Indotek Group expands its footprint in Greece
Athens, May 07, 2025—Indotek Group, the pan-European real estate investment and asset management conglomerate, announces the acquisition of three retail galleries in Greece. The transaction underscores Indotek’s strategic expansion in Southeastern Europe and its commitment to sustainable value creation through active asset management.
“This acquisition marks a significant milestone for Indotek Group, not only growing our European retail footprint further and extending our commitment to the sector but also strengthening our position in a key Southern European market, Greece,” said Philip Wood, Managing Director of International Transactions and Asset Management at Indotek Group. „Alongside our retail ambitions, Indotek Group is also actively evaluating opportunities for expansion in Greece’s hospitality sector. The company already owns a hotel in Athens that is currently undergoing renovation, and we are keen to add more of these types of investments to our portfolio to align with our long-term growth strategy,” he added.
All malls are anchored by Greece’s leading hypermarket chain, Sklavenitis. The shopping galleries accommodate a total of 67 stores and offer a diverse shopping mix tailored to local communities, including top international and local tenants, Marks & Spencer, Sinsay, Pepco, and Intersport.
The galleries' strategic location, high footfall, and strong tenant composition align with Indotek’s strategy of investing in resilient and well-performing properties.
According to Chris Geropantas, Country Head of Indotek Greece & Cyprus: “This acquisition highlights our group's dedication to strengthening our presence and expanding in the Greek market, driving strategic growth and long-term objectives. We are actively pursuing value-driven transactions across all real estate sectors to expand our footprint in Greece”.
Indotek Group focuses on further expansion in Greece and other Southern European markets, including Italy and Spain. The company actively seeks opportunities to unlock value through strategic acquisitions, hands-on asset management, and sustainable revitalization, contributing to the resilience of the European retail sector.
About Indotek Group
Indotek Group is a leading investment and asset management company headquartered in Budapest, Hungary. Its core activities span private equity, real estate-backed non-performing loan portfolios, and a broad range of real estate investments—including the acquisition, development, operation, and sale of commercial, industrial, residential and hospitality assets.
Operating across 12 European countries, the Group manages a diversified portfolio of more than 350 properties, representing over 2.5 million square meters of gross leasable area. The foundation of the Group’s success lies in its prudent risk-taking and effective risk management, combined with long-term planning, which together enable outstanding returns on investment. Indotek Group is recognized for its strategic approach to revitalizing underperforming or aging commercial assets, reinforcing its role as an emerging pan-European player in complex real estate rehabilitation. With over 620 employees and more than 5,000 active lease agreements, the Group’s portfolio includes office buildings, shopping centers, hotels, industrial parks, and logistics facilities. Beyond real estate, the Group is also active in several other industries, leveraging synergies across its affiliated businesses.
Focal was involved in this successful investment as Technical Advisor.