Investment Property in Larnaca
Larnaca, CYPRUS
LPZ5
0Bedrooms
0Bathrooms
0m²Build
293000m²Plot
NoPool
200.000.000€Price
The Project aims to develop and operate a luxury marina resort,
Situated between Larnaca and Limassol. The resort will be constructed on 293,000 sqm of privately-owned dry land and on 38,750 sqm of a governmentleased concession for reclaimed land (from the sea by way of artificial islands) for a 90-year period. The SPV will own both the private property and the government concession.
Apart from a marina, the resort will feature a large residential development with on shore villas, a commercial development, a tourist village, a hotel and an exhibition center.
The resort, considered to be a landmark project, targets high net worth individuals by providing a place to spend their holidays as well as to host business clients.
The project master-plan combines residential accommodation with business premises and supporting hospitality services all under a marina/yachting theme. It is conveniently located close to
Larnaca city which provides residents with a level of remoteness. Yet the project’s proximity to Larnaca Airport makes it accessible to international travelers.
The marina licenses along with the casino licenses and long-term leases of public property for other development projects are part of a coordinated government effort to increase foreign direct investment into the local economy.
The price for the whole project with all licences is EUR 200 000 000.
Situated between Larnaca and Limassol. The resort will be constructed on 293,000 sqm of privately-owned dry land and on 38,750 sqm of a governmentleased concession for reclaimed land (from the sea by way of artificial islands) for a 90-year period. The SPV will own both the private property and the government concession.
Apart from a marina, the resort will feature a large residential development with on shore villas, a commercial development, a tourist village, a hotel and an exhibition center.
The resort, considered to be a landmark project, targets high net worth individuals by providing a place to spend their holidays as well as to host business clients.
The project master-plan combines residential accommodation with business premises and supporting hospitality services all under a marina/yachting theme. It is conveniently located close to
Larnaca city which provides residents with a level of remoteness. Yet the project’s proximity to Larnaca Airport makes it accessible to international travelers.
The marina licenses along with the casino licenses and long-term leases of public property for other development projects are part of a coordinated government effort to increase foreign direct investment into the local economy.
The price for the whole project with all licences is EUR 200 000 000.
