Elmec Sport announces its decision to proceed with the project of exploitation of the buildings of the department store ''MINION'', in the centre of Athens, and transform it into a modern department store. IPIROTIKI S.A. will be the company to run it, to which most of the buildings belongs to. The department store will be 15.000 sq.m., with the total cost estimated at around 17 mn euro, and it is expected to open by 3Q 2011.
The main goal of the Company, is the new department store that will be created in the historical road of Patision, to be addressed in average income consumers and to be a total new suggestion in the Athenean market, offering multiple options and a completely new shopping experience that it is absent from Athens today.
Furthermore, Elmec Sport S.A. announces the new revised bussines plan.
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