RHODES, Greece, March 1, 2011 /PRNewswire/ -- Within just 12 months H&M has moved into the renovated wing of Cairo Palace, in Rhodes, Greece.
Savvaidis & Associates, in association with an Athens based colleague clenched the deal between the owners of Cairo Palace and H&M after many months of negotiations.
"As a result of the agreement the Cairo Palace building was given a total make over and up-graded one of the main commercial streets of the city," says Savvas Savvaidis, Director of Savvaidis & Associates Real Estate Agents.
H&M, Rhodes which is located at 6 Ethelondon Dodekanision has a total of 1,225sq.m spread over 5 floors.
Whilst renovations were underway workers discovered the remains of an ancient building in the basement. Some of the ruins have been passed over to the Archaeological Society for further studies.
The store will renew H&M' collections of clothing and accessories on a daily basis and will be open from Monday to Friday from 9.00am to 9.00pm and 9.00am to 6.00pm on Saturdays.
The Rhodes branch of H&M adds to the 15 existing stores across Greece, including 10 in Athens, 3 in Thessaloniki and 2 in Larissa. All the stores are located in key locations with a modern design fully representing the philosophy of H&M stores worldwide.
The H&M deal is one of the many commercial deals involving Savvaidis & Associates. High profile commercial transactions like the Zara Building that resulted in the radical renovation of an old hotel in Rhodes' center and Kotsovolos commercial lease are part of the exemplary track record of the company.
Savvaidis & Associates is Rhodes' leading Real Estate Agency, established in 1983, the company specialises in both, residential and commercial brokerage.
Savvas Savvaidis Managing Director of Savvaidis & Associates +30-22410-75100
SOURCE Savvaidis & Associates