11.04.2023
Municipality of Agios Athanasios in Limassol has been enriched by new developments that relate to office and commercial projects, as well as public squares and parks.
Large-scale development is the intention of bbf :, which, as you know, has recently acquired KEAN and plans to continue expanding and improving the historic property. In addition, ” Medochemie ” “greens” the industrial zone , and the construction of new high-rise buildings on the seashore is underway. In addition, a shopping center has been under construction for many years and is being developed according to plans by Atterbury .
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bbf : updates the historical property of KEAN
bbf is looking to expand KEAN following a recent acquisition. bbf CEO : Lefteris Constantinou indicated that the company intends to continue expanding and improving the historical property with various investments.
“KEAN Factory is spread over 40 acres to the east of Limassol , in an iconic area of great value that has identified interesting investment opportunities. While preserving the historical character of the site and respecting the surrounding area, we will consider upgrading the entire area. The bbf philosophy is to combine historic property with new investment,” he said.
Public park, squares and pedestrian street
Medochemie is renovating the industrial zone with the creation of a public park with a total area of 19,953.47 m 2 , which will include squares, footpaths and parking lots. This is a project with an estimated cost of 2,770,000 euros approved by the Department of the Environment.
The complex is located in the state industrial zone of the municipality of Agios Athanasios , namely – in the parish of Agios Stylianos in a quarter with a total area of 25,459 sq.m.
Multi-storey office building
A multi-storey office complex is under public discussion in the artal area adjacent to the coastal road, within the administrative boundaries of the municipality of Agios Athanasios .
The 13-story building will also include a basement, mezzanine and underground floor, as well as three levels of parking (one basement and two underground). It will include a total of 336 parking spaces. The height of the multi-storey building will be 64 meters, approximately, from the mark of the street adjacent to it from the south.
The project owner is Ms. Anna Pitsilidis , and the estimated cost of the proposed development is around 20 million euros.
Will a new mall be built?
Atterbury ‘s plans include the construction of a new shopping center, specifically in the block near Jumbo , in the Linopetra area .
The project has been underway for several years and, according to available information, large retail and catering chains have already applied for participation in the project.
It is noted that Atterbury The Group is active in the development of commercial, retail and residential real estate in South Africa, the rest of the African continent and Europe.
