Limassol Marina: Landmark Project For Cyprus Completed

Limassol Marina: знаковый для Кипра проект полностью завершён
5 July 2021 Liza Medvetskaya

Limassol Marina CEO Nikiforos Pampakas said the construction of Cyprus's first large-scale port is finally complete.

By the way, the implementation of the Limassol Marina project has played a major role in transforming the face of Limassol and helped to enhance the image of the island on a global scale.

The resort has not only contributed to the improvement of the surrounding area, the development of local businesses and the creation of new jobs, but also made Cyprus one of the leading and popular destinations in the maritime yachting industry. The project has served as a catalyst for many new beginnings in the surrounding area, which, in turn, has caused an influx of high-level tourists, investors, companies and professionals from various fields of business to the island.

Having consistently made a positive impact on the economy of its country, Limassol Marina has demonstrated excellent results, including:

  • real estate sales totaling over €500 million,
  • property buyers of more than 50 nationalities,
  • the arrival of more than 7 thousand yachts in the harbor since its opening, including 275 world famous super-yachts, the largest of which are 111 m and 143 m long,
  • more than 4 thousand visitors to restaurants and shops of the resort every day.
The €400 million Limassol Marina has received international awards such as the Blue Flag and Five Gold Anchor Platinum Marina. The resort, which has already sold over 90% of its 285 unique residential properties, has confidently established itself as one of the most prestigious addresses not only in Cyprus, but throughout the Mediterranean region. As the only real estate complex to create a lifestyle of “Living by the Sea”, Limassol Marina offers ready-to-move apartments and villas surrounded by water. There are only a few properties left for sale in the marina, Pampakas said.

As you may know, the Limassol Marina project was implemented by Limassol Marina Ltd. Its shareholders are Avax S.A, Francoudi & Stephanou Ltd, Cybarco Ltd, LMDC Ltd, G Paraskevaides Ltd and Stamoland Properties Ltd.

Project Contractor: Marina Lemesou Joint Venture - Avax S.A., Cybarco Contracting Limited and G Paraskevaides Ltd. The architecture of Limassol Marina was developed by the French company Atelier Xavier Bohl in collaboration with Sogreah Cyprus Limited - A.F. Modinos & S.A. Vrahimis Architects & Engineers.

It should be noted that the final stage of the project was the implementation of a new unique residential complex Castle Residences, which opened its doors in early June 2021.

The elite complex is designed for more than 60 luxury apartments with two, three, four bedrooms, ranging from 114 to 248 m2. In addition, Castle Residences has duplexes and penthouses with private rooftop pools. All apartments have covered and / or open terraces. The apartments are located within walking distance from luxury boutiques, shops, restaurants and bars, recreation areas and cultural sites.

Castle Residences has many unique advantages for owners:

  • professional concierge service,
  • exclusive, direct access of the owners to the sea, as well as swimming pools on the territory of the complex,
  • private parking and storage rooms,
  • priority right to berths adjacent to the residential block,
  • round-the-clock security service,
  • rental and property management services.

At the same time, despite the rather high cost of real estate in the complex, there are only a couple of housing units left in it. This is because this is the last chance to become a real estate owner in this unique location. By the way, all apartments in other residential projects on the territory of Limassol Marina are already sold out.

Limassol Marina: знаковый для Кипра проект полностью завершён

More detailed information about the project and a list of all available objects for sale and rent can be found at the link. DOM Real Estate also has the largest number of Cyprus properties - from residential to commercial. Choose and contact professionals who will help you make the right choice!
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