The opening of the H&M store in Limassol is postponed to March 2022.
It was previously reported that this joyful event will take place on November 18, 2021.
Despite the fact that almost everything was ready for the launch of the department store, some problems arose that led to a delay in construction work.
InAccording to the CEO of Prosperity Group Panos Alexandrou, problems were identified in the supporting structure of the building, which needs static reinforcement, especially at the basement level, where seawater has penetrated.
Alexandrou noted that all the problems will be fixed by December 2021, after which the builders will return to finishing work, and the store will be completed by February.
As you may know the new store of the Swedish clothing, accessories and footwear chain will open its doors in the heart of the city, on Anexartisias Street.
It will be placed in the building of the former ESEL shopping center. H&M Limassol will occupy an area of 1940 m2 and will be located on three floors - basement, ground and mezzanine. It will be open seven days a week (Monday - Friday from 10:00 through 21:00, and on weekends from 10:00 through 20:00).
The cost of the project is estimated at 1.5 million euros. H&M Limassol will be adjacent to the Limassol Brown Hotel, which is scheduled to be commissioned in mid-2023.
The hotel will have 120 rooms. The project is being implemented by Prosperity in cooperation with the international hotel chain Brown.
It is worth noting that Prosperity has carried out a complete renovation of the ESEL center. Among other things, the building also provides a bar with panoramic views of the city, a swimming pool and a rooftop garden. The total area of the project is 18,189 m2.
It is expected that with the opening of a new boutique hotel, as well as a large-scale H&M store, the value of Anexartisias Street will grow significantly.
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