Contract for first phase of construction signed
The Leptos Group of Companies announces an important development for the real estate and construction sector, which, during these difficult times, is a strong stimulus for the Cypriot economy.
Limassol Blu Marine is a mixed-use development of international standards, located on the west coast and at the heart of Limassol, in an area that has experienced rapid growth in recent years with the development of large-scale investments. A thriving business hub, and in the midst of a major urban regeneration planned by the Municipality of Limassol, Limassol Blu Marine is positioned in front of Aktaia Odos, an area that includes Limassol Marina, My Mall, Dubai World Cruise Terminal, an international championship golf course, and the construction of the largest integrated casino resort in Europe.
The Leptos Group has appointed Lakis Georgiou Construction Ltd. to undertake the construction of the first phase of its new, groundbreaking beachfront development in Limassol. A pioneer in the construction field for over thirty years, Lakis Georgiou Construction Ltd. has extensive experience in a broad range of projects of all types, size and complexity, and is a guarantee of quality. Part of the foundation works have been completed, with the first phase of the development scheduled for delivery within 2022.
Limassol Blu Marine presents a unique destination with every need catered for. The development consists of purpose-built offices, luxury residences, world-class facilities and second-to-none services, as well as uninterrupted sea views. The elevated entrance overlooking the Mediterranean, will host an impressive 50 metre outdoor infinity pool, impressively landscaped terraces and gardens, 200 square metre gym, children’s playground, bistro, luxury lobby, and 24-hour concierge service. Residents of Limassol Blu Marine will have access to more than 1,000 square metres of luxury relaxation and wellness facilities, designed exclusively to offer treatments, sauna, steam baths and indoor heated pool.
The construction of the project will contribute significantly to the Cypriot economy through the creation of new jobs in both the construction and services fields. The development itself has already attracted interest from foreign investors and a large number of buyers of high-end, luxury apartments, and aims to establish the area as “Europe’s New Riviera,” – a prime location for new Cypriot and foreign companies dealing with innovation, technology, finance etc.
The Leptos Group is the leader in the real estate and construction sectors for more than 60 years. The Group maintains an international presence and an extensive network of business associates in more than 75 countries, creating projects of exceptional aesthetic and construction, offering unparalleled standards of quality of life and work.
Photo: Photograph taken from the signing of the Limassol Blu Marine project with the contractor on 18 November 2020.