target audience: TECH SUPPLIER Publication date: Sep 2024 - Document type: Market Perspective - Doc Document number: # US52092324
The Ellinikon, Europe's Largest Urban Redevelopment Project: An Interview With Lamda Development's Smart City Team
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Abstract
This IDC Market Perspective highlights The Ellinikon, one of Europe's largest urban redevelopment initiatives. The project aims to transform the former Athens International Airport into a smart, green city district. Led by Lamda Development, this ambitious project integrates advanced smart city technologies across various domains — including infrastructure, connectivity, mobility, and energy — to create a sustainable and efficient urban environment. The initiative not only sets new benchmarks for smart cities globally, but it also highlights the emerging role of real estate developers in leading such innovative urban projects.
"Some of the most interesting smart city initiatives are now being led and orchestrated by real estate developers as well as AEC and CRE companies. They have been able to quantify the direct and indirect value of integrating a digital layer into buildings and cities and are starting to build out their own smart city teams and specialists," said Louisa Barker, senior research manager, IDC Government Insights, Europe.