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

Hungary imposes border checks, quarantine to prevent spread of virus

    Hungary has imposed new restrictions on cross-border travel as of next Wednesday in order to prevent the spread of the coronavirus after a surge...

EU Foreign Ministers to discuss EU-Turkey relations

    Cyprus Minister of Foreign Affairs, Nicos Christodoulides, departs on Monday morning for Brussels to attend the EU Foreign Affairs Council which will be held...

Paphos highest, Limassol lowest number of Covid-19 cases as share of population

    Paphos district continues to record the highest number of coronavirus cases as a share of population, closely followed by Larnaca. According to the KIOS platform...

Australia’s Victoria state marks week of triple-digit coronavirus cases

  Australia's Victoria state marked a week of triple-digit increases in new coronavirus infections on Sunday, while a community outbreak in neighbouring New South Wales...

Further easing of restrictions in force from today

  The further easing of restrictions on gatherings and in the outdoor areas of catering establishments come into force from today, July 12, reflecting what...


Kolokasi (Taro Root)

Ingredients: (Serves 4) 1 kg kolokasi (taro) root ½ kg pork (lean belly pork or shoulder) cut into large cubes 6 tbsp olive oil 1 head of fresh celery,...


Moungra is a traditional Cypriot mezze which consists in cauliflower pickled in fermented bread dough and typically served as an appetizer or meze. It...

Cheesy Eggplant Rolls

Ingredients 4 Eggplants 2 tbsp olive oil 1 chopped onion, 2 grated carrots 1 garlic clove (sliced) ¾ of the cup finely chopped canned tomato, ½ ts sugar 1 ts oregano 2 tbsp...

Black eyed peas with chard (Louvia me laxana)

Ingredients: 2 cups black eyed peas small lemon (juice) + 1 tsp lemon zest 1 bunch Cypriot chards olive oil & lemon for serving salt & pepper Method: Step 1 Put the...