Ni­cosia su­per mall opens in time for Black Fri­day and Christ­mas rush

Financial Mirror (Cyprus) - - PROPERTY -

Ni­cosia Mall, the largest re­tail shop­ping cen­tre on the is­land with 140 stores, food halls and park­ing for 1,700 cars, opened its doors on Wed­nes­day, just in time for the Black Fri­day con­sumer frenzy and preChrist­mas rush.

At 48,000 sq.m., the mall houses the usual cloth­ing and ap­parel stores, as well as the largest Pub­lic books-to-elec­tron­ics re­tailer, the sec­ond out­let for the pop­u­lar Athieni­tis su­per­mar­ket chain and a food court dom­i­nated by the PHC restau­rants brands, in ad­di­tion to Star­bucks and Ocean Bas­ket, and MTN and Cy­tashop, as well as a num­ber of new fran­chise re­tail­ers.

The sec­ond floor also plans to have a cin­ema, the Rio, which will open its doors on Valen­tine’s Day 2019. Un­til then, shop­ping hours will be 9.30am to 8pm daily, 10am to 11 pm Sun­days and the su­per­mar­ket open­ing an hour ear­lier.

Lo­cated on the west side of the

cap­i­tal, just off the Ni­cosia-Troo­dos high­way, the EUR 200 mln project also boasts en­ergy sav­ing tech­nolo­gies for light­ing and heat­ing/cool­ing in­su­la­tion, smart park­ing for more ef­fi­cient lo­ca­tion of avail­able space, wide open spa­ces on the bal­conies of the cafés and a vis­ual con­cept that does away with win­dow dress­ing and shop­pers look straight in­side the shop.

Some 2,500 trees were en­hance the area.

The Bank of Cyprus moved into the ven­ture with a EUR 35 mln loan-for-eq­uity swap, as a re­sult of which the mall’s CEO Mar­ios Kalo­chori­tis told the Fi­nan­cial Mir­ror that the project was com­pleted hav­ing re­placed in­vestors who had fallen on hard times af­ter the eco­nomic cri­sis.

“To­day we have fi­nan­cially solid in­vestors, with the project’s builders, the Athieni­tis con­struc­tion and de­vel­op­ment com­pany also main­tain­ing a mi­nor­ity share,” he said.

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