Mediterranean Cosmos sponsors the 2nd International Retail Conference organized by SELPE
Thursday, 13 May 2004
PRESS RELEASE
Mediterranean Cosmos sponsors the 2nd International Retail Conference organised by the Hellenic Retail Business Association (SELPE)
Athens, Greece - Mediterranean Cosmos, the first and largest shopping and leisure centre in Northern Greece which is under development by PYLEA S.A., [LAMDA Development (60.1%) and Sonae Charagionis (39.9%) participation], in the Municipality of Pylea, is sponsoring the 2nd International Retail Conference titled: Retail Business in the 21st Century: Focus on the Consumer. The international retail conference is being organised for the second consecutive year by The Hellenic Retail Business Association (SELPE) between May 13-14, 2004 at the Pentelikon Estate with the participation of key representatives from the political, business and financial communities.
During the conference, prominent speakers from Greece and abroad will address retail industry topics relating to the progress and trends of the retail business sector in the 21st century, new consumer communication strategies, opportunities arising from the organisation of the Olympic Games, the progress of the retail sector on a local and international level as well as the exploitation of new market trends.
During his speech entitled Greek Retail A new product, a new challenge, Mr. Lefteris Tassoulas, Commercialization Manager of LAMDA Estate Development, emphasized that Mediterranean Cosmos is a unique project of its kind and we believe that it will become a jewel for Northern Greece. The retail market in our country requires this new commercial product and we have recognized this need by investing and offering it first. Furthermore, we believe that the current period is suitable for investments which will contribute significantly to enabling the retail business overcome the present recession and for Greek consumers to enjoy what consumers in most of the world's other countries are enjoying. Mr. Tassoulas continued: Experience gained from the other countries show that shopping and leisure centers promote and upgrade the existing markets and under no circumstances do they create problems. This is what we believe will happen in our country.
Respectively, Dr. Maria Filipe Vaz Pinto, Manager of Legal Department Sonae Imobiliaria, stated: Mediterranean Cosmos is the first and largest shopping and leisure Centre in Northern Greece in which we will apply our international knowledge of managing a successful shopping and entertainment center. A shopping center works as a whole, where each shop depends on the other ones, as the offer to the consumer is perceived as a global one. Our type of contract is a solid base for a successful shopping center and helps the tenant to achieve better results.
Mediterranean Cosmos is the first and largest shopping and leisure Centre in Northern Greece and is being developed in the Municipality of Pylea, offering an exciting blend of retail, leisure and cultural activities to consumers. The Centre is under development d by PYLEA, S.A., [LAMDA Development (60.1%) and Sonae Charagionis (39.9%) participation], on a total surface area of 250,000 m2, strategically located southeast of Thessaloniki, with easy access from the city centre, the surrounding areas and the Thessaloniki International Airport Macedonia.
Mediterranean Cosmos will open its doors to the public in the spring of 2005.
To the editors
For further information please contact CIVITAS
Georgia Zarkinou: 210 6852 400,
Efi Kirinopoulou: 210 6852400