Metropolis Mall in Larnaca: Detailed Investment Analysis 2021

Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
WANT TO INVEST in Cyprus Real Estate?
Cyprus-Investment-20

We have made partnerships with foreign and local real estate investors like you. Join us and invest in the highest ROI project developments in Cyprus.

Metropolis Mall in Larnaca, one of the development projects aimed to modernize Larnaca, opened on the 17th of September 2021.  Series of new developments in Larnaca promote tourism, new jobs, and attract more investment to the city.

This article will go through the details of this project, updates, and opportunities to give you a clearer vision.

Metropolis Mall in Larnaca

About Metropolis Mall in Larnaca

Metropolis Mall in Larnaca is a €60 million investment project which, upon completion, cost over €80 million. This mall is built on leased land belonging to the Metropolis of Citium of the Orthodox Church of Cyprus with a lease estimation of €11 million to €13.5 million for 33 years.

This project’s investment was made by Acsion Group, a South African investment company founded by Kyriakos Anastasiades, the first investment project outside Africa. Metropolis Mall in Larnaca was intended to open at the end of 2020, but due to Covid-19 delays, it opened on the 17th of September 2021.

Visit: Metropolis Mall in Larnaca’s website

 

Metropolis Mall @ Larnaca map:

Metropolis mall Larnaca opening hours are:

  • Monday to Saturday: 8:30 AM – 10:00 PM
  • Sunday: 9:00 AM – 10:00 PM

The Structure of Metropolis Mall in Larnaca

Metropolis Mall in Larnaca is considered to be the biggest mall in Cyprus. The entire mall is a one-level building, with six different entrances, constructed on 39,000 m2 land. The mall is fully accessible to people with disabilities. The building design of this mall was intended to give the shoppers an experience of walking in one continuous route, which is a different design concept than the other malls in Cyprus.

Over 700 trees are being planted around the building, and The Metropolis Mall also contains a children’s playground. There are 1,530 parking lots and 138 Metropolis Mall Larnaca shops built in the mall, creating new jobs for the city of Larnaca. The mall has restaurants like McDonald’s, cafes like Starbucks, AlfaMega supermarket, brand stores like Tommy Hilfiger, Calvin Klein, Zara, Public, Mango, join brands such as Kiko Milano, Kiabi Himi, Vogue.

Metropolis Mall in Larnaca

The Benefits of Metropolis Mall in Larnaca

The significant benefits of this mall are the new jobs that were created during and after the development. Looking at Metropolis Mall Larnaca jobs building, during the development, around 1,000 jobs were made, and after the completion, about 1,400 were permanently employed.

Besides the jobs being created, Metropolis Mall in Larnaca has upgraded the city and the areas around its location. The road network in the area has been improved, and Metropolis Mall marketing consultant Marilena Palazi estimates that the value of properties has increased by 15-20% almost overnight.

On the mall’s opening day, more than 250,000 people visited the mall, and consistent visits are happening daily.

Also read: Larnaca New Marina: #1 Investment Opportunity of the Decade

Metropolis Mall in Larnaca

Connect with Metropolis Mall in Larnaca

Metropolis Mall in Larnaca has been active on social media channels and been publishing various multimedia content online. Their social media channels and some of the of their multimedia content are mentioned below:

Conclusion

Metropolis Mall in Larnaca is one of the most considerable opportunities happening within the last ten years in Cyprus. Planning investments close to this project is a big win for any investor. This opportunity wave is starting now, and now is the time to catch it.

If you have any questions regarding real estate and property investment and development in Cyprus, don’t hesitate to contact us at info@sunshadowinvest.com, call us at +357 24 816246, or Book a 20-Minutes Online Meeting.

Related: 12 Reasons Why to Invest in Larnaca in 2021

Shopping Basket

Download the PDF Guide Now: