Shopping malls offer Greece bags of potential

The Greek property sector is growing thanks to a surge in retail development. Concurrent capital markets’ liberalisation has allowed investors and developers greater access to the equity and debt markets. Phil Moore reports.

Until recently, Greece remained the final stronghold for the traditional corner shop in the European Union. That all changed in November 2005, when the country fell into line with the rest of the EU and opened its first big shopping complex.

The Mall Athens, a 58,500-metre square retail centre initiated by Lamda Development, offers Greek shoppers access to more than 200 shops, 25 restaurants and 15 cinemas, and has clearly captured the imagination of the public as well as developers and investors.

Access intelligence that drives action

To unlock this research, enter your email to log in or enquire about access