A double investment of the well known ESEL store in Anexartisias Street in Limassol is expected to be completed by 2022! According to a relevant report, the advent of the Swedish clothing franchise H&M in Limassol is eagerly awaited by shopping enthusiasts and it will be combined with a collaboration with the Brown Hotel chain on the same development.
The new H&M store will be over 3 floors
Its location within the historic headquarters of the iconic ESEL department store, provides an even greater impetus in Limassol, to one of the world’s most renowned retail stores. The agreement was signed by the H&M clothing chain seven months ago for the three levels of the property and covers an area of 1,500 square meters, including the basement, ground floor, and mezzanine floor.
According to the above report by the LCCI, the permit from the Municipality of Limassol was expected last month, in order to start the static reinforcement works for the basement, with the aim to open the store in May 2021.
Boutique Hotel: expected by the end of 2022
According to Panos Alexandrou CEO of Prosperity Group (same group as ‘Limassol Agora’) announces that the construction of the other floors will follow, aiming for the operation of the Limassol Brown Hotel, by the end of 2022.
The designer city hotel, consisting of 120 rooms, is a collaboration between Prosperity Group of companies and the international Brown Hotel Chain. The plans include the creation of a boutique hotel with an additional floor, a roof garden with a panoramic lounge bar, and a swimming pool.