What this guide covers
Commercial Agreement with Alfamega
Atterbury Europe, the promoter of the proposed Mall of Limassol in the Agios Athanasios area, is pleased to announce that it has reached a commercial agreement with the leading hypermarket chain Alfamega. Alfamega will be one of the key tenants in the proposed development, enhancing the shopping experience for future visitors.
Bank Financing Secured
The Eurobank Group has received credit approval to provide the required bank financing for the proposed development on agreed terms and conditions. As Henk Deist, CEO of Atterbury Europe, stated: “We are delighted with the banking and commercial support we have received from leading players in the Cypriot market. With the approval of the bank financing, our development is now fully funded, including money for our share of the infrastructure upgrade required by the traffic impact assessment study. Once we receive the required permits, we are ready to begin.”
Impact on the Cypriot Market
The successful securing of a commercial agreement with Alfamega and the bank financing from Eurobank Group signifies strong support from key stakeholders in the Cypriot market. This development is expected to provide significant economic benefits to the Agios Athanasios area and the wider Limassol region.
More about Limassol
Mesa Geitonia property prices from 1,009 live listings: flats ask €440,500, two-beds €450,000 on a 5.3% gross yield. See rents, bedroom mix…
Agios Athanasios Limassol property prices from 1,072 live listings: apartments €487,800, houses €1.35M, plus rents, yields and area comparisons.
Germasogeia property prices from 2,639 live listings: 2-bed flats €659,500, houses €1.7M. Rents, yields and how it compares to the rest of…
Keep reading
The government’s Ktizo plan has launched its initial phase, aimed at enhancing living conditions in refugee estates across Cyprus. Interior Minister Constantinos…
Cyprus’ Environment Commissioner, Antonia Theodosiou, has proposed a ban on construction within 100 metres of the coast, aligning Cyprus’ laws with the…
In today’s competitive real estate landscape, forming strategic alliances is key to staying ahead. As one of Cyprus’s leading real estate platforms,…