Buildings, plots and stake holdings in companies will be transferred to AssetsCo and its subsidiary European AssetsCo, while the consolidation plan envisages the relocation of stores and the renegotiation of rents.

B2R Law, CSWP, Dentons, CMS and Gleeds advised in this transaction.

The company said sales soared 95% in December, compared with December 2020.

The project is co-financed by the European Regional Development Fund (ERDF) of the European Union and from national resources.

Las Mercedes Retail Park is also located close to the airport and the A-2, M-11 and M-21 motorways.

The company focuses on areas in the Southern Suburbs and is in talks for a new space in Thessaloniki.

The successful bidder in the tender process for the historic property by Folli-Follie offered more than € 25 million.

The property has a total leasable area of 21,000sqm and is not comprised in the firm’s list of properties that are to be liquidated.