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Cypriot Investment Scheme
Repossession Property Yield Properties

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  • 17 November 2020 Historic day The development of Larnaca Harbour and Marina has been approved

    Historic day: The development of Larnaca Harbour and Marina has been approved read more

  • 13 July 2020 Μελέτη για τις περιοχές των Βρετανικών Βάσεων

    Ανακοινώθηκε η περιβαλλοντική μελέτη για... read more

  • 9 July 2020 Cabinet extends town planning incentives

    THE CABINET on Wednesday decided to extend existing town planning incentives... read more

  • 23 June 2020 Historic deal allows property development in British Bases

    CYPRIOTS who own land in non-military areas inside the British Bases will be... read more

  • 9 June 2020 Cyprus beaches have the best water quality in the EU

    Cyprus had the highest proportion of bathing sites with excellent water... read more

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 17 November 2020 Historic day The development of Larnaca Harbour and Marina has been approved

    Historic day: The development of Larnaca Harbour and Marina has been approved read more

  • 13 July 2020 Μελέτη για τις περιοχές των Βρετανικών Βάσεων

    Ανακοινώθηκε η περιβαλλοντική μελέτη για... read more

  • 9 July 2020 Cabinet extends town planning incentives

    THE CABINET on Wednesday decided to extend existing town planning incentives... read more

  • 23 June 2020 Historic deal allows property development in British Bases

    CYPRIOTS who own land in non-military areas inside the British Bases will be... read more

  • 9 June 2020 Cyprus beaches have the best water quality in the EU

    Cyprus had the highest proportion of bathing sites with excellent water... 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
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