Insider Business Conditions set before former Stephanides headquarters gets to host new Jumbo

Conditions set before former Stephanides headquarters gets to host new Jumbo

The Town Planning Authority is setting a number of conditions before it gives the green light for the former headquarters of the Stephanides Group near the Mall of Cyprus in Nicosia to host a new Jumbo store.

The land and buildings which hosted the Group are now in the hands of Banks of Cyprus. And the lender’s special unit managing foreclosed property has reached agreement with Jumbo Trading Ltd – the Greek Group’s subsidiary in Cyprus.

In a reply to a written question submitted by Green Party MP George Perdikis, Interior  Minister Constantinos Petrides said that a relevant urban planning application for additions to the premises could be approved if commercial, environmental and traffic assessment studies are submitted before a Special Committee.

This is composed of the Permanent Secretary of the Ministry of Commerce, the Director General of the European Programmes Directory, the Director of Town Planning Authority, the Director of Public Works, and the head of Town Planning Board.

On the anticipated problem of traffic congestion in the area, the Minister said that this will be examined within the context of any application for a planning permit which will also include a traffic impact assessment study.

A letter sent from the Town Planning Authority to Introserve Properties which owns the specific property, notes that the proposed new use may come under the category of a “supermarket”.

However, the proposed development deviates from the policy under covering supermarkets in the Local Plan. And it is also not included in those permitted within the Special Area OP5, in accordance with the provisions of the capital’s Master Plan.

Nonetheless, the Town Planning Authority may approve the development if it follows a procedure provided for in the Local Plan. The company, along with the application, should also submit Commercial, Environmental and Traffic Impact studies.

 

Read more:

https://in-cyprus.com/new-jumbo-store-in-cyprus-by-summer-2020/

 

 

 

 

 

 

Top Stories

EU to remove Serbia, Montenegro from coronavirus safe list – sources

  The European Union is set to remove Serbia and Montenegro from its safe list of countries from which non-essential travel is allowed, while including...

Cyprus to set up agency to promote tertiary education sector

  House President Demetris Syllouris met on Tuesday with Ministers and academia representatives to discuss the establishment of an agency to promote the tertiary education...

One tests positive to Covid-19, a foreign national permanently residing in Cyprus

One more person has tested positive for coronavirus after 1754 tests, the Health Ministry said on Tuesday, raising the total in Cyprus to 1,023. The...

Random Covid-19 tests at airports to double to 600 a day

    The number of random Covid-19 tests to be held among arriving passengers from Group A and B countries is to be doubled from 300...

Yellow alert for Wednesday, temperatures to edge down from Thursday

    The Met Office has issued a new extreme high temperature warning for tomorrow, the fifth in as many days. The yellow alert is in force...

Taste

Halloumi cheese fingers

Ingredients Serves: 2 1/2 tablespoon olive oil 175g (6 oz) halloumi cheese, cut into sticks 1 dessertspoon lemon juice 1/4 teaspoon dried oregano freshly ground black pepper to taste Method Prep:5min ›...

Koupes (cracked wheat pies) with mushrooms

Ingredients: For the dough: 1½ cup bulgur wheat 2 cups water 1 tsp. salt For the filling: 250gr. mushrooms, finely chopped ½ cup of olive oil 2 big onions, coarsely chopped 1...

Fried zucchini balls with halloumi

Ingredients: 6 medium zucchinis (approximately 1kg) 1 small onion, grated 1 large halloumi (about 250gr.), grated ½ cup simple flour 2 tsps. fine lemon zest 2 big eggs 1 tbsp. fresh...

Rocket salad

Ingredients: 4 cups rocket leaves, rinsed and dried 1 cup cherry tomatoes 1 cup pomegranate seeds 1 red bell pepper ½ cup croutons 2-3 light cheese slices (grated) salt ½ of a...