Greek supermarkets owner Masoutis SA announced this week that it would be implementing one of the largest real estate projects in Attica valued at 30 million euros.

The new project includes a second Grand Masoutis supermarket in Attica, the construction of two nine-storey buildings with a capacity for 110 apartments, and corresponding parking areas as well as gas station in the same plot.

The project is located in the “Treis Gefyres” area, Athens, near the main highway.

Commenting on the news, Ioannis Masoutis, CEO of Diamantis Masoutis SA, said the project is expected to boost the supermarket chain’s dynamic penetration in the Attica market. Masoutis went on to add that construction work is set to begin immediately and be carried out at a rapid pace in order for the first phase of the project to be completed by the end of the year.

Masoutis SA already runs dozens of supermarkets across Greece and 58 in Attica.

The company opened its first Grand Masoutis in Glyfada near the Athenian Riviera last December.