Cyprus Property News magazine for overseas buyers & real estate investors

Thursday 9th July 2020
Home Articles Manhattan skyline for Limassol?

Manhattan skyline for Limassol?

High rise buildings in Limassol Cyprus
Manhattan Skyline

THE SKYLINE of Limassol, which already boasts the highest commercial building in Cyprus, is set to be dominated by high-rise buildings in the coming years.

The Oval is currently the tallest commercial building in Cyprus at 16 floors, with 2 underground parking areas. Just a few metres from the sea it is also close to Limassol’s town centre and will soon be joined a number of other high-rise developments, including:

At 37 floors and 137 metres, the Limassol ‘One’ is set to become the tallest residential seafront tower in Europe. According to reports it will comprise of 84 residences with a starting price of €1,855,000 (excluding VAT) and commercial units and a restaurant on the ground floor. Anticipated delivery date is Q4 2018.

A second development , the ‘Landmark’ will be a mixed-use 30 floor development next to the Limassol zoo comprising 233 apartments, spa, fitness centre, lobby and business centre – and a plaza around which 14 commercial units will be developed.

The 59,000m2 ‘Lanitis Seafront’ project is to be built on the site of the old Lanitis mansion. It will consist of three tower blocks, the highest of which will have 37 floors. It will comprise 297 apartments, 10,000m2 of office space and 1,800m2 of commercial space.  Three swimming pools are planned, as well as green areas and 1,500 parking spaces of which 900 will be open to the public. The project will be carried out in three phases and is expected to be completed in 2023.

Construction of the ‘Limassol Del Mar’ project on 34,000m2 of seafront land at Germasogeia has started. When completed it will provide 168 properties with hotel-style facilities and services, clubhouse, gym, spa, tennis court, indoor and outdoor swimming pools and high-end shopping facilities. The first phase of the project, which includes 81 apartments and 31 commercial units, should be completed in 2017. The second phase of the project, which includes a 27-floor, 87 apartment building is planned for completion in 2020.

The ‘Halcyon Hotel’ on a 22,912m2 beachfront land at Ayia Varvara is expected to be operational in spring 2018. The 5 star hotel complex will consist of 183 rooms, 11 executive suites, 9 apartments and 14 villas.

The ‘iHome’, which is currently being built on 5,942m2 of land opposite the Poseidonia Hotel and the Limassol Sailing Club, will provide 28 properties in two tower blocks reaching 82 metres and 70 metres respectively.

The Four Season Hotel’s 10-floor apartment block that is being constructed next to the hotel will offer a choice of apartments from one-bedroom to a five-bedroom duplex and is expected to be completed shortly.

Planning permission is being sought for a 15-floor tower block and a 16-floor tower block in Germasogeia – and permission is awaited for a twin 25-floor project to replace the Golden Arches Hotel in the Amathunda area.

Meanwhile the Environmental Impact Board is looking at the impact of two buildings of 18 floors and 11 floors for construction on the site of the former Pavemar Hotel.

As the video from the Cyprus Mail below reveals some 20 to 30 high rise buildings are being planned for Limassol, many of which will be on the beach road. There has been very little (if any) public consultation and concerns over who is going to buy them, their impact on the infrastructure and the general aesthetics of the town.

4 COMMENTS

  1. Sell their souls to the devil for €€€€€€€ makes me so angry.
    As Kakoullis rightly says; sell-out to foreigners in exchange for a passport.

    ……and it would only take one, medium-strength earthquake…..

  2. @Chris – agree 100%, but Cyprus is too bling for this. It probably has designs on being the new ‘Dubai’. Unfortunately – to execute such projects you need all the skills, mindset and resources the island spectacularly lacks. It’s hard not to crack a smile really..

    Ed: It also needs strategic long-term planning, including infrastructure and service provision.

  3. Kakoullis has no idea what he is talking about. He is old-minded and a risk to the development of the city, and the economy.

    It is a shame that you publicise such a “low-quality” report.

    Maybe you should interview people from the most affected group, aged 25-40.

    Ed: Everyone is entitled to have an opinion and of course you may disagree.

    You may recall in 2009 that a former interior minister stated that “the property market in Cyprus is stable and secure, and property buyers must be absolutely certain that their investments are safe here; indeed, property investment is much safer in Cyprus than anywhere else. Indicatively, I could mention that despite the global financial crisis and the collapse of the property market all around the world, and in much of Europe, the estate market in Cyprus is quite healthy and still in positive growth rate.”

    I don’t know anyone who agreed with the minister’s statement – but that didn’t stop me publishing the article.

Comments are closed.

WEATHER FORECAST

EXCHANGE RATES

EUR - Euro Member Countries
GBP
1.1123
RUB
0.0124
CNY
0.1261
CHF
0.9401

TOP STORIES

Corrupt lawyers continue to plunder estates

Corrupt lawyersin Cyprus continue to plunder the estates of their deceased clients by calculating their fees for administering estates on the Cyprus Bar Association's 'Minimum Fee Regulations', which were abolished in 2018

Cyprus house price index up 2.5 per cent

The Cyprus house price index rose by an average of 2.5 per cent in the first quarter of 2020 compared to the previous quarter according to official figures from the Cyprus Statistical Service (CYSTAT)

MPs commit to expedite citizenship bills

MPs have committed to expediting the bills and regulations aimed at improving the transparency of the citizenship-by-investment programme, so that the items can be voted on before the House breaks for the summer recess.

Decision soon on Pissouri homes devastated by landslide

The government said Monday it will soon have in hand the recommendations of experts concerning the landslide in the area of Pissouri, which has seriously damaged dozens of properties throughout the years.