Home / Business / Local Business / “The Mall of Cyprus” to be expanded

“The Mall of Cyprus” to be expanded

Nicosia shopping centre “The Mall of Cyprus” will be expanded with two additional floors to be occupied by retailers, along with additional floors for parking spaces.

The decision was made by the Managing Board of the mall in a meeting on November 7, 2016.

According to a press release, the Managing Board approved the expansion of the shopping centre, subject to the securement of funds from banks and shareholders.

The planned changes include the extension of the northwest side of the existing building, with new spaces for retailers and parking. In addition, two floors for shopping will be added (ground floor and first floor), along with two floors for parking spaces(mezzanine and first floor).

The investment will surpass costs of €25 million, with the project expected to be complete by October 2018.

Check Also

Unemployment rate drops to 10.6% in Q2

The number of people out of work in the second quarter of 2017 was 10.6% …

European Commission team looking at Larnaca Port concerns

The EP Committee on Petitions (PETI) is conducting a fact-finding mission in Larnaca between Wednesday …