Dixons subsidiary signs lease at commercial park
Reds, a subsidiary of listed construction company Ellaktor, announced yesterday the signing of an agreement with electrics retailer Kotsovolos for the latter’s inclusion in the commercial park under construction at Spata, near the new McArthurGlen discount village. The deal concerns the lease of a total space of 3,500 square meters to Kotsovolos’s parent company Dixons Southeast Europe. The new commercial park, close to the Attica Zoo in the area of Yalou, some 20 kilometers from the Athens International Airport, has already leased out some 70 percent of its surface, that totals 50,000 sq.m. Reds is also in negotiations with a series of retail chains from the sectors of apparel and cosmetics to cover the rest of the surface. Already among the firms to be hosted are Intersport of the Fourlis group (that will take up 1,600 sq.m.) and the Praktiker chain. The park will probably open this October. The location of the complex is particularly favorable as it combines a sparsely populated area with the accessibility provided by Attiki Odos, a Reds statement suggested yesterday. higher reserve requirements and possible new measures in a low interestrate environment, Erste Group Bank AG said. The increases in banks’ reserve requirement ratios were “not effective as expected” and additional measures are foreseen to curb loan demand, Erste said in an e-mailed report yesterday. Nevertheless, broker Global Securities suggested that Turkish banks offer “compelling value” relative to domestic non-banks and international peers after this year’s falls triggered by central bank and regulatory measures to slow credit growth. “A further 5 to 10 percent relative weakness in banks should be taken as an opportunity to buy them at the expense of Turkish non-banks,” Global Securities said in another port yesterday.
(Bloomberg) ate comment. Albanian Airlines, in which Evsen has owned 93 percent of the shares since 2009, flies to 12 destinations from Tirana International Airport.
(AP) mum salary at 485 euros a month. Manuel Carvalho da Silva, head of the Portuguese General Workers’ Confederation, says his members must fight the measures. “If we accept this remedy, in two years’ time we’ll be poorer and in recession,” he said yesterday.