The Athenian Capitol shopping mall in central Athens will be relaunched as an outlet center offering discount prices after most of its tenants went bankrupt, its owner Theodoros Charagionis said Tuesday.
In an interview to insider.gr, Charagionis said that tenants who occupied 85-90% of the mall went bust across Greece due to the country's severe economic problems after the Capitol was opened in 2010.
"Our goal is to open in the fall of 2017 and accommodate popular commercial businesses that will sell at outlet prices. In the next month we will have the formal launch where names and exact dates will be announced," he said.
Located on Triti Septemvriou street, close to the National Archaeological Museum, the mall is unusually large for a shopping complex in the city center. It stretches over more than 30,000 square meters, offering stores, restaurants, a cinema and a vehicle museum.
Charagionis said that its central position will play a key role in its development as international trends show that consumers avoid travelling to areas out of the city center to meet their needs.He added that he believes that the broader Athens area has more scope for new more shopping malls.