SUNDAY, 21 OCT 2018

 

CONNECT

Facebook Linked In Twitter
INB_1000_Eng_03/08-15/11_728x90px
GloriaJeans_266x90px
IMH LTD

Anastasiades’ Meeting with Akinci set for October 26

Lazarou: Cyprus on Track to Achieve Full Absorption of EU Funds

IMH LTD
INB_1000_Eng_03/08-15/11_468x60px

REAL ESTATE

brought to you by Deloitte

The Green Light Was Given for the Construction of Limni Bay

The Green Light Was Given for the Construction of Limni Bay

Cyprus Limni Resorts and GolfCources Plc announce that the license for the construction of Limni Bay at Polis Chrysochous was given, after many years of efforts and a multitude of specialized studies, fully satisfying the national environmental legislation and all the recommendations of the European Commission in order to guarantee the integrity of the turtle habitats.

The Limni Bay Resort project includes two 18-hole Signatyure Golf Courses, a club for each stadium, a high standard hotel, villas and self-contained villas, leisure facilities, a historic Lake Museum and an extensive network of footpaths and biking trails with wide landscaping. In addition, the project will be extremely high quality, will include many other environmental elements and will be fully in harmony with the natural environment of the area.

In order to achieve the above objectives, the company hired the internationally recognized company EDSA for the masterplan and landscaping, and the world-renowned architects Foster + Architects for the golf clubs and other buildings. The design of two golf courses is by Jack Nicklaus and Gary Player, who are considered among the best in the world to design golf courses.

The company said it has already spent tens of millions of euros to restore the natural environment in the area. And claim to have removed 12 million cubic meters of mining waste left behind by the previous owners.

The Paphos project is expected to be completed within 3-5 years after construction begins.

The grand project was estimated to have cost €1.5 bln with plans including a small airport when announced by the company’s CEO Nicos Shacolas back in 2013.

However, streamlined plans today do not include an airport, and the investment is believed to be roughly €800 mln.

MORE ON REAL ESTATE

Paphos Remains the Most Popular District to Overseas Buyers and Investors

Paphos is in the lead as the most popular district for overseas buyers from Europe ...

Last Homes On the Sea: 12 Villas and 19 Apartments for Sale in Limassol

Limassol Marina’s success story began with an impressive inventory of 285 ...

Limassol Del Mar: Remarkable Construction Progress as Shown in The 3rd Official Timelapse Video

Stepping above the ground is only a breath away. The fully licensed project, Limassol Del ...

FROM AROUND GOLDNEWS

   

China Grows at Slowest Pace since 2009

China has reported its slowest quarterly growth rate since the global financial crisis. The growth figure for the July to September quarter was 6.5% from a ...
   

Lazarou: Cyprus on Track to Achieve Full Absorption of EU Funds

Cyprus in on track to achieve full absorption of the EU funds earmarked for Cyprus in the programme period of 2014-2020, Lazaros Lazarou member of the EU Court ...
   

CBC: Residential Prices Index Rises for Eight Quarters but Prices Remain Moderate

The increase of residential property prices remains moderate the Central Bank of Cyprus (CBC) has said as the residential property price index in the second ...
   

Cryptos: The Future or the Next Bubble?

Cryptocurrencies have undoubtedly been the centre of attention in the markets since they were introduced. Considering the fact that everything is gradually ...
   

MAP S.Platis Awarded Contract for the Provision of Services to EASO

MAP S.Platis Group is delighted to announce the award of a Contract for the Provision of Interim Services to the European Asylum Seekers Office (EASO) in ...
   

Cobalt Air License Revoked, Company Recorded Annually €30m Losses in the Past Three Years

Cyprus’ Air Transport Licensing Authority (ATLA) decided to revoke Cobalt Air’s operating license, Alecos Michaelides, the Permanent Secretary of ...
   

Cyprus Airways Offers Free Tickets to Cobalt’s Passengers

Cyprus Airways expresses its sorrow for Cobalt’s suspension of operation and its support to everyone affected. Cyprus Airways, aiming to minimize ...
   

TUS Airways Supports Cobalt's Passengers Offering a 20% Discount

The Cyprus-based airline, TUS Airways: “Τhe Ultimate Schedule” will offer Cobalt's passengers, who already bought tickets, a 20% discount in ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

Vassos_Eliades_31/08-31/12_300x250px
Gold_Digital_Edition_300x250px

IMH LTD