20.06.2024
BBF, a leading residential property developer in Limassol , has successfully completed the sale of four Class A office buildings with a total area of 20,000 sq. m . over the past year. m.- bbf : latitude, bbf : liberty, bbf : benchmark , bbf : summit.
Given the high demand for office space driven by increased business activity and the influx of international companies relocating their staff and headquarters to Cyprus, those investing in BBF commercial properties can realize significant rental returns – with prices in many cases approaching prices in central London and New York.
“In 2023 alone, rental prices for class A offices in Limassol increased by 20% and the upward trend is expected to continue,” BBF analysts report.
BBF’s commercial projects are located in prime locations in areas with rapid growth or dynamic business activity and feature developed infrastructure – in accordance with international A’ class standards – as well as innovative designs in line with global architectural design trends.
In addition, the company places special emphasis on ergonomic design, environmental sustainability, multi-functionality and ease of adaptation to different needs.
Elena Petropavlovskaya, commercial director of BBF, said:
“Responding to the growing demand for the purchase and rental of luxury commercial real estate, we are creating functional office premises that meet the full range of business needs – with an area of \u200b\u200bfrom 100 sq.m. for small and medium-sized businesses and an area of up to 6000 sq.m. Such real estate is ideal for locating new headquarters of large companies.
Our projects attract many companies around the world – from start-ups to large transnational organizations in the field of IT , consulting, banking and finance, industry, etc. Investors who purchase BBF commercial real estate for the purpose of subletting it can count on income from rent not less than 8%.”
BBF commercial properties come with integrated modern reception areas with high quality finishes from renowned European homes. The offices are let as Shell & Core properties , so they can be tailored to each business’s individual vision and needs.
Depending on the client’s wishes, the bbf design team : designs and implements individual design solutions, helps with the selection of office furniture and other equipment.
BBF’s portfolio also includes nine Class A commercial projects with a total area of 62,300 sq.m. Two of them – bbf:heart and bbf:line – are located on the seashore in Limassol.
