Quantuma partner Andrew Andronikou has been appointed receiver over a 52,000 sq m parcel of land located in Limassol, with ground temperatures exceeding 32 degrees Celsius.
The land is extremely well located in this busy tourist destination. It is in close proximity to the site of what is to become the largest casino in Europe, where construction is well underway. It is also a short walk to Limassol’s My shopping Mall.
The land currently has a building coefficient of 40%, however we expect that with an appropriate scheme, such as a Hotel and Leisure complex, that the building density will increase to 60% on planning consent.
For more information please contact our Nicosia Office +357 22668021 or at email@example.com