First phase expansion of Atterbury’s Mall of Cyprus opens

Posted On Tuesday, 30 April 2019 16:18 Published by
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Building on the success of the strongest mall in Cyprus, Atterbury Europe’s first phase Mall of Cyprus expansion has opened to shoppers with an added 6,000sqm of retail space, 15 new retail brands, six new food and beverage concepts and 300 extra parking spaces.

-NICOS-SHACOLAS-

This approximately €30 000 000 expansion of the Mall of Cyprus is designed to further Atterbury Europe’s strategy to maximise the value of its assets.

Atterbury Europe grew out of the leading South African property investor and developer Atterbury. Atterbury co-invested with a consortium of private investors to launch Atterbury Europe in 2014, which is headquartered in Leiden in the Netherlands.

“Atterbury Europe’s extension of Mall of Cyprus has proven to be an instant success and attracted more than 100,000 visits over its first trading weekend,” reports Pieter Olivier, Development Manager in Cyprus.

A major focus of the Mall of Cyprus expansion was to create an exceptional food court and dining area that would act as a vibrant leisure node. The mall’s food court was relocated and modernised, and six brand-new dining choices have been added to its variety. The new food court is designed to be a drawcard for leisure and a night out and now features exterior verandas that add a whole new dimension to its experience.

The mall’s parking area has also been upgraded. Two extra levels, a mezzanine and a first floor, have been added to the existing basement and ground floor, allowing for 300 new additional parking spots across the four levels of structured parking. Most parking spaces are now under cover. Circulation between levels is easy for cars and pedestrians can access The Mall of Cyprus entrances effortlessly via staircases and lifts.

-LOUIS-VAN-DER-WATT-

“For the Mall of Cyprus expansion, we focused on enhancing the mall’s offering to its customer base with the best design practices and wisdom gained over the last 25 years as a developer,” Atterbury Group CEO Louis van der Watt.

Atterbury is celebrating 25 years of developing prime office, industrial, retail, mixed-use and residential property across South Africa, the rest of the African continent and, most recently, in Europe.

Continuing its excellent track record, Atterbury Europe in conjunction with Atterbury completed the highly complex Mall of Cyprus first phase expansion project comfortably within its original time frame to open at the end of March.

“Construction projects on existing, tenanted and trading shopping centres are much more complicated than a new build. The safety, accessibility, convenience and comfort of customers and tenants must be managed over and above the normal challenges of construction. Considering the complicated nature of the project, we were fortunate to have a fantastic team managing the mall as well as a quality contractor and professional team managing the project,” notes Pieter Olivier.

In the second phase of the expansion, which will be completed in July 2019, the former food court areas will be converted to entertainment and retail areas. This will introduce more new stores and several existing shops will be strategically relocated to optimise adjacencies.

The Mall of Cyprus extension and upgrade, dubbed ‘Expanding Experiences’ is creating unique shopping, leisure and entertainment experiences, and a favourite destination for families. It introduces great new retail brands from Cyprus and abroad.

“With this expansion, Mall of Cyprus is now a perfectly sized package of ingredients to retain and grow our customer base and remain dominant and competitive in our market,” says Pieter Olivier.

Last modified on Tuesday, 30 April 2019 16:30
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