Cyprus Mail
BusinessFeatured

Work starts on island’s first discount retail park

Work has started in Kokkinotrimithia on the outskirts of Nicosia on Neo Plaza, the island’s first discount village, which is expected to open its doors in 2020.

While the ground is being marked out, the discount village and fun park is being described as open air, with a village like layout rather than taking on the format of a mall.

The site is expected to attract tourists as well as bargain hunters from around the island.

It will be situated quite close to the Nicosia mall. Developers estimate that 400,000 people live within a 30-minute drive.

The project covers an area of 35,000m², while shops will cover an area of 10,000, with 700 parking spaces and full disabled access.

According to the project’s website there will be 45 to 50 retail units and six food outlets.

The project will also include a fun park to entertain children and offer relaxation options for visitors. A children’s area, events space and green spaces are expected to be included.

According to reports, retailers have already booked some of the shops.

 

Related Posts

Brokerages jump on report SEC stops short of banning PFOF deals

Reuters News Service

Crypto exchange Kraken has no US SEC registration plans, says incoming CEO

Reuters News Service

Mother of dead soldier makes new appeal for culprits to be punished

Jean Christou

Bankrupt crypto lender Voyager’s CFO to exit months after appointment

Reuters News Service

Church succession: The road to a new schism?

Elias Hazou

Aphrodite back in the limelight

Dr Charles Ellinas