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  • 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 marina edging forward

   

THE LARNACA marina and port project, which has been stalled for more than 10 years by bureaucracy and legal battles between competing bidders, seems to be moving forward. According to a statement made on Tuesday by Transport Minister Marios Demetriades the target is to sign contracts for the  ambitious project by the end of 2017. In November last year the government requested submissions of interest by prospective investors and expected that the successful bidder would be selected by August 2017. Larnaca marina development strategies The first development strategy includes the creation of a marina to hold 750 50-metre yachts, 50-60 mega and Giga yachts and a 300m cruise ship. The second choice provides 600 50-metre yachts, 25 mega or Giga yachts and a 250m cruise ship, while the third choice is identical to the second but has place only for 10-15 mega and Giga yachts. The second choice, estimated at €150-€185 million seems to be the most advantages of the three, while all three plans have 20,000m² available for apartments and villas, 7,000-10,000m² for offices, a commercial centre and a 250-bed luxury hotel. The northern part of the 510,000m2 site will be used exclusively for port operation.

Read more at: http://www.news.cyprus-property-buyers.com/2017/03/01/larnaca-marina-edging-forward/id=00152222
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