Theo Maras replaces Nick Begakis as Adelaide Central Market Authority chairman

·

Prominent developer Theo Maras has taken over management of the Adelaide Central Market, with a vision to transform it into one of the biggest and best markets in the world, The Advertiser reports.

Mr Maras, who transformed the East End of Adelaide in the 1980s and 1990s, has been appointed as chairman of the Adelaide Central Market Authority, replacing businessman Nick Begakis.

He will help the Adelaide City Council choose board members for vacant positions on the authority, which will oversee a multimillion-dollar upgrade of the arcade beside the historic market.

Mr Maras said he was excited by the “once in a lifetime” opportunity to transform the precinct into a “world-class” tourism and retail destination.

Read More: Tsitsipas faces off against Frenchman Gasquet in epic tennis return

Read More: Greek Orthodox Community relations blossom following Holy Spirit feast day ceremony

“I’ve been going to the Central Market since I was a child – I was taken to the Central Market every Saturday by my grandfather and my father so I’ve got a long-term history and passion for it – I love it,” he said.

“At the end of the day the market belongs to the people of Adelaide and I’m keen to deliver to Adelaide one of the biggest and best markets in the world.

“This will shape the market for the next fifty years.”

Under plans revealed by the council last December, a 35-storey residential, commercial and retail building will be built next to the market as part of a $400 million redevelopment.

Mr Maras, who oversaw the recent $30 million overhaul of Rundle Mall, said securing the right tenant mix and minimising disruption to existing tenants was key to making the project a success.

Shoppers at the Adelaide Central Market. Picture: Brenton Edwards
Shoppers at the Adelaide Central Market. Photo: Brenton Edwards/The Advertiser

“Of course it was the expansion that excited me – I understand develoment, I understand retail and I understand what it is to have social interaction,” he said.

“What I want to be part of is ensuring we have the right curation of tenant mix that will serve the needs of the public and will be a world-class market and meeting place.”

Lord Mayor Sandy Verschoor said Mr Maras had been chosen from “a truly impressive field of candidates” to help oversee the project.

Mr Maras has an extensive background in development, retail and hospitality, including being chairman of the Rundle Mall Management Authority.

“Theo Maras was successful due to his highly-regarded business acumen, depth of experience and ability to lead,” she said.

Ms Verschoor and authority general manager Jodie Kannane thanked Mr Begakis, a professional company director, for his “strong leadership” during his term as the authority’s chairman.

“Nick has played an instrumental role in steering the Adelaide Central Market towards becoming the world’s best fresh produce market and maintaining its iconic status as a thriving food and cultural precinct for the broader community to experience and enjoy,” said Ms Kannane.

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Summer soundtrack: The ultimate guide to Greek concerts and festivals in 2025

Wherever you are in the country, The Greek Herald has the inside scoop on must-see performances to catch during your summer escape.

Michael Zannis: The Greek Aussie cricket star redefining blindness

Michael Zannis has turned his ‘disability’ into his superpower. He lives as everyone else does and is thriving.

Greek olive oil today: Production, use and export data

Greek olive oil is consumed in large quantities in Greece today. Still, the small population leaves plenty of oil for export.

Greece ranks fifth highest in Europe for short-term rental prices

Greece has become the fifth most expensive destination in Europe for short-term rentals, with the average nightly rate reaching 250 euros.

Greece cracks down on beach violations amid thousands of complaints

Greek authorities are intensifying efforts to combat illegal beach occupation and protect public access to the coastline.

You May Also Like

Family of first Greek man to die from COVID in New Zealand speak out

Manoli Tzanoudakis and his bride Betty were at the centre of an infamous wedding in Bluff, NZ, where as many as 98 people contracted COVID-19.

Historic Pelion train to restart operations for summer in Greece

The historic steam engine train at Pelion will restart its operations for this year's summer season in Greece.

Hurstville City Minotaurs win Over-45 Championship for record-breaking tenth time

The final of the Over-45 Football Championship in NSW took place at Poulton Park on Friday, between Hurstville City Minotaurs and San Souci.