Athens to See New Sports and Entertainment Center by Giannis Antetokounmpo and Family

Photo source: VILLAGE shopping & more

A private consortium, including Milwaukee Bucks forward Giannis Antetokounmpo and his family, has announced plans to transform the Village Shopping & More center near Piraeus into a state-of-the-art sports and entertainment hub.

According to an official announcement, the investment group, Renti to Go S.A., acquired 100 percent of the shares of Trivillage S.A., the company owning and operating the Village Shopping & More complex in Rentis, a suburb west of central Athens. The deal, valued at 14.1 million euros, marks a major investment by the consortium, which includes prominent private investors such as Elias Georgiadis (via Sterner Stenhus Greece), the Antetokounmpo family, Premia Properties (via a subsidiary), Yiorgos Panou, Giannis Konstantinou, and Alex Papaconstantinou.

The 49,000 sq.m. property, situated on a 36,000 sq.m. land plot, currently operates as an entertainment park anchored by the Village Cinema. The investors aim to upgrade the facility into a leading sports and entertainment venue, catering to families and younger audiences.

“I am proud to invest in the area of Athens where my siblings and I grew up,” said Giannis Antetokounmpo. “This is one of the most significant investments my family has made in Greece. Our vision is to upgrade the venue, offering unforgettable experiences for visitors while furthering our broader goals in athletics.”

Giannis Antetokounmpo.

Giannis’ brother, Thanassis, also an NBA player, added, “This project is both a business endeavor and a deeply personal one, as it is tied to cherished childhood memories.”

Elias Georgiadis, General Manager of Sterner Stenhus and Chairman of Premia Properties, highlighted the partnership’s potential. “We are excited to expand our collaboration with the Antetokounmpo family and welcome new investors. Combining their vision with our real estate expertise, we aim to revitalize this iconic location into a premier entertainment and sports park.”

According to an announcement by Premia Properties, the deal was financed by Eurobank in Athens.

“This transaction represents another strategic collaboration between Premia and distinguished partners that will enhance the size and diversification of our portfolio as well as the company’s revenues,” Premia Properties CEO Kostas Markazos said.

Premia Properties, a leading Greek real estate investment company established in 1991, has been listed on the Athens Stock Exchange since 2008.