News August 10 , 2022

Koutalidis Law Firm advised MGE Hellenic Investments S.à r.l. to the sale of McArthurGlen

Koutalidis Law Firm advised MGE Hellenic Investments S.à r.l., an SPV owned jointly by McArthurGlen and Bluehouse S.A., with respect to the sale of its 100% participation to the capital of McArthurGlen Hellas MEPE, owner of McArthurGlen Designer Outlet Athens, to Lamda Olympia Village S.M.S.A., a 100% subsidiary of Lamda Development S.A..

McArthurGlen Designer Outlet Athens is one of the largest outlet centres in Greece, with a gross asset value of €109,000,000. Its inclusion in the portfolio of Lamda Development, one of the most prominent companies active in Greece’s real estate development market, marks a new era for the Greek designer outlets market.