BUSINESS

Another investor thinking about freezing Greek plans

NIKOS ROUSSANOGLOU

TAGS: Business

US investment firm BlackRock is considering freezing its plans for the construction of a 50,000-square meter mall in western Athens due to long delays caused by state bureaucracy.

Given the negative attitude of various groups and the government itself toward the investment in the "Academy Gardens" project – put at more than 300 million euros – it emerged Tuesday that BlackRock might shelve the plans of its local subsidiary Artume for the shopping center on the site of the old Mouzakis textile factory on Kifissou Avenue.

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