The Oceanus office skyscraper, one of the largest commercial real estate properties in Limassol and part of the large-scale Limassol Blu Marine project, has been sold for an impressive €102.78 million, excluding VAT. Pandora Investments Public Ltd., part of the Leptos group of companies, officially confirmed the deal on Monday, August 4. Pandora Investments owns the project through its subsidiary, Ergomakers Ltd.
Although the agreement's details and the buyer's name have not yet been disclosed, the fact that the agreement has been signed indicates stable interest in elite commercial real estate in Limassol, especially given the continuing growth in demand from international companies, investors, and funds.
What is the Limassol Blu Marine project?
It is the first large-scale project in the western part of Limassol, an area that has long been neglected. It is an ambitious residential and business complex located on the coast, close to the new marina. The project includes skyscrapers with luxury apartments, offices, shops, and infrastructure for living and working. The Oceanus Tower is one of the central elements of the business component and is currently under construction. The Limassol Blu Marine project is set to become a gem in the crown of Limassol, the new European Riviera.
Limassol Blu Marine will offer a wide range of world-class services to ensure maximum guest comfort. These include a 24-hour concierge service, property management, cleaning and security services, and a “lock and leave” option ideal for investors. There is also an option to provide apartments ready for rent.
An impressive 50-meter infinity pool, picturesque landscaped gardens, a gym, a café, and a lobby will be located on an elevated podium overlooking the sea. Residents will have access to over 1,000 square meters of luxury wellness facilities, including treatment rooms, saunas, steam rooms, and a 25-meter indoor heated pool with natural lighting.
Investor interest is growing
According to analysts, the sale of the Oceanus Tower is a significant deal that reflects the trend of active capital inflows into Cypriot real estate. Despite unstable markets in Europe and the Middle East, Cyprus remains an attractive destination thanks to its transparent legal system, stable taxation, and high-quality construction. Limassol, the island's business hub, is particularly popular with foreign investors, especially those from the UAE, Israel, Russia, and Asia.
Interestingly, the Oceanus deal coincided with other market activities: despite high prices, there is growing demand for premium office real estate in 2025. Companies operating in financial technology, cryptocurrency, investment consulting, and IT are actively looking for high-quality offices by the sea, such as those at Blu Marine.
Prospects for the Limassol real estate market
The deal with the commercial tower in Limassol Blu Marine may serve as a signal to other developers. Demand for offices in luxury complexes remains high, especially for projects with unique locations, modern architecture, and infrastructure. Once construction is complete, experts believe that Limassol Blu Marine could become the city's new business hub, attracting companies focused on international markets.