MONDAY, 15 AUG 2022

 

CONNECT

Facebook Linked In Twitter
IMH LTD

US Invests $280bn In High Tech To Compete With China

Greece Exits Enhanced Surveillance Programme 12 Years After Bailout

IMH LTD

REAL ESTATE

brought to you by Deloitte

The Icon: Construction contract signed

The Icon: Construction contract signed

Imperio Group of Companies has commissioned the construction of the luxurious residential project of The Icon in Limassol to the one of the largest construction companies in Cyprus, Iacovou Brothers.

Construction works are well underway and will be completed in twenty-four (24) months. The execution of the contract is expected to bring multiple benefits to the economy of the city, since it will create hundreds of new jobs in both the construction and service sectors.

The official signing of the contracts took place on 19 October at the headquarters of Imperio in Limassol.

The Icon will be 125 metres high and the fourth tallest building in Cyprus. The project, located on the coastal road of the Municipality of Yermasogeia, is expected to be delivered in December 2020. It will offer 54 idyllic apartments over 21 floors, all with panoramic views of the city and the Limassol coastline with luxurious amenities and services around the clock.

According to Imperio, The Icon will consist of one-bedroom apartments to penthouses and whole floor apartments, fully equipped with furniture designed by Imperio's award-winning Interior Designers team.

The 10th floor of the new high-rise development on Limassol's seafront boulevard, will house a modern restaurant with stunning views of the city, the Mediterranean Sea and beyond and an impressive infinity-edge pool which seemingly stretches into the infinite horizon.

Upon completion of the project, the projected sellout will exceed €100 million, while 35% of the luxurious apartments has already been sold.

In his statements, Iacovou, CEO of the Iacovou Group of Companies, welcomed the signing of the contract, saying that Iacovou Group is very delighted for undertaking the construction of the project and is looking forward to the successful implementation of this iconic building which will constitute a future landmark for the city of Limassol and Cyprus in general. The opportunity to join forces with an esteemed and respectable organisation like Imperio Group provides us with the ability to work closely towards a successful goal.

The project is emblematic both for Limassol and Cyprus in general, since, according to Misirlis, Director of Imperio, "this is an impressive building in terms of design and specifications that will adorn the coastline of Limassol for in the coming decades". He also added that The Icon will be easily comparable with similar projects in London, Paris, Miami and New York.

MORE ON REAL ESTATE

Global Construction Consultancy DG Jones & Partners Moves Headquarters To Cyprus

‘Cyprus can act as a bridge between three continents’

Transparency in Real Estate - Costs to Expect During Property Transactions

Are you a first-time buyer looking to invest in real estate in Cyprus? Rental yields ...

The Limassol Allure: Why International Businesses are Attracted to the Seaside City

The path towards home ownership can often be a long one, given the various parameters ...

FROM AROUND GOLDNEWS

   

Epic Invests In Renewable Energy Sources To Battle Climate Change

Epic, as a pioneering company, is investing on green and sustainable development, aiming to the reduction of the company’s ecological footprint and ...
   

New Residence Permits Reach Pre-Pandemic Levels In Cyprus And The EU, According To Eurostat

New residence permits issued in the European Union, as well as in Cyprus, to non-EU citizens in 2021 reached pre-pandemic levels, according to data on first ...
   

US Invests $280bn In High Tech To Compete With China

US President Joe Biden has signed a law committing $280bn (£232bn) to high tech manufacturing and scientific research amid fears the country is losing ...
   

Property Values In Cyprus Continue Upward Trend In Q2 2022

KPMG in Cyprus announces that the “RICS Cyprus Property Price Index with KPMG in Cyprus” has been issued for Q2 2022.
   

Greece Exits Enhanced Surveillance Programme 12 Years After Bailout

Greece will be "turning a page in its modern history" as the European Commission confirmed on Wednesday that the country will exit its enhanced ...
   

PASCAL Schools Join Leading Education Group Globeducate

PASCAL Schools have joined Globeducate, one of the world´s leading K12 education providers, with 55+ premium bilingual and international schools, and online ...
   

Eurostat: Young Air Transport Workers Most Affected By Pandemic's Impact On Sector

The decline in passengers in air transport as a result of the COVID-19 pandemic had a pronounced effect on younger workers due to staff reductions by airlines ...
   

Cyprus One Of Few Countries That Implemented Central State Aid And De Minimis Registry

Commissioner for State Aid Control Stella Michaelidou has welcomed the fact that her Office has taken the lead at European level and has been an example for ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

bloomberg_19/7-28/9
maritime_cyprus_conference_9/8-11/10

IMH LTD