Lamda Development and Trade Estate have signed the notarial contract for the sale of the retail park within the commercial hub for a total price of €31 million.

As Lamda said in a statement, the total transaction price amounts to €31m, with the total investment estimated at €75m. With the signing of the notarial preliminary agreement, an advance payment of €4.5 million has already been made, while under the parties' agreement, 75% of the total price is expected to be paid within 2025 and the remainder upon completion of the project.

The Retail Park will include large format stores ("Big Boxes"), with international tenants such as IKEA, and will contribute to the development of a new generation state-of-the-art shopping destination in Elliniko.

Combined, the Ellinikon Mall and the Retail Park will make a key contribution to the retail sector, offering consumers unique shopping spaces with international brands. The completion of these two developments will take place on a single schedule, ensuring their simultaneous opening.