TUESDAY, 21 AUG 2018

 

CONNECT

Facebook Linked In Twitter
INB_1000_Eng_03/08-15/11_728x90px
Invest Cyprus 30/04-30/03/2019
IMH LTD

Prodromou: Prudent Fiscal Management Will Lead To Better Days For Greeks

Aspris: Passenger Traffic Hits Record Numbers At Larnaca Airport On Sunday

IMH LTD
GAP_Group_2018_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

The Absolute Blue of the Leptos Group in Greece

In a nutshell Leptos Group has today six new Seafront developments to display all ...

Rent Prices Keep Rising in Nicosia and Limassol

Maybe the creation of more student halls this year will provide a solution to the problem ...

Polis Chrysochous – An Excellent Destination for Beachfront Properties

The trip along the Paphos coast, continues to the north side, over the quaint little ...

FROM AROUND GOLDNEWS

   

Sky Expects to Pay Advisers On Fox Deal Up to $123.7 Million in Fees

Sky said on Monday 20 August that it expected to pay its advisers between 90 million pounds and 97 million pounds ($123.7 million) if Twenty-First Century Fox ...
   

Price Index of Construction Materials Records Increase in July 2018

The Price Index of Construction Materials for July 2018 reached 100.95 units (base year 2015=100,00), recording an increase of 0.46% compared to June 2018. ...
   

4th International Compliance Forum: Managing Key Risks faced by US Correspondent Banks

Bank of Cyprus, in collaboration with IMH and GOLD magazine are presenting The 4th International Compliance Forum on Friday, 5 October 2018 at the Hilton Park ...
   

Trump Accuses China for 'Manipulating' Its Currency

US President Donald Trump has again accused China of manipulating its currency to combat US tariffs. The accusation, made in an interview with Reuters, ...
   

Industrial Turnover Index Records Increase In May 2018

The Industrial Turnover Index for May 2018 reached 104.8 units (base 2010=100), recording an increase of 11.7% compared to May 2017.   According to the ...
   

Turnover Value Index in Transport and Storage records increase in 2nd Quarter 2018

The Turnover Value Index of Transport and Storage for the second quarter of 2018 recorded an increase of 7.7% compared to the corresponding quarter of 2017. ...
   

Dr. Symeon Christodoulou Elected EC³ Chairman For Next Three Years

Dr. Symeon Christodoulou, Professor at the Department of Civil and Environmental Engineering of the University of Cyprus, has been elected Chairman of the ...
   

Aspris: Passenger Traffic Hits Record Numbers At Larnaca Airport On Sunday

A total of 253 flights, which carried 47,000 passengers, were handled by the authorities at Larnaca International Airport on Sunday 19 August, Hermes Airports ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

Invest Career 19/04-26/08
Gold_Issue_300x250px

IMH LTD