On Friday 31 May, the Cyprus Environment Ministry approved the construction of two shopping centres in the Agios Athanasios area of Limassol.
The ministry also granted permission for the construction of new roundabouts to improve traffic flow.
It should be noted that both licences were granted in derogation of the applicable local development plans. It should be recalled that the malls will be built close to each other.
Mall of Limassol will be developed by Atterbury Europe, which owns the Mall of Cyprus and Mall of Engomi shopping centres in Nicosia. The mall will be built close to the Vashiotis Kalande residential complex and the municipal kindergarten no. 27 in the Mesa Getonia area. The building will consist of two floors with 114 shops, a cinema and a supermarket. The cost of the project is estimated at 80 million euros. Construction is scheduled to begin in the first half of 2024.
The second shopping centre will be located in the car park opposite the popular children's store Jumbo in Agios Athanasios.
This project is being developed by the group of companies that owns Nicosia Mall, in partnership with the Papantoniou supermarket chain. The 3-storey mall will have 105 shops. The cost of the project is estimated at €120 million. Construction is expected to start in the second half of 2024.
Limassol currently has a shopping centre called My Mall.
My Mall is one of the city's most prominent and modern landmarks. The mall was opened in mid 2009. My Mall is located in the Zakaki area, close to the New Port and the integrated casino resort City of Dreams Mediterranean. The mall features more than 120 shops, an early development centre, an ice rink, a video games and bowling zone, restaurants and cafes.
It has been announced that the owners of My Mall intend to carry out a radical modernisation of the shopping centre. In particular, the mall building will be expanded to accommodate more shops, restaurants and entertainment venues of Cypriot and international importance. In addition to increasing the commercial area by 6,000 m2 and renovating the interior and exterior of My Mall, Dorsel (BAZ) Ltd and Ari Real-Estate (Arena) Investments plan to develop residential areas on the mall's territory. Next to My Mall they are going to build a residential complex with a total area of 8 thousand m2, which will include 150-160 flats. In this way, the investors intend to meet the housing needs of the employees of the Zakaki district.