History of Olympia Commercial Centre

1994

Olympia Commercial Centre is built and opens it’s doors

In 1994 Olympia Commercial Centre is opened as Woolwoorth Olympia and is part of several Woolwoorth department stores opened across Cyprus. They are considered more luxurious than their UK counterpart.

2003

Woolwoorth Olympia is renamed Ermes Olympia

After a buyout of the Woolwoorth brand, all stores are renamed as Ermes.

2004 / 2005

Store renamed to Debenhams Olympia

As Debenhams UK aquires a stake in the Cyprus operation, all stores are renamed Debenhams.

July 2019

Debenhams FoodHall replaced by SPAR

In an effort to offer customers a better selection in the supermarket in the department store, Debenhams FoodHall was replaced by SPAR.

April 2020

Debenhams Olympia renamed ERA Olympia

As Debenhams PLC shuts down many stores in the UK and struggles to keep in business, all stores in Cyprus are renamed ERA, including Olympia, which contines operating as ERA Olympia.

Early 2021

Debenhams Olympia is sold to Bank of Cyprus

In an attempt to offset it’s debt, Ermes Group sells Debenhams Olympia to Bank of Cyprus in addition to another department store.

March / April 2021

ERA Olympia closes it’s doors for good

Following the sale of Olympia Commercial Centre to the Bank of Cyprus ERA Olympia closed down permanently.

2021 / 2022

Olympia Pop Up Outlet opens

Olympia Pop Up Outlet was a temporary shop, which only utilized the ground floor of the building. The other floors were inaccesible. Olympia Pop Up Outlet closed down in late 2022.

2023

Olympia shutters it’s door for the final time

After 29 years of being open, Olympia Commercial Centre seemingly closed it’s doors for the last time. Ever since the closure of Olympia Pop Up Outlet, there seems to have been no activity at the building, besides taking measures to prevent intruders from trying to enter the building and some periodic maintenance. It‘s future is still unknown.

2024

Olympia Commercial Centre still remains closed to the public with it’s future still unkown

After the closure of Olympia Pop Up Outlet there is still no activity at the building. While there is still power to the building nothing else seems to be happening at the building. Some periodic cleaning of the premises seems to take place. There are no longer people seen in the garage stealing copper wiring from light fixtures and other cables.