Sonae Sierra and Rockspring Property Investment Managers have bought a site from Athienitis Contractors Developers to develop the largest shopping centre in Larissa, central Greece. The project will involve an investment of EUR 48.5 mln. Rockspring acquired the site on behalf of the PanEuropean Property Limited Partnership,

Sonae Sierra and Rockspring Property Investment Managers have bought a site from Athienitis Contractors Developers to develop the largest shopping centre in Larissa, central Greece. The project will involve an investment of EUR 48.5 mln. Rockspring acquired the site on behalf of the PanEuropean Property Limited Partnership,

The two companies are planning to develop a 15,684 m2 shopping and leisure centre on the site. The project will also comprise 784 parking spaces. Sonae Sierra will provide the technical know-how and management of the new shopping mall, the company said in a press release. The Portuguese retail specialist and its partner will each hold a 50% interest in the Larissa project. The two companies already own together three shopping centres in Portugal. Opening for the mall is scheduled for late Autumn 2007.