Nicosia Mall
 | |
 Inside view of Nicosia Mall | |
| Location | Nicosia, Cyprus |
|---|---|
| Address | 2 Madrid Street, 2306 Nicosia, Cyprus. |
| Opening date | November 21, 2018 |
| Developer | Nicosia Malls Properties (NMP) Ltd. |
| No. of stores and services | 140+ |
| Total retail floor area | 82,000 square metres (880,000 sq ft) |
| No. of floors | 3 (UG, GF, 1) |
| Parking | 1,700 spots |
| Public transit access |  N1 16 400 405 NICOSIA MALL |
| Website | https://nicosiamall.com |
Nicosia Mall is a shopping mall located in the Lakatamia-Anthoupolis area, southwest of the centre of Nicosia, capital of Cyprus. It opened in November 2018 and is the largest mall in Cyprus.
History
[edit]Plans for the mall were announced in 2010.[1] Construction of the mall began in 2011 but work was suspended during an economic crisis in 2013. In 2017, Bank of Cyprus supported a €25 million refinancing and restructuring of the Nicosia Mall development, becoming a shareholder in the parent company, NCMH Nicosia Mall Holdings Ltd.[2][3] The move helped construction resume in 2017, and the project was then completed in 14 months. After it opened on 21 November 2018,[4][5] it averaged 407,000 visitors a month (3.7 million in total) in the first eight months of 2019.[6] In late 2019, Bank of Cyprus sold its 64% stake in the Nicosia Mall for around €96m to buyers including retailers with stores in the mall.[2]
In early 2020, during the COVID-19 pandemic in Cyprus, Nicosia Mall closed all its stores apart from the Athienitis supermarket,[7] though some stores later operated 'pick-up' services allowing customers to collect online or telephone orders.[8] All shopping malls were closed during the 2020 Christmas period,[9] finally reopening in February 2021.[10]
Facilities
[edit]The Mall has a total floor area of 82,000 m2 (880,000 sq ft), making it the largest mall in Cyprus;[11] it is also the largest in terms of number of outlets.[12] It has 48,000 m2 (520,000 sq ft) of retail space provided by around 140 outlets ranged over three floor levels, with mostly underground parking for 1,700 cars.[4][11] It also houses a food market and a six-screen Rio Premier cinema[4] which also offers open air cinema screenings.
Transport access
[edit]Nicosia Mall is situated on the south side of the A9 motorway, northwest of the Anthoupoli interchange. It is connected to the city via four bus routes.[13]
See also
[edit]References
[edit]- ^ Howarth, Nigel (2 December 2010). "Plans for new shopping malls in Cyprus". Cyprus Property News. Retrieved 17 August 2022.
- ^ a b "Bank of Cyprus sells Nicosia Mall". Cyprus Mail (Press release). 22 August 2019. Retrieved 18 August 2022.
- ^ "Ashurst advises Bank of Cyprus on refinancing and restructuring of Nicosia Mall (6 October 2017)". Ashurst (Press release). Retrieved 18 August 2022.
- ^ a b c Turner, Katy (20 November 2018). "New Nicosia mall to welcome the crowds". Cyprus Mail. Retrieved 17 August 2022.
- ^ "Doors open at Nicosia Mall". e-kathimerini.com. 21 November 2018. Retrieved 17 August 2022.
- ^ "CYPRUS: Nicosia Mall clocks up 3.7 mln visitors in first 8 months". Financial Mirror. 5 August 2019. Retrieved 17 August 2022.
- ^ Shkurko, Jonathan (16 March 2020). "Coronavirus: Nicosia Mall closed with the exception of Athienitis supermarket". Cyprus Mail. Retrieved 17 August 2022.
- ^ Theodoulou, Nick (11 December 2020). "Coronavirus: shopping malls say unfairly targeted, state creating economic hardship". Cyprus Mail. Retrieved 17 August 2022.
- ^ Agapiou, Gina (14 January 2021). "Coronavirus: MPs not satisfied with reason given for closing malls before Christmas". Cyprus Mail. Retrieved 17 August 2022.
- ^ "Coronavirus: Shops slash prices to draw crowds as they re-open". Cyprus Mail. 8 February 2021. Retrieved 17 August 2022.
- ^ a b fm (2019-08-21). "CYPRUS: Recently opened Nicosia Mall to change owners". Financial Mirror. Retrieved 2022-08-16.
- ^ "The best shopping experience Cyprus has to offer". Scala.Cy. 19 October 2021. Retrieved 21 August 2022.
- ^ "Cyprus By Bus". m.cyprusbybus.com. Retrieved 2022-08-16.
External links
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