Monday May 25, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Path cleared for creation of 300-mln mall in Athens

By Nikos Roussanoglou

A 300-million-euro investment in the creation of a major shopping center in Athens by a BlackRock-owned company came closer to realization on Wednesday with the signature of a ministerial decision allowing for a change to land usage in the neighborhood near Platos Academy in Kolonos.

The decision signed by Environment Minister Yiannis Maniatis amends the general town planning of Athens, allowing for the industrial manufacturing zone to become one of redevelopment, following a process that has lasted about two years.

Since 2007, Artume SA, which belongs to the BlackRock investment group, has been buying up plots totaling some 20,000 square meters on Kifissou Avenue, close to Lenorman Street, and paying some 37 million euros in the process. It is planning to develop a multi-level shopping and entertainment center with a total leasable surface area of 55,000 sq.m. under the name Academy Gardens.

According to a study conducted by the Athens University of Economics and Business, the construction of the mall will create 1,600 jobs while its operation will create some 2,000 permanent jobs.

ekathimerini.com , Wednesday February 19, 2014 (22:51)  
VAT adjustment is the way forward
Tender for Thriasio freight center to restart next month
Banks fear NPL sum will reach 100 bln euros
Socar has found a way to opt out of the DESFA deal
Varoufakis slams media over Riga Eurogroup reporting
Greek Finance Minister Yanis Varoufakis on Sunday admitted he had recorded a euro zone finance ministers meeting and criticised media for reporting lies and innuendos on what transpired at...
Greeks back governments red lines, but want to keep euro
Cash-strapped Greeks remain supportive of the leftist government's tough negotiating style, according to a new poll published Sunday, but hope for a deal with creditors that will keep the eu...
Inside News
SOCCER
Berg brace gives Panathinaikos four-point lead
Panathinaikos beat Atromitos on Sunday and took advantage of the goalless draw between PAOK and Asteras Tripolis to open a four-point gap from PAOK at the top of the Super League play-off mi...
SOCCER
Reds add Cup to league trophy with 3-1 win over Xanthi
Olympiakos completed a league-and-cup double on Saturday by beating Xanthi 3-1 in the Greek Cup final at the Olympic Stadium of Athens, that was more balanced than the final score suggests. ...
Inside Sports
COMMENTARY
The good news and the bad
The good news is that a Greek default will most likely be prevented, a deal will be reached with the countrys creditors and an extension will be granted for negotiations over the next bailo...
EDITORIAL
Geopolitical threats
Greece needs to extricate itself from this crisis fast and get back on its feet, not least because the geopolitical climate is becoming increasingly stormy. The Balkan region is re-entering ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Berg brace gives Panathinaikos four-point lead
2. VAT adjustment is the way forward
3. Tender for Thriasio freight center to restart next month
4. Varoufakis slams media over Riga Eurogroup reporting
5. Banks fear NPL sum will reach 100 bln euros
6. Socar has found a way to opt out of the DESFA deal
more news
Today
This Week
1. Greeks back government's red lines, but want to keep euro
2. Greece does not have the money to make June IMF repayment, warns interior minister
3. The good news and the bad
4. SYRIZA seeks new relationship with police
5. Solving islands' water problems would take 66.4 mln euros, study finds
6. Geopolitical threats
Today
This Week
1. The Greek-German breakthrough that didnt come
2. Conspiracy madness
3. Greece came close to not paying IMF
4. National self-awareness put to the test
5. Albanian demarche raises concerns about possible territorial claims over Greece
6. Greek endgame nears for Tsipras as bank collateral hits buffers
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.