Lamda Development to acquire a 31.7% stake in Lamda Malls from Varde Partners for $116m.

Lamda Development, a holding company specializing in the development, investment and management of real estate in Greece, agreed to acquire a 31.7% stake in Lamda Malls, a Greek mall owner, from Varde Partners, a private equity firm, for $116m. "Over the last five years we have worked closely with Lamda Development to successfully unlock value and help the assets realize their potential," Tony Iannazzo, Varde Partners Senior Managing Director.