Greece’s geostrategic location, its attractive asset prices and experienced workforce is drawing growing interest in logistics facilities, capitalizing on the country’s position at the crossroads of Europe, Asia and Africa.

In the last several weeks, major multinational investors along with Greek businesses have announced new deals that will help cement Greece as a distribution and transshipment hub for Southeast Europe and the Eastern Mediterranean.

In January, international home furnishings giant Inter IKEA and its Greek partner, the Fourlis Group, announced plans to develop a 50,000 sq.m. state-of-the-art regional distribution center in Aspropyrgos, west of Athens. The €70 million logistics hub is expected to begin operations in mid-2025 and will serve markets in Southeast Europe and the Eastern Mediterranean.

Likewise, U.S.-based investment fund H.I.G. Capital – through its Greek subsidiary Streem Global – this month announced a €300 million project to develop a tri-modal logistics park, also in Aspropyrgos. The move follows the recent acquisition of another logistics facility near Thessaloniki. In the last several years, the fund has acquired nine companies in the logistics sector in Greece and one in Romania, and it is moving to create the largest logistics cluster of companies in the region.

According to recent investor surveys by international consultancy EY, transportation & logistics rank as one of the top sectors drawing foreign investment to the Greek economy. And last month, Enterprise Greece signed a Memorandum of Understanding with the Hellenic Logistics Association to jointly promote Greece as an international logistics hub for Europe.