European high street overtakes New York City’s Fifth Avenue as the world’s most expensive retail destination

The preferred investor will be responsible for the financing, design, licensing, development, construction, operation, maintenance, and exploitation of the Business Park on the former Gkonou Military Base.

The Property has a gross building area of 49.000 sq.m. on a land plot of 36.000 sq.m.

Hellenic Hypermarkets Sklavenitis represents over 10% of the rental income generated by the Real Estate Investment Company (REIC).

€215 million have been transacted only in Attica.

Empira Group plans to comprehensively modernise these buildings and modify them to meet current energy-efficiency requirements.

The biggest expansion in more than a decade.

The deal aims to further expand its store network and e-commerce in Southeast Europe.

The buyer is Mutualidad de la Abogacía, a non-profit insurance company for lawyers and engineers in Spain.