Fourlis Group

One of the most important IKEA supply centers worldwide, that which will supply Eastern Mediterranean countries with the products of the Swedish giant, will start operating about a year from now, in Aspropyrgos, West Attica. 

In a meeting at the Maximos Mansion on Tuesday morning, Prime Minister Kyriakos Mitsotakis, Vasilis Fourlis, President of the Greek retailer Fourlis Group and Andrea Colzani, Inter IKEA Holding's Global Logistic Units Manager, announced Inter IKEA's decision to invest in Greece.

The participation of investors - institutional or not - is particularly high in the public offering of the Fourlis group's Trade Estates Real Estate Investment Company, which started on Wednesday and ends on Friday.

This may well prove to be the year of real estate investment companies (REICs) on the Greek stock market. The sector is expected to grab the attention of the investing public at several points in 2021, as, according to companies' plans, at least two REICs are set to be listed.

Property investment group Pradera is putting both of its assets in Greece on the market.
Sources say it is at an advanced stage for the concession of the Village Entertainment Park (pictured) at Renti, near Piraeus, as well as the Florida 1 Retail Park at Pylaia in Thessaloniki.

Athens-listed Fourlis Group has discerned investment opportunities in the commercial property sector in Greece and the broader region of Southeastern Europe, and is in the process of setting up a real estate investment company (REIC).

Greek retailer Fourlis Group sought to reassure investors over its operations in Turkey, following the recent devaluation of the Turkish lira, saying the problems in the country's economy "do not have any material impact on the consolidated financial statements" of the company.