Sonae Imobiliária presents Mediterranean Cosmos

Largest Shopping & Leisure Centre in Northern Greece

Thessaloniki, Greece - The first and largest shopping and leisure centre of its kind in Greece, Mediterranean Cosmos, was presented last week for the first time to Thessaloniki's  business,  political,  commercial  and  financial  communities  at  the Makedonia Palace Hotel.   Located in the largest municipality of Thessaloniki, Pylea, the innovative commercial and leisure Centre represents a new source of business opportunities  for  local  and  international  retailers.  Furthermore,  Mediterranean Cosmos is expected to contribute to the overall growth and development of Pylea and,  to  further  strengthen  Thessaloniki's  rapidly  growing  political,  cultural  and industrial  presence  in  Southeastern  Europe.     The  Centre  is  currently  under development by a powerful joint venture between Sonae Imobiliária and his jointventure partner Charagionis Group, togheter whit LAMDA Development, and will offer local residents, international business visitors and tourists a compelling blend of retail, leisure and cultural activities.

Mediterranean Cosmos stands on a 250,000 m2 site, which belongs to the Ecumenical Patriarchate, and provides 45,000 m2 GLA and 3,000 parking spaces.

The  Centre  is  expected  to  drastically  change  the  shopping  habits  of  Greek consumers by offering a single location for all their retail, service and entertainment needs.  Designed  to  attract  people  of  all  ages,  Mediterranean  Cosmos'  project description includes:

• Location: Municipality of Pylea in Thessaloniki, Greece
• Catchment area: Easy access from Thessaloniki city centre and surrounding regions, including Thessaloniki International Airport (five-minute drive);

• Gross Leasable Area (GLA): 45,000 m2 !   Parking: 3,000 spaces free of charge
• Anchors: Supermarket Massoutis, Village multiplex cinema  (11 screens), Zara, a "Gold Class" and outdoor cinema, a multi-unit food court, a bowling and family leisure centre.
• Unit shops:  226 unit shops including Zara Home, Pull&Bear, Strativarius, Bershka,  Massimo  Dutti,  Oshyo,  a  traditional  "Greek  neighborhood"  and "cultural quarter".
• Investment value: € 100 million !   Date of Completion: Spring 2005

Inspired by a warm Mediterranean climate and landscape, the elements of "Earth, Air, Water, Myth, Art, and Culture" are successfully integrated throughout the Centre, providing a memorable customer experience.   Pedestrian-friendly shopping streets transform into "treasure trails" themed with different materials  (stone, wood, gold, crystal and ceramic), leading visitors to a truly new shopping and entertainment experience.   One of the Center's major features, a traditional "Greek neighborhood", comprises a church, a museum, artisan shops, traditional taverns, an open civic space and a 500-seat outdoor amphitheatre for the staging of musical events, dance performances and festivals.