Despite the global pandemic, property construction in Limassol has remained strong along the west side of the city that is now being dubbed Europe’s new Riviera by developers, Leptos Estates.
Sales at the developer’s latest, high-end development Limassol Blu Marine, have now totalled €100M as buyers seek all-around sunshine and take advantage of the country’s permanent residency programmes.
The luxury development is one of several taking shape over the past year, including bespoke residential and shopping destination Limassol Del Mar to the east and the new City of Dreams Mediterranean, to the west. At Limassol Blu Marine, the foundation of the first tower was laid with a 140-men construction crew working day and night in December.
Leptos Group’s Limassol Blu Marine will contribute significantly to the Cypriot economy and will be at the heart of Limassol, which is rapidly becoming a luxury destination for buyers to live, work, shop and dine. It will create a new prime location for the city and create jobs in both the construction and service industries.
The Mayor of Limassol has referred to the new Aktaia Odos area in which Limassol Blu Marine resides as a city within a city. It is part of a wider master plan that will see over 1.5km of multimillion-pound infrastructure investment, rivalling the regeneration of the French Riviera.
Pantelis Leptos, Deputy President of the Leptos Group of Companies, said, “We are excited to be a part of this pivotal change in Limassol, contributing to the upmarket residential, business and leisure revival along the seafront. The infrastructure investments along this stretch will act as a major catalyst and drive the development of the area at an unprecedented rate for Cyprus.
“Limassol Blu Marine is the only development that gives you the option to open an office and build a home here in one location. The uptick in sales we have seen at this development in recent months is a reflection of how people are living their lives post-pandemic, wanting somewhere with all-round sunshine and a place worth investing in.”
The development has already attracted interest from foreign investors and many buyers of high-end apartments. It aims to establish the area as a prime location for new Cypriot and foreign companies dealing with innovation, technology, and finance. Buyers from the UK, Russia, the Middle East, and the Far East are being won over by the cosmopolitan island that offers 300 days of sunshine and a permanent residency programme that allows for longer movement across the EU post-Brexit.
The high-end luxury development offers a place for residential, business and pleasure purposes, all within the area of the city abuzz with change. Set in the heart of Limassol on the seafront, Limassol Blu Marine includes a selection of one, two and three-bedroom apartments across three impressive towers named after ancient Greek Gods, all with panoramic sea views.
The architecture by Benoy Architects – the experts behind Ferrari World Abu Dhabi and Westfield London – worked with Leptos Estates to design the landmark scheme that offers an unrivalled lifestyle in the heart of the new Riviera.
Each apartment offers carefully-planned interiors maximising south-facing views over the Mediterranean Sea and includes open plan living, with large balconies, premium specification, and interior finishes with smart home technology.
Residents will also be able to take advantage of the elevated podium over the sea, which will host a spectacular 50-metre infinity pool, landscaped gardens, a double-height gym, bistro and lobby with a 24-hour concierge. A luxury health and wellness facility offering treatment rooms, sauna, steam rooms and a 25-metre heated indoor pool also makes these apartments an exceptional place to call home.
The new neighbourhood of Aktaia Odos has been master-planned with state of the art residential and commercial properties, mixed with attractive tourism and leisure options that sit in green spaces, with bicycle lanes and pedestrian walkways. In accordance with CIPA (Cyprus Investment and Promotion Agency) strategy, the area is set to become a hub for international headquarters, with some 14,000 new jobs being created.
Limassol enjoys a vibrant shopping district, nightlife and an array of cafes, bars and clubs to cater to all tastes. With a superyacht marina, Limassol Marina is all set to rival the best in Europe, alongside historical sites and the backdrop of nearby Troodos Mountains.
A one-bedroom apartment at Limassol Blu Marina is available with prices starting from €655,000. The two-bedroomed properties are available from €1,065,000, and three-bedroom apartments are available from €1,275,000.
Read more property news and features here.