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Greece

This new center will be responsible for distributing IKEA products in Central and Eastern Mediterranean countries.

The complex spans over an area of 31,687 sq.m. and features 15 buildings, most of which have been designated as monuments.

The project is about 35% complete and the new trains are expected to enter service in early 2025 with semi-automated operation initially.

The average Revenue per available rental night (RevPAR) in 2023 was €90, which shows a 9.8% year-on-year increase and an incredible 36.8% increase from 2019.

The concession period is 35 years, of which up to five (5) years (up to 60 months) is the design-construction period.