Fourlis’ Trade Estates AEEAP plans to open 12 commercial parks across the country over the next two years. Based on existing planning, by the end of 2026 the company plans to increase the value of its portfolio to 550 million euros (from about 300 million euros today), doubling the number of properties and leased areas. At the same time, according to Dimitris Papoulis, the managing director of the company, new projects are currently being evaluated, which can increase the value of the portfolio even more, up to 700 million euros by 2027. It is recalled that during 2022 the company made a total investment of 70 million euros.

As Fourlis announced yesterday, it has launched a new addition to its portfolio of commercial parks it has created, which are commercially known as Top Parks. In particular, it acquired the eighth commercial park in a row. This is a property created by Ten Brinke Hellas, a subsidiary of the Dutch real estate development group of the same name, in the Halandrio area, specifically in Kennedy Square. It is a 4,000 sqm property on a 2.9 acre site that opened last November and houses AB Vasilopoulos and McDonald’s stores. The investment amounted to 6.5 million euros.

At the same time, Trade Estates is continuing its development strategy in the commercial park sector as it plans to build four more complexes with a total investment of 150 million euros. Two of them are located in Attica, in the territory of Ellinikos and in Spata, near the Smart Park, while the other two are located in Patras and Heraklion in Crete. The largest project being promoted will be the construction of a 30,000 sqm commercial park. in the shopping area of ​​the Ellinikos complex, next to the country’s largest shopping center Vouliagmenis Mall.

By the end of 2026, the Fourlis group company plans to increase the value of its portfolio to 550 million euros – in Chalandri, the company’s eighth Top Park.

The total investment will amount to 70 million euros, as four large buildings will be created, which will house a number of stores, including one from IKEA.

Accordingly, a 32-acre parcel of land was purchased in Spata, adjacent to the existing Smart Park shopping complex and Athens Designer Outlet. It is planned to build a commercial park with a total leasable area of ​​9,650 sq.m. The park will be surrounded by an open parking lot with 500 spaces. The investment is carried out in cooperation with the Dutch company Ten Brinke Hellas, which Trade Estates has chosen as a strategic partner for all of its investments.

In Crete, both parties are advancing the development of a 40-acre plot in the Aorakia area of ​​the Alikarnassus municipality, which offers access to the northern axis of Crete and is located next to the Nikos Kazantzakis airport. The total rental area of ​​the facility will be 10,600 sq.m., and the total area will reach 14,000 sq.m.

In Patras, it is planned to build a commercial park with an area of ​​20,000 m2. with a total leasable area of ​​13,900 sq.m., on a plot of 21.5 acres purchased for this purpose. The property is located opposite the new port of Patras, at the intersection of Anteia and Akti Dymaia streets. The shopping park will include an IKEA store and 4 more stores, as well as a parking lot for 400 cars.