ITTL Trade Tourist & Leisure Park Ltd, a 100% subsidiary of Woolworth (Cyprus) Properties Public Ltd, is the owner of a property with an area of 102.000sq.m. in a prime location in Athalassa - Nicosia. In this property, the ShacolasEmporiumPark is currently under development, a modern shopping mall with international specifications where the customer will combine shopping with leisure.
In the Shacolas Emporium Park Shopping Mall there will be a wide variety of well known retail brands in different shops. There will be a Debenhams Department Store, a Hypermarket of a well known multinational company in the sector, various fashion brands of various well known and successful international chains, a large shop with sports apparel and equipment, shops offering various other services, a multiplex cinema, restaurants and coffee shops. The total area available for use is 27.000sq.m.
In the same area there will also operate a large furniture store IKEA of the well known Swedish chain. The building will be built by the IKEA franchisee at his own cost.
Further, in order to meet the great demand for retail space in the ShacolasEmporiumPark, two more building are being developed of a total leasable area of about 12.000sq.m.
In the green area of the ShacolasEmporiumPark the «Mana Square» will be built in honour to the Cypriot Mother and a small amphitheatre for cultural events.
The total parking space in the total ShacolasEmporiumPark area will exceed 2.500.
All the above buildings are expected to be completed and operational in the second half of 2007.
