Curium Palace Hotel LTD has officially begun preparations for the construction of a new mixed-use high-rise complex on the plot where the Curium Palace Hotel once stood. After receiving a positive environmental assessment from the Department of Environment, the project moved to the next stage, and the company is now awaiting the final package of permits. The project is valued at €22 million, and construction is expected to take three years.
The Curium Palace building itself had already been demolished—the licence for demolition was issued by the Limassol Municipality back in February 2023, with strict requirements regarding safety regulations and Labour Inspection guidelines. The full cycle of preparatory studies was completed in spring 2024.
Architectural concept and building purpose
A modern business complex combining office and commercial spaces will rise on the former hotel site. The project includes the construction of a building approximately 54 metres tall, featuring a basement level, a spacious lobby, multi-level office floors, a technical floor, and elevated green areas designed to provide comfortable working conditions.
The building is designed to minimise its footprint at ground level, freeing space for vertical landscaping. Architects have included terraces, open areas, and a functional rooftop that will feature a garden. The total floor area will exceed 6,000 m² of office space, along with several hundred square metres of commercial units on the ground floor. The underground section of the complex will partially match the depth of the previous structure, requiring excavation of about 4 metres.
Modern energy-efficiency standards
The complex will be equipped with its own transformer unit and a system of solar panels. Photovoltaic installations will be capable of covering nearly one-third of its energy consumption, significantly reducing operating costs and ensuring high energy sustainability. This approach aligns with European regulations, which from 2025 introduce stricter energy-efficiency requirements for urban buildings in Cyprus.
Socio-economic benefits
Once operational, the complex will accommodate about 500 employees, with an expected daily visitor flow of at least 40 people. The project will provide a major boost to Limassol’s city-centre economy, create new jobs, and enhance the overall appearance of the area. The new building will become part of the city’s growing business cluster, which has expanded rapidly in recent years due to the influx of international companies.
At the same time, the project will lead to the aesthetic revitalisation of the neighbourhood and improvement of the urban environment—replacing an outdated hotel structure with a modern space fully integrated into the existing infrastructure.
Location and site characteristics
The construction site is surrounded by various types of buildings: to the east lies a parking area and a neighbouring commercial property, while to the west stands the Limassol Archaeological Museum. Just 50 metres away is the municipal park—one of the city’s central green spaces. The plot falls within geological suitability zone 02, which requires mandatory geotechnical studies before a building permit can be issued.