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More high-rise towers for Limassol

A further five high-rise towers are set to line the Limassol coast road; the ‘Trilogy’ project by Cybarco next to Enaerios and the ‘Blue Marine’ project by Leptos next to the Limassol marina.

Limassol high-rise Cybarco trilogy

Limassol Trilogy Project – Photo credit: Cybarco

FIVE more high-rise towers are set to be built in Limassol, already home to several skyscrapers along the city’s coast road.

The developments come in the form of two new projects. The first, by Cybarco, has been christened Trilogy and consists of three towers set to be built on a seafront plot next to Enaerios.

Cybarco said all permits have been obtained and construction is set to begin in the new year. The completion date is expected to be 2023.

The project entails the construction of three towers. The west tower which will be 39 levels, the east with 36 levels and the north with 37 levels.

Meanwhile, the Blue Marine project, by Leptos, has received the nod from the environment department – under conditions – and is now awaiting a planning permit from the Limassol municipality.

Set to be built next to the Limassol Marina, it entails four buildings. Two towers 29 and 33 floors and two buildings, five and nine floors each.

The buildings will house luxury residences as well as indoor and outdoor swimming pools, a health and spa centre and eating facilities.

Before a building permit is issued, the company must first prepare an environmental baseline survey and a disposal plan for underground water that may need to be drawn during construction.

If approved by the environmental department, then a building permit can be granted for construction to move forward.

Environmentalists have voiced concerns over Limassol’s quickly changing coastline that already boasts many high rise buildings including Cybarco’s Oval project, the tallest office building in Limassol at 16 floors or 75 metres.

They argue residents living behind the tall buildings will be cast in shadow and there are concerns over inadequate parking spots – the city’s eternal problem. Both new projects include the creation of more parking spots.

Other high-profile buildings include One Residence on the sea-front, which will rise 170 metres and consist of 37 storeys, making it, according to developer Pafilia, the tallest residential sea-front tower in Europe. However, plans are also underway for the Lanitis Seafront that is to be built on the Lanitis mansion site where one of the towers will boast 37 floors.

Leptos Estates’ meanwhile will build Limassol Del Mar which will not go as high as some of the other residential developments but will stretch across 170 metres of the sea frontage.

Another concern is that after being purchased the luxury residences will remain empty as they will be popular mostly with those wanting to take advantage of Cyprus’ citizenship by investment scheme, introduced in the wake of the 2013 economic crisis.

The scheme states that foreigners who invest €2 million in the property market or Cyprus-based companies, including a residence worth at least €500,000, can obtain citizenship.

Readers' comments

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  • Alan says:

    To Ed. Thank you for the information regarding the Cybarco/Lanitis connection. Yes, the Number One building (Also 37 stories) is already being built on the land, between the Twin Towers and Kanika Sea Forum building.

  • Alan says:

    Surely the photograph is showing the projected skyscrapers for the for Lanitis mansion site. Is this now to be named Trilogy? The article seems to suggest that the Trilogy block is a separate development.

    Ed: Cybarco Holdings Ltd is a subsidiary of Lanitis and I got the artist’s impression from the Cybarco website. The development was initially named ‘Lanitis Seafront’. Pafilia has the site on the opposite side Lord Byron and I think this is where they are their ‘One Residence’.

  • Tony Constanntinides says:

    I guess no one can stop progress no matter what the overall effect.

    What concerns me as a Cypriot is the type of titles, if any, provided to purchasers. In Australia where I now reside we developed a system called “Strata Titles” which easily and efficiently allows transfers of title to unit purchasers. My understanding of the Cyprus system is that it takes ages, if ever, to transfer titles and as such exposes purchasers to associated risks.

    We further have developed a “Strata Management” system which is efficient and effectively forces maintenance of buildings which appears to be non-existent in Cyprus as I noticed during several visits to Cyprus in the past and recently.

    Ed: Typically it takes around in Cyprus to get Title Deeds issued for a newly built property; even longer if there are planning issues, etc. As for the management of jointly-owned buildings, the law is totally ineffective.

  • sky says:

    Where are they going to find the clients for all those high rise towers offices???

    Usual Cyprus, someone starts something, everybody copies it (of course, with the help of non-repayable loans and phony guarantors/bankers/koumbari) and after a few years most of those innovative “projects” collapse, because of greed and too much competition for such a tiny market …

  • Deanna says:

    @John. Let’s hope there’s one that doesn’t hurt anyone, but crumbles the half-built towers and puts an end to more ruination of this once-beautiful island.

  • John says:

    Makes perfect sense in an earthquake zone! Could only happen in Cyprus!

    Ed: And San Francisco.

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