Two new PEPCO stores in the retail parks of TRADE ESTATES in Thessaloniki and Ioannina

Two new PEPCO stores in the retail parks of TRADE ESTATES in Thessaloniki and Ioannina

Two new PEPCO stores in the retail parks of TRADE ESTATES in Thessaloniki and Ioannina

Trade Estates REIC, a FOURLIS Group company, expands its cooperation with Pepco, the well-known clothing and home decoration chain, with two new stores in Thessaloniki and Ioannina.

Athens, June 27, 2023 – Trade Estates REIC announces the opening of two new Pepco stores in its commercial parks in Thessaloniki and Ioannina.

More specifically, a store with a total area of 676 sq.m. is expected to start operating in August 2023, at the Florida 1 Retail Park in Pylaia, Thessaloniki. Florida 1 is one of the largest commercial parks in Greece, it extends over a plot of 132,000 sq.m. and has commercial spaces with a total area of 32,000 sq.m. It is a point of attraction for the residents of the wider area, as it has plenty of shops for shopping with comfortable free parking spaces, while it is easily accessible by public transport.

Another new Pepco store is expected to operate by the end of July 2023 in the Top Parks Retail Park of Ioannina. The store, with a total area of 507 sq.m., is located on the ground floor of the Retail Park, which extends to commercial areas of 27,200 sq.m. and will co-house IKEA, H&M and two more international clothing companies to be announced soon.

The CEO of Trade Estates, Dimitris Papoulis, commented: “We are excited as Pepco’s presence in our retail parks expands with new points of sale in Thessaloniki and Ioannina. Given that the operation of the chain’s 1st store in Greece, at Top Parks Piraeus, exceeded all performance expectations, we are sure that the continuity will be similar, as thousands of consumers choose our retail parks for their daily shopping”.

Pepco’s Retail Director, Anca Radu, said: “After the successful launch of our first store in Greece at Top Parks Piraeus, we are expanding our partnership to the Trade Estates retail parks in Thessaloniki and Ioannina. Pepco’s strategic plan is to bring its brand and product mix to every major city in the country. Trade Estates is a strategic partner for our expansion in the Greek market, and we are already considering collaborations in new projects developed by this company”.

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 advantage of Pepco stores, which is spontaneously mentioned by the majority of customers. Pepco stores are comfortable and offer professional and friendly service while providing families with everything they need and want to run their homes on a budget: children’s, men’s and women’s clothing, fashion accessories, footwear, cosmetics, toys, housewares , decorative and soft furniture.

About Trade Estates REIC

Trade Estates REIC, a Fourlis Group company, is the only real estate investment company in Greece that specializes in the development of new generation Retail Parks and Logistics Centers to serve the retail omnichannel strategy, with activity in Greece, Cyprus and Bulgaria. The portfolio of Trade Estates currently consists of 8 Commercial Parks and 2 new generation Logistics Centers. Its investment plan for the next 4 years includes the creation of new retail parks throughout Greece (with the flagship commercial park “The Ellinikon Commercial Hub”), but also participations in partnership companies for the development of commercial parks in new areas such as Patras, Crete and Spata, as well as the creation of Logistics Centers in Elefsina and Aspropyrgos. According to the company’s development plan, in 2027

it will have a total of 18 commercial properties, with a low environmental footprint, with high yields and strong long-term tenants.

For more information please contact:

Trade Estates, Tina Taktikou, tel.: 216 20 22 200, e-mail: tina.taktikou@trade-estates.gr


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