Yialou Retail Park
REDS is developing the Yialou Retail Park in the area of "Yialou", Greater Athens.
Yialou is located 15 km from the center of Athens and has a catchment area of 1.6 million (within 30 mins). It will be the largest retail park in Greece.
Retail Parks often lack "atmosphere" and design. Yialou will provide a different, more welcoming experience to the retail park visitor.
It will include a hypermarket, DIY, toy, furniture, electrical and other stores, and will be adjacent to Greece's first McArthur Glen Outlet Center (a plot agreed to be sold to McArthur Glen by REDS). DEVELOPMENT TYPE: Retail Park LOCATION: Yialou, Greater Athens COMPLETION: 2009 SITE AREA: 91.000 m2 GBA: 54,600m2 GLA: 53,600 m2 COMMERCIAL VALUE: € 110 million PARKING LOTS: 1600
In 2007 a pre-agreement was signed with Henderson Global Investors Limited for the sale of Yialou Retail Park, to be developed by REDS.
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Elefsina Center
This center, located in Attica's western suburb Elefsina will not only cater for the undersupplied local area, but its excellent access via the National and Attiki Odos Motorways enlarges the catchment area hugely.
The retail center will comprise of both large and small retail units, as well as cafeterias and restaurants. Development Type: Retail Center Location: Elefsina, Western Attica Completion: 2009 GBA: 15.000 m2 GLA: 9.400m2 Commercial Value: € 20 million Parking Lots: 300
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Academia Platonos
One of REDS' more recent acquisitions is a site at Academia Platonos. Academia Platonos is located in the Athens Historical Center very close to the new location of the Athens Stock Exchange. The site, at this fast-developing area of Athens, will be formed into prime modern office space.
The offices in Academia Platonos are part of a real estate development framework that will give new dimensions to the business pulse and urban life of Athens.
The project involves high-standard office buildings, of which business life in the Athens' center is lacking, with essential modern facilities consistent with the requirements for Grade A office space. DEVELOPMENT TYPE: Offices LOCATION: Athens, CBD COMPLETION: 2009 GBA: 19.000m2 PARKING LOTS: 380 COMMERCIAL VALUE: € 50 million
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Athens Metropolitan Expo
In Autumn 2007, REDS S.A. announced its 11,7% participation in the share capital of the company "Athens Metropolitan Expo S.A." which - through a concession agreement will develop and operate the new Exhibition & Conference Centre at premises of the Athens International Airport.
Athens Metropolitan Expo will be the capital's largest Exhibition and Conference Center. DEVELOPMENT TYPE: Exhibition and Conference Center LOCATION: Athens International Airport, Spata COMPLETION: 2008 PLOT SIZE: 140.000 m2 GBA: 55.000 m2 GLA: 45.000 m2 No. EXHIBITION HALLS: 5 No. CONFERENCE HALLS: 6
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www.reds.gr
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More to come so stay tuned
REDS is developing the Yialou Retail Park in the area of "Yialou", Greater Athens.
Yialou is located 15 km from the center of Athens and has a catchment area of 1.6 million (within 30 mins). It will be the largest retail park in Greece.
Retail Parks often lack "atmosphere" and design. Yialou will provide a different, more welcoming experience to the retail park visitor.
It will include a hypermarket, DIY, toy, furniture, electrical and other stores, and will be adjacent to Greece's first McArthur Glen Outlet Center (a plot agreed to be sold to McArthur Glen by REDS). DEVELOPMENT TYPE: Retail Park LOCATION: Yialou, Greater Athens COMPLETION: 2009 SITE AREA: 91.000 m2 GBA: 54,600m2 GLA: 53,600 m2 COMMERCIAL VALUE: € 110 million PARKING LOTS: 1600
In 2007 a pre-agreement was signed with Henderson Global Investors Limited for the sale of Yialou Retail Park, to be developed by REDS.
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Elefsina Center
This center, located in Attica's western suburb Elefsina will not only cater for the undersupplied local area, but its excellent access via the National and Attiki Odos Motorways enlarges the catchment area hugely.
The retail center will comprise of both large and small retail units, as well as cafeterias and restaurants. Development Type: Retail Center Location: Elefsina, Western Attica Completion: 2009 GBA: 15.000 m2 GLA: 9.400m2 Commercial Value: € 20 million Parking Lots: 300
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Academia Platonos
One of REDS' more recent acquisitions is a site at Academia Platonos. Academia Platonos is located in the Athens Historical Center very close to the new location of the Athens Stock Exchange. The site, at this fast-developing area of Athens, will be formed into prime modern office space.
The offices in Academia Platonos are part of a real estate development framework that will give new dimensions to the business pulse and urban life of Athens.
The project involves high-standard office buildings, of which business life in the Athens' center is lacking, with essential modern facilities consistent with the requirements for Grade A office space. DEVELOPMENT TYPE: Offices LOCATION: Athens, CBD COMPLETION: 2009 GBA: 19.000m2 PARKING LOTS: 380 COMMERCIAL VALUE: € 50 million
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Athens Metropolitan Expo
In Autumn 2007, REDS S.A. announced its 11,7% participation in the share capital of the company "Athens Metropolitan Expo S.A." which - through a concession agreement will develop and operate the new Exhibition & Conference Centre at premises of the Athens International Airport.
Athens Metropolitan Expo will be the capital's largest Exhibition and Conference Center. DEVELOPMENT TYPE: Exhibition and Conference Center LOCATION: Athens International Airport, Spata COMPLETION: 2008 PLOT SIZE: 140.000 m2 GBA: 55.000 m2 GLA: 45.000 m2 No. EXHIBITION HALLS: 5 No. CONFERENCE HALLS: 6
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www.reds.gr
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More to come so stay tuned