Project Management report from Athens


HELLINIKON – a 10 billion Euros project in Greece: The largest urban regeneration project in Europe!

By Theofanis Giotis

Athens, Greece


Short history of Hellinikon Airport

Hellinikon airport started construction in 1938 and remained the only commercial airport for Athens, Greece until 2001 (https://en.wikipedia.org/wiki/Ellinikon_International_Airport). After 27th of March 2001, a new airport started operating in Athens named Eleftherios Venizelos (Athens  International Airport – AIA) (https://en.wikipedia.org/wiki/Athens_International_Airport) replaced the old Hellinikon airport.

Since 2001, all Greek governments had in mind to make investments on the area of old Hellinikon airport which totals 6,008,677.00 square meters (m2) (1,484.77 Acres) and it is considered to be one of the best land properties in Europe. Now we are at the final stages of Hellinikon privatization.

Memorandum of Understanding for Hellinikon

On 7th of June 7, 2016, a Memorandum of Understanding (MoU) was signed between the Hellenic Republic Asset Development Fund SA, HELLINIKON Global I. S.A. and Lamda Development S.A.

The Memorandum of Understanding amends the existing Share Sale and Purchase Agreement of HELLINIKON S.A. of 14.11.2014, in which important technical features of the Hellinikon former airport’s redevelopment are delimited so that the Project is fully aligned with the expectations of the citizens, the local communities and the wider region of metropolitan Athens.

Τhe President of the Hellenic Republic Asset Development Fund SA, Mr. Stergios Pitsiorlas and the C.E.O. Mr. Odisseas Athanasiou of Lamda Development S.A sign the memorandum.

This MOU agreement, which specifies all the basic design requirements and economic parameters of the Project is a milestone because it provides the opportunity to accelerate all procedures for commencing the project that will become the largest urban regeneration throughout Europe for the coming years.


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About the Author


Athens, Greece


Mr. Theofanis Giotis
(BA, MSc, Ph.D. C., PMP, PMI-ACP, PRINCE2 Practitioner, PRINCE2 Trainer, CTT+, CSM) is CEO of ITEC CONSULTING (12PM CONSULTING) (1988-now), Co-Founder and first President of PMI-GREECE Chapter (2005-2014) and Deputy BoD member of PMI-GREECE Chapter (2014-2016).

Theofanis has 27 years of professional experience in Project, Program and Portfolio Management, Economics and Management. As an entrepreneur, consultant, international speaker and trainer, Theofanis has worked in different cultural environments in EMEA region. Since 1992, he was heavily involved in Project Management as part of a team to setup the first PMO in Greece for managing a €200 million programme with 16 projects.

Since 1987 he has managed hundreds of projects in the EMEA region using plan driven (waterfall) and change driven (agile) approaches. He has envisioned, planned, designed, developed & implemented hundreds of projects with 22.000+ consulting and training hours.

He has given 150+ presentations worldwide in ICT & Project Management and has passed more than 80 professional certifications. Since Sept. 2005, he has published more than 150 articles for Project Management.

Theofanis holds a BA in Economics from University of Athens, Greece, a MSc in Management (O.R.) from Lancaster University, UK and he is a Ph.D. candidate in Project Management at University of Piraeus. Also he holds a Computer Programming/Systems Analysis degree from ACE College, Greece. He was certified as a PMP in 2004 and graduated from PMI Leadership Institute Masters Class (LIMC) in 2007.

Theofanis serves as the International correspondent of PM World Journal and PM Ambassadors in Greece. Also he is a member of PMI, IEEE, ISACA & AMACON.

Since 2001, he has taught 200+ Project Management courses (PMP, Agile, Scrum) with 2000+ attendees. As of July 2010, he has trained over 35% of all Greek PMPs.

He is an adjunct professor at four Greek Universities teaching Project, Program and Portfolio Management at MBA level. Also he represents Greek Standardization Organization (ELOT) at ISO TC 258 for Project, Program and Portfolio Management Standard. Theofanis can be contacted at Theofanis.Gio[email protected]

To view other works by Theofanis Giotis, visit his author showcase in the PM World Library at http://pmworldlibrary.net/authors/mr-theofanis-giotis/