Core Insights - The shopping center market in Cyprus is experiencing continuous expansion, with total sales projected to reach approximately €650 million in 2024, creating around 12,500 jobs and contributing €160 million to €180 million in tax revenue [1][2] Group 1: Market Performance - The total foot traffic for shopping centers in Cyprus is expected to grow, reaching 24.2 million in 2023 and 25.2 million in 2024 [1] - Mall of Cyprus is projected to achieve a net profit of €10.5 million in 2024, reflecting an 8% year-on-year increase [2] - Mall of Engomi has turned around its financial performance, reporting a net profit of €1.1 million in 2024 after a loss in 2023 [2] Group 2: Expansion Plans - Nicosia Mall plans to construct Limassol Mall with an estimated investment of €120 million, awaiting construction permits to address the retail market gap in Limassol [1] - My Mall Limassol is undergoing a €20 million renovation and plans to introduce a Zara Homme store by 2026, along with a residential building project costing approximately €40 million [1] - Neon Mall Paphos is set to open an expanded area in Spring 2026 due to increased foot traffic and leasing demand [1]
塞浦路斯购物中心市场持续扩张,2024年销售额达6.5亿欧元
Shang Wu Bu Wang Zhan·2025-05-06 16:32