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:







Top Stories

New record number of new cases of COVID-19 on Tuesday: 152

The Health Ministry announced 153 new COVID-19 cases on 20 October, out of 4,410 laboratory tests, taking confirmed infections to 2, 839. The break-down of...

Stench in Kokkinotrimithia and Mammari due to farms and burned garbage

Citizens of Kokkinotrimithia and Mammari contacted philenews and complained that at the Kafkalla location some people threw a huge quantity of garbage and set...

Police chasing suspects in Paphos

Members of the Anti-Narcotics Unit who were watching some suspects for drug trafficking, according to first information, chased a suspicious vehicle which tried to...

71-year-old dead in accident

During an accident that took place this morning in the district of Nicosia, 71-year-old Andreas Alexandrou from Kato Moni of Nicosia District lost his...

Rain and hail in Lympia and Xylotympou (PHOTOS)

Rain and hail were seen in various areas of Cyprus. Social media users published photos from Lympia and Xylotympou. (philenews)


Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...


No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...