Specifically, a new store recently opened in Paralimnio, Ioannina, within the "The Lake Center" shopping mall. The new store, featuring 1,100 sq.m. of retail space, is the twelfth to operate in the region, further strengthening Sklavenitis’ presence in Ioannina.
According to sources close to the company, this development move is part of the company’s overall investment plan, which focuses on expanding its store network throughout Greece.
In 2023, the group invested approximately €119 million in network expansion, new stores, renovations, and the enhancement of logistics infrastructure. For the 2024–2025 period, an investment plan of around €280 million has been scheduled.
The investments concern logistics infrastructure, including the creation of a distribution center exceeding 125,000 sq.m. in Attica, as well as renovations of existing stores and facilities (including digital upgrades and energy efficiency improvements).
However, the company’s major “bet” lies in the investment in the former Pitsos factory, which represents a significant strategic step—not only as an extension of its stores but also as a transition toward broader real estate/multi-purpose spaces. With estimated capital exceeding €100 million and a projected completion date by 2026, this is a high-risk yet high-potential investment. The conversion of the well-known industrial property into commercial and recreational space requires careful scheduling and approval of environmental and cultural conditions (e.g., designation as a modern heritage site).
The project marks Sklavenitis’ entry into real estate and urban redevelopment, extending its scope beyond pure retail food sales.
