30 Sep 2026
EKTER signs €155M contract for 159,000sqm warehouse project in Magoula
- RE+D Magazine
EKTER S.A. has signed a new major contract with a total value of €155 million plus VAT with “Privileged Anonymous Company of General Warehouses of Greece Single-Member S.A.” (P.A.E.G.A.E.), further strengthening the group’s backlog.
The contract covers the design and construction of the expansion of P.A.E.G.A.E.’s warehouse facilities in Magoula, at the “Plakoto” site within the Municipality of Elefsina.
The project provides for the construction of five new warehouse buildings, with a total area of approximately 159,000 sq m, as well as all the necessary works for the development and configuration of the surrounding area.
This is a large-scale project that further strengthens EKTER’s presence in the construction sector, particularly in infrastructure linked to the needs of the supply chain and modern warehousing facilities.
The contractual fee has been set at €155 million plus VAT on a lump-sum basis, while the overall completion period is 40 months from the date of contract signing.
Backlog Reaches €412.1 Million
The new contract has an immediate impact on EKTER’s construction backlog. Following its signing, the company’s backlog of public and private projects, undertaken either independently or through its participation in joint ventures, stands at €412.1 million.
The new agreement therefore adds a significant volume of work to the company’s portfolio, securing construction activity for the coming period.
The contract was signed on 30 September 2026, with EKTER disclosing the agreement to investors in accordance with Regulation (EU) 596/2014 and the Athens Exchange Regulation.