Investment activity has recently been recorded in the field of commercial real estate in Greece. New players are emerging, new deals are closing and a strong pipeline is defining the Greek Malls picture.
According to a Pepper Hellas survey of shopping malls in 2019, Greece has the lowest proportion of the average GLA lease area per 1,000 inhabitants , per square meter, compared to the rest of Europe.
In Greece, there are a total of 13 typical shopping centers, five discount centers, four retail parks, and four theme centers. Similarly, in Europe, there are shopping malls with a total area of over 200 million square meters, 80% of which are typical malls. Also, 1/3 of the total stock is located in Western Europe, while the UK and France have a total of 53 million sq. m. gross surface for rent.