Limassol is attracting large-scale investment that is funding the construction of residential and commercial developments that will transform the city’s skyline.
If you fancy living the big city life surrounded by high-rise buildings, but New York is just a little too far from home, Limassol could be the answer. A Manhattan-style skyline is already under construction with more giant structures in the pipeline. They’ll be writing a song called Limassol, Limassol before you know it. Perhaps a better comparison would be with Dubai, similarly well-positioned at the meeting of Europe and Middle East and with a gorgeous climate all year.
A Manhattan-style skyline is already under construction with more giant structures in the pipeline
Already home to the highest commercial building in Cyprus, the sky’s the limit in Limassol. So let’s take a look at these grand plans.
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Limassol One
Once complete this 37-floor (137 metres) giant will be the tallest residential seafront tower in Europe. It will dwarf the current tallest building in the city – the Oval – which stands at less than half its height. If you have a budget to match the size of the building you’ll be able to snap up one of the 84 apartments, with a starting price of €1,855,000 (excluding VAT). But you’ll have to wait until late 2018 to move in to your plush new pad and try out the restaurants on the ground floor.
View from the top. The Promenade in Limassol
Lanitis Seafront
Consisting of three tower blocks – the highest of which will be 37 floors – to be built on the site of the old Lanitis mansion, this three-phase project is due for completion in 2023. Covering 59,000 square metres (m2) its sheer scale is proof of Limassol’s big intentions. The vast site will contain 297 apartments, 10,000m2 of office space, 1,800m2 of commercial space, three swimming pools, green areas and lots of parking.
Limassol Del Mar
With work already underway on this €350 million landmark project, it won’t be long before the 168 luxury properties with hotel-style facilities and services are completed. And that doesn’t just mean residents will be able to enjoy a gym; there will also be a clubhouse, spa, tennis court, indoor and outdoor swimming pools and high-end shopping facilities.
All this is just the tip of the iceberg in terms of large-scale development in Limassol
The Landmark
This 30-floor mixed-use development next to Limassol Zoo will house 233 apartments, a spa, fitness centre, lobby and a plaza around which 14 commercial units will be developed.
All this is just the tip of the iceberg in terms of large-scale development in Limassol. Planning permission has also been granted for several five star hotels and yet more apartment blocks. This high-level investment perfectly demonstrates the city’s long-term potential for overseas property buyers.
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