It is an area of 412 acres, which includes buildings with a total surface area of 78,500 sq.m., where Intertan S.A. will install its new offices, its production units and it will create a state-of-the-art logistics center of European standards, which will cover not only the Company’s existing needs in storage and product handling areas, but also its future expansion plans.
It is worth noting, that this is a “historic” complex of facilities, where in the past “Athens Pipeworks” and “Hellenic Pipeworks” operated in succession.
Intertan S.A. will proceed to a total redevelopment of the land and the buildings, with respect to the natural environment and the historicity of the site, with the main focus on “green” energy and aiming to minimize the environmental footprint. This philosophy is perfectly in line with the Company’s own DNA and is another opportunity to put its motto #make_the_difference into practice.
The investment for the purchase of the property amounted to €6 million, while according to the Company’s budget another €10 million will be invested for the implementation of the entire redevelopment projects.
