In 2019, Hines, in partnership with the National Bank of Greece, acquired Athens Heart Mall, a 198,000-square-foot (18,000-square-meter) retail center in Athens. The joint venture will redevelop the asset into a 236,000-square-foot (21,900-square-meter) premium outlet mall to be named Gazi Outlets.
The project will feature a new cinema and undergo a comprehensive refurbishment to become a prime destination with a strong leisure and food & beverage offering. The site is positioned on the main thoroughfare between Athens’ tourism centre and Europe’s largest passenger port, Piraeus, which handles 17 million passengers a year.
Redevelopment is slated for completion in early 2021.