Insider Business Discount village to supplement Nicosia Mall

Discount village to supplement Nicosia Mall

Local authorities of Kokkinotrimithia area where a discount village named “Neo Plaza” is to be built as well as the investor’s representatives are describing it as a ‘twin’ of Nicosia Mall with discounts being the main feature.

A public hearing took place on Friday, where architectural designs of the discount village were shown in the presence of locals and the council of Kokkinotrimithia.

The project

“Neo Plaza” will cover an area of 26,000 km2 next to the industrial area of Kokkinotrimithia and will be accessible via the Nicosia-Troodos highway. The plan is to also implement the community’s demand for a circular hub.

The village will contain 50 discount shops, 10 cafes/restaurants, an indoor playground, 250 parking spaces and a 5,000 km2 green area. It will host known brands which will offer products with 30%-70% discounts.

Although it is early enough, Insider’s information is that several groups have expressed interest in the outlet but the investor’s main concern is for the discount feature to prevail. The project is expected to create up to 150 new jobs and will attract investment.

Derogation matters

Since the project is located in an industrial zone and its commercial aspect is not permitted in such areas then there are matters of derogation.

The investor argues that it is extremely difficult to find such a space of such a size and that the proposed project is in an independent plot that does not affect the rest of the industrial area.

The development is intended to operate as a supplement to the Nicosia Mall and will not be competitive. It will rather act as an attractive destination for consumers and foreign investors.

The investor also argues that the buildings will have virtually zero energy consumption. And that, in the past, there was a plan for a model centre for elderly people to be created there.


Read more:


Top Stories

178 new cases, out of 9.884 tests announced on Wednesday

The Health Ministry announced 178 new Coronavirus cases out of 9,884 PCR and rapid antigen tests on Wednesday, 20 January, taking confirmed infections to...

Where to get antigen rapid tests on Thursday

The Health Ministry announced the following antigen rapid test sites for Thursday, 21 January 2021: LIMASSOL Parking place Sklavenitis supermarket, Germasogia 08:30-16:30 Parking place Lidl supermarket, Limassol...

Expert says too early to assess epidemiological situation

Head of the Scientific Advisory Committee on the coronavirus, Dr Constantinos Tsioutis, told CNA that it is too early to safely assess the evolution...

Inauguration of Joe Biden as the 46th President of the United States

Lady Gaga sings the National Anthem during the inauguration of Joe Biden as the 46th President of the United States on the West Front...

Building collapses in central Madrid explosion, several injured

One building collapsed in a central Madrid explosion, a Reuters reporter saw, with smoke coming out of the building and rescue workers evacuating elderly...


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...