The goal for Larnaca’s Metropolis Mall to be in operation by Christmas 2020 is feasible, according to representatives of the South African development company Acsion Ltd which is behind it.
The first phase of construction work has been completed,at a quick pace and the project which is in the hands of “Iacovou Brothers” is entering the second phase.
Optimism is high that Larnaca’s new commercial centre will be completed before 2020’s end.
On the commercial side, the first contracts with owners of leading brands have been signed including the Symeonides Group which represents Marks & Spencer as well as Costa Coffee.
Also, with the Mallouppas & Papacostas Group which represents Stradivarius, Mango, Intimissimi, Calzedonia and Tezenis. In addition, an agreement with BeautyLine shops of Ch. A. Papaellinas has been signed, along with Costas Papaellinas’ Mac and Inglot.
At the same time, negotiations are at an advanced stage with other groups in Cyprus, such as Alphamega supermarkets and Saywear (Zara etc). Metropolis owners are also in discussion with representatives of brands available for the first time in Cyprus, insiders also said.
Acsion Ltd was founded by Greek origin Kyriacos Anastasiades and the Metropolis Mall will be his first investment outside the African country.