All reports tagged with: "Limassol"
Limassol is seeking to take a leaf out of Marseille’s book in an effort to inject new life into the Aktaia Street area of the city and looks set to adopt the Marseille Euroméditerranée project.
The Melco-Hard Rock consortium is expected to sign contracts for the construction of the multimillion euro casino project in Limassol later this month and should open temporary casinos later this year.
Numerous high-rise buildings, comprising commercial and residential properties, are set to dominate the skyline of Limassol; several are already under construction others are in the pipeline.
A 40 million Euro residential construction and development project is planned on the coastline of a prime area in Limassol by Russian businesswoman and philanthropist Yelena Baturinam.
Marios Shiaeles, a lawyer who was believed to have fled Cyprus with his wife in 2006 allegedly taking with him client funds estimated to be more than three million Cyprus Pounds, has been sentenced.
The head of the Cyprus Investment Promotion Agency (CIPA) has said that the Qatar Investment Authority (QIA) has shown some interest in investing in property in the Limassol area.
yoo, the global design, development and branding firm is to launch a luxury coastline project in Cyprus under the ‘yoo inspired by Starck’ brand, headed by the one of the world’s most revered designers Philippe Starck.
The number of real estate transactions for December 2012 was recently announced. Once again the number of transactions was reduced compared with the same month last year (-24%) and 2012 ‘ended’ with an 11% reduction in transaction volume compared with 2011.
A number of families who bought land in Fasoula and paid for properties to be built have been left with no homes as the contractor and property development companies have closed.
Employees of the Vassilikos Cement Public Company in Limassol have vowed to continue indefinite strike action blaming their employers for violating their collective wage agreement.