In October, the first Pepco store in the Greek market begins its operation

In October 2022, the first store of the clothing (women’s, men’s and children’s) and home decoration chain Pepco will open in Greece. The store will operate in the Piraeus Retail Park, sealing the strategic partnership between Pepco and Trade Estates AEEAP, a company of the FOURLIS Group, according to a relevant announcement.

The Piraeus Retail Park is located at a focal point of the South-Western Suburbs, at the junction of Piraeus and Kifisos Streets on the borders of the three municipalities of Moschatos, Rentis and Neos Faliros. It extends over a plot of 14,895 sq.m., with commercial areas of 13,300 sq.m. and 280 underground parking spaces. Today, 4 stores of large commercial groups (AB Vassilopoulos, McDonald’s, Moustakas, LC Waikiki) are already in operation, while by the end of 2022, 6 more of the latest concepts of international and Greek companies operating in the wider field of value retailing will be presented.

Dimitris Papoulis, member of the Board of Directors of Trade Estates and Chairman of the Investment Committee said: “We are excited about the opening of the first Pepco store in Greece, in the Piraeus Retail Park of Trade Estates. Following Pepco and the impressive performance of its model, as and its rapid growth in SE Europe in previous years, we are confident of the company’s success in Greece. We look forward to developing a multi-dimensional relationship through which we will announce many new partnerships. Trade Estates AEEAP’s goal is to create exciting commercial developments based on in the tripartite of easy and quick access for the visitor, serving the primary needs of the family and offering products at competitive prices.Committed to the principles of sustainable development and ESG, our company aims to become the leading real estate investment and management company with specialization in commercial parks and omnichannel logistics in Greece, Cyprus and Bulgaria”.

At the same time, Anca Radu, Pepco Retail Director stated: “Our company strongly believes in the strong prospects of the Greek market, in which we will follow a dynamic development plan. The opening of the first Greek store in Piraeus Retail Park is not accidental and reflects the belief to the vision and capabilities of Trade Estates management. As the company’s expertise in the development and management of Commercial Parks, as well as its experience in the retail market, make it a reliable partner for the development of our plans in Greece. We believe that with the Pepco model we will offer the Greeks a new shopping proposal that will fascinate them!”.

SOURCE: AMPE