REDS in brief
Among others, REDS has constructed and is operating “Smart Park” retail park, while an emblematic project of the company, the “Cambas Project”, is currently under development.
Smart Park, the largest retail park in Greece, has a commercial occupancy of 100%, while in 2018, the total number of its visitors reached 5 million. At the same time, the construction of the second phase of Smart Park -an investment of €25 million by REDS- was completed by the end of October 2019, allowing for an increase in the area of Smart Park by 15,000 m² to a total area of 53,000 m².
The “Cambas Project” will be developed in the area of Kantza (Pallini), having the old Cambas winery in the spotlight and combining office, commercial and cultural facilities, with the preservation of selected buildings and the provision of upgraded communal areas of greenery and recreation to citizens and visitors. This is an investment of approximately €220 million, in which, beyond the investments for the reconstruction of the Cambas winery, 50% of the total area, i.e. 157 acres, will be a contribution in land to the Municipality of Pallini for public use, thus multiplying the available area of the project’s squares and playgrounds.