LOULI MILLS SA (the Company), announces that it has purchased a ground warehouse with a total area of 2.250 sq.m. located on a plot of 8,800 sq.m. in the Municipality of Mandra-Idylia at MESAIA GEFYRA on the Old National Road Athens-Thebes. The acquisition cost amounted to € 2.0 million.
The purchase of the aforementioned property was due to the compulsory expropriation of the existing warehouse of the Company, which is located at the crossroad of Sokraio Str. 131 (Em Pappas) in the Municipality of Egaleo for the construction of Athens Metro projects.
The new modern warehouse will contribute to more efficient inventory management as well as better customer service and it will help achieve its goals of continued growth.