In the next few weeks, the concession agreement in the scheme is expected to be submitted for ratification. Goldair – ETVA VIPE shopping center in Triasian deposit, with the opening of Parliament, after the summer holidays, on Monday, 22 August. According to the information, the contractor has completed an agreement to finance the project, which is valued at 55 million euros, with the remaining amount coming from equity. However, the signing of the financing agreement will take place after the parliament ratifies the 37-year concession agreement. The project schedule, with a budget of 150 million euros, sees the start in 2023 of the largest investment in Attica since the metropolitan intervention in Elliniko. The joint venture is expected to build 210,000 square meters of covered warehouses, 250,000 pallet bays, 4,000 car bays and 120 truck bays in a 588-acre area at various stages. The construction of the shopping center, which corresponds to a contractual cost of 109 million euros, will be carried out “Mytilene“.

The Goldair – ETVA VIPE scheme has completed the financing agreement for the project.

The project will play a key role in improving the position of Greece on the logistical map, as the main characteristics of this property category are fragmentation and a lack of quality space. According to a report by real estate consultancy Danos/BNB Paribas Real Estate, the Triassio area, together with Aspropyrgos and Elefsina, is the new “Mecca” of investment in storage and distribution. And this is because investment interest, also due to the e-commerce boom in logistics, has skyrocketed, while even minor areas such as Oinophyta and Markopoulos are generating interest. As a result, the logistics and industrial space market has performed exceptionally well over the past two years, with significant increases in transactions and rentals. Since 2015, storage space purchased by users has steadily increased, according to Danos. Seven years ago, the supply chain was just over 50,000 square meters, a size that has increased fivefold in the first quarter of data from Danos. / BNB Paribas. As a result, rents have also increased, reaching around 5 euros per square meter, from 3.5 euros in 2015 for properties in areas of high demand. However, the average rent is lower and amounts to about 4 euros, from 2 euros per sq.m. seven years ago.

The planned cargo center at Triassio will improve the supply of storage space, given that e-commerce is gaining more and more market share, requiring investment in large storage facilities and product distribution areas.