Koutalidis has advised MGE Hellenic Investments on its sale of McArthurGlen Hellas to Lamda Olympia Village.
MGE Hellenic Investments is an SPV owned jointly by McArthurGlen and Bluehouse. McArthurGlen Hellas is the owner of McArthurGlen Designer Outlet Athens, an outlet mall. Lamda Olympia Village is a subsidiary of Lamda Development.
According to Koutalidis, “McArthurGlen Designer Outlet Athens is one of the largest outlet centers in Greece, with a gross asset value of EUR 109 million. 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.”
Koutalidis did not respond to our inquiry on the matter.