High-rise projects are still under construction in Limassol, preparing for launch. This was not even prevented by the decline of the Cypriot “golden passport” scheme, due to which some luxurious towers were frozen.
The island’s environmental authority has authorized the construction of two high-rise buildings, 81 meters and 75 meters high, added to the coastal city’s skyline.
One of the projects of CYAGAMA LTD concerns the construction and operation of the residential complex Westminster Residences in Germasogeia.
The main building includes 17 floors of apartments, a roof garden with a swimming pool, a basement with a gym, hammam, changing rooms and parking for 44 cars.
The other two buildings will be 18 meters high, including four floors of apartments and two outdoor swimming pools on the third and fourth floors. Developers are targeting local residents and foreign investors, claiming the project will add value to the area.
The environmental department noted that there is no special protection zone or object of public importance near the site. The nearest corridor is a passage for migratory wild birds located 475 m west of the project area, and the nearest protected area is Limassol Forest 4.5 km to the north.
The second project called “Clelia” is located in the municipality of Agios Tychonas. It includes a modern residential building of 19 floors with underground private parking.
The complex will have a height of approximately 75.3 meters and will include a private swimming pool and gym. In total, the complex will house 26 residential units and 41 parking spaces.However, according to the environmental department, this project may face unexpected difficulties. It is noted that there may be ancient artifacts at the location, since the ancient settlement of Amathus is located nearby.
For this reason, a condition was added that the antiquities department would oversee the construction of the project. This will allow to control the possible discovery of elements of cultural and archaeological heritage.
Limassol has been the darling of foreign investors who have been eyeing the Cypriot passport under the citizenship by investment scheme. But after the scheme closed in November 2020, allegations of corruption caused some high-rise projects to be put on hold or scaled back.
Source and photo: https://www.news.cyprus-property-buyers.com edit by estateofcyprus.com