Mediterranean Cosmos, located in the Municipality of Pylea, an area southeast of Thessaloniki, is the first and largest commercial and leisure centre of its kind in Northern Greece, offering local residents, international business visitors and tourists a compelling blend of retail, leisure and cultural activities.
The Centre stands on a site covering 250,000 m2, with easy access from the city centre and surrounding areas, and is just five minutes away from the “Macedonia” international airport, major highways, junction points and five-star hotels.
The Centre is a brand new and particularly significant business product for the Greek market, based on similar models that have been tried and tested with success world-wide.
Designed to attract people of all ages, the Centre offers a unique combination of shopping areas and high quality services.
Mediterranean Cosmos includes a wide array of retail facilities, such as: a supermarket, well-known retail chains, a full range of smaller retail businesses, a variety of leisure areas, a multiplex cinema and entertainment facilities for the entire family. In addition, a traditional “Greek village” and “cultural neighbourhood” will be created within the Centre, comprising a church, an exhibition area for cultural crafts, traditional taverns and a small outdoor 400-seat amphitheatre where musical events, dance performances and festivals will be staged.
The Centre has been developed on two main levels, with 220 shop units covering a total area of approximately 46,350 m2, which is served by indoor pathways and about 3,000 above-ground parking spaces, balancing access requirements between five main entrances.
Innovative architectural and construction details allow Mediterranean Cosmos to integrate naturally with its surroundings. Inside the centre, a multitude of roads and squares has been created to reflect the character of the traditional cities of Northern Greece, in combination with the advantages of a modern city centre.
With a budget of more than ú100 million, Mediterranean Cosmos represents a tremendous business opportunity. The Centre had being developed in collaboration with an international leader in similar developments, Sonae Sierra. In Greece, Sierra-Charagionis S.A. has been participating with a 39.9% stake in the investment since June 2002. Mediterranean Cosmos opened its doors to the public on October 25th 2005.
LAMDA Development has developed a strategic synergy as regards the property management of Mediterranean Cosmos with the company Sonae Sierra and holds the 25% of the company MC Property Management S.A., which is responsible for the property management of the Shopping Centre.