Mall owners in Attica are expanding their assets

Mall owners and managers have turned their attention to expanding as well as reconstructing their existing assets, with four such projects currently under way in Attica alone. The total value of these projects comes to more than 80 million euros. Their aim is to keep shopping centers created in previous years up to date, and to consolidate their market shares in view of the creation of new-generation malls in Attica expected to start operating between 2023 and 2025.

The first expansion project concerns Smart Park at Spata, owned by REDS, an Ellaktor subsidiary. Some 15,500 square meters of additional store space is expected to come into use within this fall, considerably strengthening the prospects of this shopping development that will reach a total leasable space of over 51,000 sq.m.

The total investment by REDS in the extension of Smart Park comes to 26 million...