Insider Business New strategic investment in Cyprus by Greece’s Jumbo group

New strategic investment in Cyprus by Greece’s Jumbo group

Greece’s Jumbo group has carried out another strategic investment in Cyprus with the recent purchase of the premises of the former warehouse of Orphanides Supermarket in Aradipou, Larnaca district.

The premises were in the hands of Bank of Cyprus Real Estate Management Unit (REMU).

The agreement covers a total area of ​​15,000 sq.m. of storage space on a plot of land of 29,818sq.m. in the industrial district of Aradipou. Specifically, the building consists of offices with auxiliary space of 250sq.m. and a warehouse of about 14,700sq.m.

The construction is considered to be quite solid thanks to the use of high quality materials such as sandwich type panels (walls & roofs), industrial floors, VRV heating / cooling system, suspended ceilings etc.

The property is located within a well-established industrial area consisting mainly of medium to large industrial properties with some large factories and warehouses. It has direct access to the highway and is also very close to Larnaca International Airport.

The property falls under Industrial Design Zone Bb1 with a building density factor of 180% and a coverage factor of 50% on six floors.

The company has carried out a number of significant investments in Cyprus in recent years, significantly boosting its business and further consolidating the retail toy market.

The purchase of the Aradipou warehouse follows that of the former headquarters of Stephanides Group, located near The Mall of Cyprus in Nicosia, late last year.

Jumbo Trading Ltd – the Greek Group’s subsidiary in Cyprus – now comprises a total of five stores – one in Nicosia, one in Larnaca, two in Limassol and one in Paphos.


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...