Limassol is set to become the new hub of shopping and entertainment with the development of a modern shopping center, a collaborative venture between Nicosia Mall and the Papanastasiou Group. This ambitious project aims to fill a gap in the market, offering a comprehensive range of services and experiences for consumers in Limassol, much like Nicosia Mall has done in Nicosia for the past five years.

The new shopping center, boasting three floors and approximately 105 stores, is designed to be a prime destination for shopping, dining, and entertainment. Among its offerings will be clothing and footwear stores, technology outlets, dining areas including restaurants and cafés, cinema halls, and a playground. This diverse mix of facilities is set to provide a unique shopping and entertainment experience to the residents of Limassol.

Strategically located within the Commercial and Industrial Zone next to Jumbo, within the administrative boundaries of Agios Athanasios Municipality, the center will be built on land that does not directly border residential areas, thereby minimizing disturbance to local residents.

The application for a building permit was submitted in the first half of 2023, and currently, all related studies - architectural, environmental, traffic, and commercial impact - are under review by the relevant authorities. The construction work for this new Commercial Center is estimated to begin in the second half of 2024, with the investment cost expected to be around €120 million. Upon completion, the project is anticipated to create 1,000 new jobs, significantly contributing to both the local and broader Cypriot economy.

It's important to note that Nicosia Mall is a company of Cypriot interests, with significant Cypriot business groups like the Zorbas Group, PHC Group, Athienitis Group, and VLM Group being stakeholders.