are confirmed by a register or an independent source, 3 are not yet verified and 2 are contradicted by another source. Open data record
- The handover date moved 1 times in our records, by 9 months in total. promise tracker
What is promised
As published by the developer or on listing pages, in the wording of the source.
- Units: 170 iefimerida.gr
- Unit types: 2BR, 3BR, 4BR, penthouse iefimerida.gr
- Ownership: Freehold title open to foreigners in Greece; about 40% of Ellinikon homes sold to foreigners per Lamda iefimerida.gr
- Permit authority: Hellenic Ministry of Environment and Energy / urban planning services (special Ellinikon framework) iefimerida.gr
- Construction start: May 2023 iefimerida.gr
- Handover promised: Q3 2027 iefimerida.gr
- Original handover date: 2026 (contractor page as reported by GreekProps) iefimerida.gr
- building permit issued August 2022 (date only, no number) lamdadev.com
- foundations completed October 2023 lamdadev.com
- 44th floor reached March 2026, triggering a c. EUR 60m contractual payment (Lamda annual report 2025) lamdadev.com
- 50th floor and full 200 m height reached (Q1 2026 results call, July 2026) lamdadev.com
- delivery to owners targeted summer 2027 lamdadev.com
- architect Foster + Partners with Tombazis; engineer Buro Happold; contractor Bouygues Batiment International / AKTOR JV lamdadev.com
- LEED Gold target lamdadev.com
- all apartments sold before construction lamdadev.com
Delivery and delay record
Every dated promise we found, how it changed and whether the date has passed. Status rules: promise tracker.
- Handover or completion: Q3 2027 date moved later · moved 1 times, 9 months in total
developer or listing page, copy of 5 Nov 2026 (SHA-256 a8fd518b9e9d3e46) · Earlier dates on record: 2026 (1 Nov 2026) iefimerida.gr
Permits and licences
- No permit or licence number is published in the sources we read.
- Press reports the building permit was issued in August 2022 after a multi-ministry approval, but no permit number is published by Lamda or the press lamdadev.com
Live check in the official registers
Queries the official registers we can reach for this country now and shows what each returns. Each answer is hashed (SHA-256); nothing is invented, a register with no data says so.
The six buyer checks
Public means the information is published. The level says who confirms it. Method: how we score.
| Check | Public | Who confirms it | What we found |
|---|---|---|---|
| Permit or licence number | no | confirmed by an independent source | Press reports the building permit was issued in August 2022 after a multi-ministry approval, but no permit number is published by Lamda or the press lamdadev.com |
| Deposit protection | no | not published | No escrow, bank guarantee or deposit protection published; Greece has no mandatory off-plan escrow and none is stated lamdadev.com |
| Construction progress | yes | confirmed by an independent source | Dated milestones published by Lamda in audited annual report and results calls: foundations Oct 2023, 44th floor Mar 2026, 50th floor / 200 m mid-2026; a portal summary of the H1 2026 call quotes about 70% complete lamdadev.com |
| Floor or site plans | no | not published | No floor plans found for the tower; units are sold out and marketed only through press lamdadev.com |
| Developer track record | yes | confirmed by an independent source | Lamda is listed on the Athens Exchange with audited accounts; it has built and operates several malls and marinas, though Ellinikon homes will be its first large residential deliveries lamdadev.com |
| No guaranteed returns | yes | not published |
Developer claims we tested
| Claim (source wording) | Result | Checked against | Source |
|---|---|---|---|
| Building permit issued in August 2022 | verified | independent | iefimerida.gr |
| Building permit number published | not verified yet | iefimerida.gr | |
| Structure reached 50 floors / 200 m | verified | independent | exa.ai |
| 44th floor milestone in March 2026 triggered a c. EUR 60m contractual payment | verified | independent | lamdadev.com |
| All apartments sold out before construction | verified | independent | naftemporiki.gr |
| Number of apartments: 170 | contradicted | independent | naftemporiki.gr |
| Average price about EUR 3.66m per unit and EUR 14,036/m2 (Axia data, 171 units, EUR 626m) | verified | independent | instanews.gr |
| Delivery to owners in summer 2027 | not verified yet | independent | ot.gr |
| Contractor Bouygues Batiment International / AKTOR JV, design Foster + Partners | verified | independent | iefimerida.gr |
| Developer is a listed company with audited accounts | verified | independent | lamdadev.com |
| Building costs rose after units were sold, margin below target (developer risk, not buyer) | not verified yet | greekprops.com | |
| Contractor page earlier showed 2026 delivery, now summer or end 2027 | contradicted | greekprops.com |
What changed, with dates
- 5 Nov 2026 · Hourly page check: developer page says permits are obtained but publishes no permit number (checked 08:05 UTC) (SHA-256 a8fd518b9e9d3e46...) iefimerida.gr
- Fingerprint of the developer page text on 5 Nov 2026: SHA-256
a8fd518b9e9d3e46.... Anyone can check it on kolaboro.com/verify. kolaboro.com/verify - Satellite comparison (Sentinel-2, same season a year apart) on 5 Nov 2026: no visible change, 0% of the area changed. kolaboro.com/satellite
Public reports
What public sources report, with the link. We list reports; we do not judge the developer.
- No reports of disputes, regulator action, stoppages or financial difficulty found in the sources we read.
About the developer
- Founded: 1977 iefimerida.gr
- Head office: Maroussi, Athens, Greece iefimerida.gr
- Legal entity: LAMDA Development S.A. (Athens Exchange: LAMDA) iefimerida.gr
- Listed or audited: Listed on Athens Exchange; audited annual report 2025 published iefimerida.gr
- Lamda is listed on the Athens Exchange with audited accounts; it has built and operates several malls and marinas, though Ellinikon homes will be its first large residential deliveries iefimerida.gr
Other projects by Lamda Development that we track
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- Promenade Heights (The Ellinikon, Little Athens) Greece · under construction
Market context: Greece
- We track 12 projects in Greece. 8% publish a permit or licence number and 0% state deposit protection. kolaboro.com/m
Buyer reviews
There are no verified buyer reviews of Riviera Tower yet. We publish a review only from a buyer who proves the purchase (fingerprint of the contract or receipt, signed with a passkey) and only after a moderator has read it.
Reviews waiting for moderation are not shown.
Right of reply
Are you the developer? Send documents and we add your reply to this page. Found a wrong fact? Tell us and we correct it with a dated note.
Reply as the developer Report a correction Questions to ask the developer
Before you pay
Paste the project link for a free live check of what official registers say. For a full desk review and a site visit by a local agent, order the pre-purchase check.
Questions buyers ask
Is Riviera Tower legit?
Kolaboro does not label projects or developers. What the public record shows: No permit or licence number is published in the sources we read. Of 12 developer claims we checked, 7 are confirmed by a register or an independent source, 3 are not yet verified and 2 are contradicted by another source. The handover date on record is Q3 2027. No reports of disputes, regulator action, stoppages or financial difficulty found in the sources we read. Check the sources on this page and ask the developer for documents before paying.
When will Riviera Tower be delivered?
The handover date on record is Q3 2027. The handover date moved 1 times in our records, by 9 months in total.
Who is the developer of Riviera Tower?
Lamda Development, according to the sources listed on this page.
Does Riviera Tower have a permit or licence?
No permit or licence number is published in the sources we read.
Are there reviews of Riviera Tower?
There are no verified buyer reviews yet. Buyers who prove their purchase can submit one; it is published after moderation.
Sources
Every fact on this page links to its source. Pages we read are fingerprinted and kept by date.
- iefimerida.gr https://www.iefimerida.gr/english/greeces-tallest-residential-tower-reaches-full-200-meter...
- lamdadev.com https://www.lamdadev.com/sites/default/files/2026-06/ld-annual-report-2025-1.pdf
- exa.ai https://exa.ai/library/markets/stocks/LAMDA/earnings/FY2026/Q1/transcript
- instanews.gr https://instanews.gr/103253/ellada/meso-megethos-261-t-m-poso-kostizoyn-oi-polyteleis-kato...
- athens24.com https://www.athens24.com/news/ellinikon-draws-17000-buyer-inquiries-from-110-countries-who...
- greekprops.com https://www.greekprops.com/areas/riviera-tower-athens/
- naftemporiki.gr https://www.naftemporiki.gr/english/1974054/the-ellinikon-delivery-of-important-projects-w...
- naftemporiki.gr https://www.naftemporiki.gr/english/2076853/riviera-tower-the-tallest-green-residential-sk...
- ot.gr https://www.ot.gr/2026/03/07/english-edition/lamda-development-riviera-galleria-ready-in-s...
Last checked 5 Nov 2026. How we collect data: data policy. Facts quoted from sources are shown in the language of the source.