Strategically Stadiou Road, which is regaining its post-war glory, in addition to Patision Road, the place the brand new Nationwide Archaeological Museum will improve not solely the picture of the historic middle but in addition of the nation as a complete, Piraeus and Dimand are investing within the previous city navel Athena’s.
“Within the subsequent 5 to 7 years, this axis would be the most fascinating factor that Athens should present for the everlasting resident, for the retailer, for the employee and for the vacationer” emphasised Mr. Andriopoulos, CEO of Dimand, describing what’s going to occur subsequent with the previous Lambropoulos division retailer in Aiolos and Lykourgos, which will probably be utterly reconstructed with modern practices.
The reconstruction and the Dimand – Piraeus joint undertaking
Though the 2 companions haven’t but determined the makes use of that the property will host, Mr. Andriopoulos identified that every one eventualities will probably be thought of (business makes use of, flats for everlasting residents, and so forth.), nevertheless the choice criterion is not going to be purely monetary.
Relating to the working retailer of Notos (previously Lambropoulos), Mr. Andriopoulos, when requested about whether or not some sort of settlement has been made with the corporate as to when it is going to go away the property, identified that “as a result of we wished this to be executed first announcement (together with the strategic cooperation of Piraeus and Dimand for the event of sustainable city areas) we now have not entered into discussions and negotiations, however we all know their entrepreneurs very effectively and we’ll sit on the desk and the mandatory agreements will probably be made”.
Estimates of the quantity of the funding
On whether or not the Notos enterprise will proceed to function in the course of the improve work, Dimand’s chief mentioned that this chance has but to be assessed and can rely upon the wants of the static reinforcement, “however the odds are that it’s going to not might be made operational’.
In accordance with the primary estimates, the quantity of the funding for the redevelopment of the property, which was as soon as recognized with the… appointments of the Athenians, merely saying “in Lambropoulos” with out additional clarification, will attain 20-25 million euros with a completion horizon of two to 2 and a half years.
In apply, Dimand will proceed with the acquisition of a majority stake within the particular objective corporations LYKOURGOS MAE and IANOS MAE, which personal the property of the previous Lambropoulos in Hautia, with the purpose of highlighting and extra effectively exploiting it, thus contributing to the regeneration of the historic middle of Athens.
Piraeus as Dimand’s strategic companion will retain a minority stake within the two corporations.
The tough starting
The historical past of the “Lampropoulos” division retailer in Omonia begins on the finish of the nineteenth century. And particularly in 1898, when Xenophon Lambropoulos left his massive household in Kontovazaina in mountainous Arcadia, certain for Athens and a greater future.
So as to have the ability to make a residing and on the identical time ship the mandatory issues to the household, he began as a avenue vendor within the middle of Athens, particularly in Aiolou, within the space of Omonia, the place the soul of the town was then. Quickly, he collected an quantity that allowed him to construct the primary, small however sheltered enterprise.
His steps had been adopted by his brother Vasilios. In 1906 the 2 brothers determined to work collectively, establishing a buying and selling firm in an underground area on the nook of Aeolos and Sophokleous. And her identify, “Afi Lambropoulos”.
The switch to Aiolou avenue
In 1913, the shop was moved to the constructing on Aiolou – Stadiou avenue, which over time expanded to the privately owned neoclassical buildings subsequent door, on Aiolou and Lykourgou streets. In 1927, the store “Afi Lambropouloi” grew to become an nameless firm. Its entry into the inventory alternate takes place forty years later.
The Conflict and the Occupation don’t hurt the store and don’t handle to scale back its glamour. On the eve of the warfare, the corporate proceeded to accumulate the commercial model of the toothpaste “Kolynos” and the insecticide “Katol” in addition to the manufacturing laboratories of those merchandise for Greece.
The interval of nice development
After the Conflict, “Lampropoulos” goes via its “golden age” and develops into some of the favourite selections of shoppers within the middle of Athens. In truth, the nook of Aiolou with Lykourgou and Stadiou is recognized with the shop and turns into a gathering level for everybody, who make their appointments by merely saying… “to Lambropoulos”.
In 1992, “Lampropoulos” is the primary retailer to introduce the logic of “store in outlets” to the Greek market. In 1999 he joined the Papaellina enterprise group, renamed NotosCom.
Supply: ot.gr
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