Property developer Atterbury Europe’s Mall of Cyprus Phase 1 expansion has opened to shoppers with an added 6 000 m² of retail space, 15 new retail brands, six new food and beverage concepts and 300 extra parking spaces.

The €30-million expansion of the Mall of Cyprus was designed to further Atterbury Europe’s strategy to maximise the value of its assets.

Atterbury Europe grew out of 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 the Mall of Cyprus has proven to be an instant success and attracted more than 100 000 visits over its first trading weekend,” stated Atterbury Cyprus development manager Pieter Olivier.

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 new dining choices have been added to its variety.

The mall’s parking area was also 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.

“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,” said Atterbury Group CEO Louis van der Watt.

Phase 2 of the expansion, which will be completed in July, will result in the former food court areas being converted to entertainment and retail areas. This will introduce more new stores and several existing shops will be strategically relocated to optimise adjacencies.

“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,” said Olivier.