Since 1970
Call us: +357 (24) 822 870 // www.palourtis.com

Newsletter

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 15 July 2019 Larnaca new high rise tower projects

    In Larnaca, some 20 – 30 high-rise residential developments and hotels... read more

  • 27 June 2019 Home Saves homes but also sells them away

    On September 2, applications for the Home project will begin. Yesterday the... read more

  • 18 June 2019 Citizenship by Investment Property Fair in Beirut Lebanon

    On 13 and 14 June 2019 we took part, together with our legal team, in the... read more

  • 13 May 2019 Petrolina will move storage units by years end

    read more

  • 6 May 2019 Energy saving measures grant scheme

    There are opportunities for those living in Cyprus to the reduce their energy... read more

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 15 July 2019 Larnaca new high rise tower projects

    In Larnaca, some 20 – 30 high-rise residential developments and hotels... read more

  • 27 June 2019 Home Saves homes but also sells them away

    On September 2, applications for the Home project will begin. Yesterday the... read more

  • 18 June 2019 Citizenship by Investment Property Fair in Beirut Lebanon

    On 13 and 14 June 2019 we took part, together with our legal team, in the... read more

  • 13 May 2019 Petrolina will move storage units by years end

    read more

  • 6 May 2019 Energy saving measures grant scheme

    There are opportunities for those living in Cyprus to the reduce their energy... read more

Larnaca project sold to Russian investors

Не упустите - поправка в законадательстве !

THE LEFKARITIS family has sold the Kimon Phinikoudes project in Larnaca, which has an estimated value of €10 million, to Russian investors for an undisclosed sum. Meetings between the parties concluded last Friday (13th June) with an agreement being signed to purchase the 5,504sqm. plot of land on which the project is to be built plus its original plans. The plans for the Larnaca beachfront project provide for the construction of a mixed development comprising shops, offices, residential apartments and a luxury boutique hotel. The original construction cost of the 70 metre high 20 floor project had been estimated to be in the region of €100 million. But its final cost will be determined by its final design and the timeframe for its construction. The Lefkaritis family has been in talks with prospective investors for several months. However, until this deal was concluded last Friday, it was unclear whether the Kimon Phinikoudes project would be sold in its entirety or whether strategic investors would participate in its implementation and use.

Read more at: http://www.news.cyprus-property-buyers.com/2014/06/17/larnaca-project-sold-russian-investors/id=0017775
Copyright © Cyprus Property News