Real Estate · Cyprus

New Mall in Limassol Approved with Traffic Mitigation Requirements by Government

2 sourcesFirst reported 3 hours agoUpdated 2 hours ago

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The Cypriot Cabinet approved a planning permit for a €95 million shopping center in Limassol, despite local opposition.
The new mall will be located in the Agios Athanasios district of Amathounda Municipality.
The decision aims to revitalize commercial activities in Limassol while addressing traffic concerns in the area through mandatory infrastructure projects.
The construction costs are estimated at €55 million, with an additional €40 million earmarked for investments.
The approval comes with specific conditions intended to mitigate potential traffic impacts from the new development.

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AI summary: catch up in 20 seconds

The Cypriot Cabinet approved a planning permit for a €95 million shopping center in Limassol, despite local opposition.
The new mall will be located in the Agios Athanasios district of Amathounda Municipality.
The decision aims to revitalize commercial activities in Limassol while addressing traffic concerns in the area through mandatory infrastructure projects.
The construction costs are estimated at €55 million, with an additional €40 million earmarked for investments.
The approval comes with specific conditions intended to mitigate potential traffic impacts from the new development.

Generated by AI from the 2 sources below · always verify with the originals