Major discount store chain opens in Greece

The Pepco chain of stores comes to Greece. The first store will open in October 2022 at Piraeus Retail Park. This is a strategic partnership between the Pepco Companies and the FOURLIS Group.

Piraeus Retail Park is located in the southwestern suburbs, at the intersection of Piraeus and Kifissos streets, on the border of the municipalities of Moschato, Renti and Neo Faliro. The territory of the commercial division is a plot of 14,895 sq.m (with a commercial area of ​​13,300 sq.m. and 280 underground parking spaces).

There are currently 4 networks of large commercial groups operating in our country (AB Vassilopoulos, McDonald’s, Moustakas, LC Waikiki), and by the end of 2022, 6 more new concepts of international and Greek companies will be opened, representing a wider retail sector.

Mr. Dimitris Papoulis, Member of the Board of Directors of Trade Estates and Chairman of the Investment Committee, said: “We are very pleased with the opening of the first Pepco store in Greece at the Piraeus Retail Park of Trade Estates. Following Pepco and the impressive performance of its business model, as well as its growing growth in southeastern Europe in recent years, we are confident in the company’s indispensable success in Greece. We look forward to developing a multifaceted relationship through which we will announce many new joint projects.”

The goal of Trade Estates AEEAP is to create exciting commercial developments based on:

• easy and quick access for visitors,
• meet the basic needs of the family,
• offer products at competitive prices.

Adhering to the principles of sustainable development, the company aims to become a leading real estate investment and management company specializing in commercial parks (malls, Mall) in Greece, Cyprus and Bulgaria.

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