Trade Estates AEEAP, a company of the FOURLIS Group, welcomes the entry of the Pepco store chain into Greece. The first Pepco store will open in October 2022 at the Piraeus Retail Park, sealing the strategic partnership between the two companies.
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 broader field of value retailing will be presented.
O Mr. Dimitris PapoulisMember of the Board of Trade Estates and Chairman of the Investment Committee stated:
“We are excited about the opening of the first Pepco store in Greece, at Trade Estates’ Piraeus Retail Park. Having watched Pepco and its model’s impressive performance, as well as its rapid growth in SE Europe over the past years, we are confident of success of the company in Greece.We look forward to developing a multi-dimensional relationship through which we will announce many new collaborations.
The goal of Trade Estates AEEAP is to create exciting commercial developments based on 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 specializing in commercial parks and omnichannel logistics in Greece, Cyprus and Bulgaria.”
At the same time, Mr. Anca RaduPepco 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 our faith in the vision and abilities of the management of Trade Estates . As the company’s specialization in the development and management of Commercial Parks, as well as its experience in the retail market, makes 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 proposition that will fascinate them!”
About Pepco
Pepco is a clothing (women’s, men’s and children’s) and home decoration chain with a presence in 16 European countries through almost 3,000 stores and has more than 24,000 employees. Low prices are the main selling point of Pepco stores, cited spontaneously by the majority of its shoppers, providing families with everything they need and want to run their homes on a budget, including children’s clothing, along with men’s and women’s clothing. , fashion accessories, footwear, cosmetics, toys, housewares, decorative and soft furnishings. Pepco stores are comfortable and offer professional and friendly service.
Source: Capital
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