Cyprus offers international investors attractive opportunities with a number of large-scale development projects underway.
Ranging from residential to commercial projects including marinas, golf courses and theme parks, Cyprus has much to offer investors looking for new opportunities on the island.
Current opportunities listed in alphabetical order:
Project: Aristo Eagle Pine Golf Resort
Location: Ayios Amvrosios, Paramali and Sotira villages, Limassol
Description: Set back from the coast away from life’s hustle and bustle, the Eagle Pine Golf Resort brings the pleasures of peace, tranquillity, fresh air and a drier and more pleasant climate. Located around the quaint villages of Ayios Amvrosios, Paramali and Sotira, Eagle Pine Golf Resort lies north-west of the city of Limassol and is set to become a landmark in the area. The 18-hole golf course will attract golfers seeking a total golfing experience. Known for its hybrid plan, it will offer traditionalists the opportunity to meet the challenges of strategically placed sand pits and waterways. Designed to make full use of natural features and hazards such as pine forest, shrubs and gentle waterways, its environmental diversity will give the course its unique character. A well-designed clubhouse will provide the perfect platform after an eventful game of golf.
Developer/Promoter: Aristo Developers
Project: Aristo Venus Rock Golf Resort
Location: Ha Potami, Kouklia Village (Paphos)
Description: Set to become one the largest golf resort in the South Eastern Mediterranean. With an estimated development of over €1 billion (excl. land), and a sales value of over €4 billion, the Venus Rock resort will feature and integrated resort which includes international 18-hole championship golf courses, premier residences, and commercial and leisure developments. Designed in an exclusive location, the Venus Rock Golf resort will become the island’s pinnacle of excellence.
Developer/Promoter: Aristo Developers
Project: Athena Medical Centre
Description: A unique, professional, state-of-the-art medical centre in the heart of Nicosia, on the main by-pass of Nicosia, close to the main highways, within easy reach from the whole of the island. Its purpose is to provide professional medical treatment to both local and foreign patients, with emphasis on Medical Tourism in cooperation with local and foreign specialists and hoteliers. The Centre was designed by a group of architects and doctors to create a modern environment of well-functioning professional spaces and provide ample parking space with three underground parking areas to satisfy the needs of its daily visitors.
Project: Berengaria Hotel Spa
Location: Prodromos village at Troodos Mountains, Cyprus (altitude 1500m above sea level)
Description: Hospitality & Tourism development for site located within Troodos mountain range, Limassol, Cyprus. A Business Development for a resort consisting of up to 1,050 rooms, suites and single ensuite studios. This is an Integrated Resort with a five-star Hotel (pending CTO approval), SPA, Health, Beauty and rehabilitation Centre, Athletic and Farms with organic agricultural plantations. Berangaria hotel resort is a hotel/spa/health/ski resort and offers affordable/high-end/luxury accommodation and associated amenities to local, regional, national and international tourists and travellers. For business travellers will offer a wide range of additional facilities such as conference and meeting rooms, exhibition space, including all the necessary conferencing equipment and security. The natural surroundings as well as the landscaped gardens ensure that our guests can enjoy the action/activity/adventure/entertainment/tranquillity they seek.
Project: Coral Bay Integrated Resort
Location: Coral Bay area in Paphos, within 10-minute drive from the centre of Paphos, 20 minutes from the Paphos International airport in the east, and 5 minute drive from the Akamas area (Cyprus’ largest natural reserve park) in the west. It is the assigned area for the upcoming Marina of Paphos.
Description: The 5 star Coral Beach Hotel (424 existing rooms – largest hotel in Cyprus, with available land and building sqm for extension), stretching along the bay next to Coral bay. The Luxury Boutique Thalassa Hotel (58 suites) is located on the peninsula between Coral bay and the Coral Beach Hotel Bay. Coral Seas Villas comprises of prime sea front villas on a land area of 106,000sqm with 29,000+sqm of building coefficient, adjacent to the Coral Beach Hotel on the west. Coral Bay Villas comprises of existing individual villas as well as apartment complexes, commercial and entertainment venues in various neighbouring developments with a total land area of 100,000sqm and 55,000sqm of building coefficient.
Developer: Leptos Group
Project: Del Mar
Location: Limassol sea front
Description: Del Mar is an ultra-high-end residential and commercial development on the coast line of Limassol, the most cosmopolitan city of Cyprus. Del Mar’s design, scale, location and facilities make it a unique ‘must own’ property for the affluent international and local population of Cyprus.
Developers: Leptos Group, Zavos Group
Location: Placed in a high-quality environmental zone, the project is ideally located in the Palodia area at the suburbs of Limassol city, directly connected to the Limassol-Troodos motorway and only 5 minutes from the city centre.
Description: EDUC.POLE is not only a unique project within the Cyprus borders, it represents an investment opportunity for any interested organization or individual who wish to expand or invest in a highly qualitative project. Educ.Pole is a mixed-use development having as core element ‘Higher Education’ and all its developments, involved directly and indirectly, refers to this criterion. The total surface of the property is 241.000 sqm with a 15% (36.150 sqm) designated as public green area and 15.792 sqm for road network purposes. Each development has its own parking spaces. The project has been divided in five main “poles” creating strong synergies.
Developer: Education Pole
Project: Elea Estate
Location: Paphos. Strategically located with close proximity to the Paphos International airport (4km), the beach (3km), and Paphos town and all associated services and conveniences like hospitals, schools, shopping malls, restaurants, hotel (6km).
Description: Elea Estate is an award winning integrated golf resort development, which when fully completed will incorporate a signature 18-hole Faldo golf course with full practice facilities, Hart Howerton Club House, a boutique hotel (pending approval from CTO), a village square with restaurants, cafe, bar, SPA, gym, pool complex, small shops, and around 500 properties (villas, junior villas, apartments).
Developer: Eliades Group
Project: First Electric Ltd
Location: Larnaca District
Description: First Electric Ltd is the first Independent Power Producer in Cyprus looking for a strong and reliable financing/investment partner with whom it can realise the full potential of the following projects: construction and subsequent operation of a fully developed heavy fuel oil fired 49.9MW power plant located in Larnaca district in Cyprus, a young liberalising energy market and the expansion and operation of a waste management and treatment plant (rendering plant), a renewable energy cogeneration power plant of 4.5MW, 20t/d biodiesel plant.
Developer: Vouros Power Industries
Project: Gardea Private Medical Resort
Location: The project is located in a green field area very near the state-owned Limassol General Hospital and a picturesque Greek Orthodox Church, north-west of Limassol city and a 10-minute drive from its cosmopolitan town centre and within easy access to the motorway.
Description: The project combines a research and rehabilitation centre, residential units and a multifunction clubhouse. It is located in a green field area near the state-owned Limassol General Hospital, within easy access to the motorway and a 10-minute drive from Limassol’s cosmopolitan town centre.
Developer: Zavos Group
Project: Helios Power
Location: Constructed on a plot of land on the southern side of the island (near Larnaca and main airport of Cyprus).
Description: Helios Power is a 50,76MW Concentrated Solar Power (CSP) Project to be implemented in Cyprus. The project will make use of the Cyprus' abundant solar energy to generate electricity to be delivered to the Utility's Grid. Being a solar power project it will give a helping hand in the effort to relief the Grid during those hot summer days when demand for electricity is at its peak.
Developer: PFXT Thermosolar Renewables Ltd
Project: Leptos Marina Residences
Location: 500m from the new marina in the heart of the city of Limassol. The city’s master plan for the area provides for an urban regeneration scheme along the lines of London’s financial district of Canary Wharf & Barcelona’s innovation & technological district of 22@ Bareclona. The area is a well-established hub for shipping and IT companies and with the addition of the island’s biggest marina it is rapidly transformed into a luxury lifestyle residential and entertainment area.
Description: Leptos Marina Residences, will benefit from the area’s master plan for high-rise buildings, and combine harmonically hi-tech office space and luxury residential space including: 4,856 sqm of hi-tech office space rising to 11+ floors, 32,737 sqm of luxury seafront apartments and townhouses rising to 17+ floors, underground parking, residents club, gym & spa area, indoor & outdoor pools and a direct sea facing F&B plaza. The height and size of the project will allow for optimum size/cost relationship, making it economically viable and a pleasant living environment.
Developer: Leptos Group
Project: Limassol Greens Golf Resort
Location: Fasouri, Limassol
Description: The Lanitis Group has been given a Town Planning Permit for Limassol Greens Golf Resort, a fully integrated golf and real estate development within Limassol, Cyprus’ most cosmopolitan city and the country’s major business centre and will include 150,000 m2 development on a 1,500,000 m2 plot of land, aiming to exploit the continued demand for high-end residential property within a master-planned community, bordering with citrus plantations to the North, a protected salt lake to the South and Lady’s Mile beach to the East.
Developer: Lanitis Group
Project: Limassol Landmark
Description: The project provides a new destination for Limassol – a hub of living, relaxation, culture and entertainment in the heart of the city. The Limassol Landmark situated on the sea front of Limassol is designed by the world known international architects, Atkins, who have designed so many recognisable projects around the globe. The project is a 34-storey tower with unique design and layout consisting of luxurious serviced residences, spa, health club, business centre, concierge, tennis court and children playgrounds. The project has a large commercial plaza with retail shops and restaurants as well as three level of public car parking. The tower comprises of two and three bedroom apartments, Duplex Apartments and Penthouses with private swimming pools.
Developer: Pafilia Developers
Project: Limni Bay
Location: Limni Area, at the centre of Chrysochou Bay, about 3km from the town of Polis, Paphos district, North West of Cyprus.
Description: Limni Bay will be a high quality sustainable, mixed-use resort destination, developed into two distinct but connected parcels of land, located in one of the most scenic and unspoiled areas of Cyprus. The site combines sea and semi-mountainous terrain with a beachfront of 750m and a 150m pier. The resort sits upon this picturesque, undulating landscape, extending 5km inland and rising up to 250m above sea level, providing exceptional panoramic views. World leading designers and brands are involved throughout the project, including Foster + Partners (architect), EDSA (master planners), Jack Nicklaus and Gary Player (golf course designers).
Developer: Shacolas Group
Project: Lord Byron Towers
Location: On the corner of Lord Byron and Grivas Dhigenis Avenues in the centre of Nicosia, the capital of Cyprus.
Description: Planning and design of the building has been entrusted to the skills of Scott Brownrigg, a London-based consultancy with broad experience in high rise developments. Their primary concern was to create a landmark iconic building whose size, luxury and aesthetics will provide a unique landmark office development. Flexibility to the end user as well as high-tech innovative building efficiency, introducing latest-day sustainable technology and life-cycle-costing for energy conservation and low operating and maintenance cost, greenery and provision of recreational outlets were also prime concerns. Comprised of two ‘soft’ interconnected towers positioned in an open landscaped plaza that will go to the highest permitted heights, which are now 100m and 90m tall, to give identity better natural lighting, ventilation, sound insulation to higher floors and to provide maximum space planning flexibility for either open plan or cellular configurations. Designed for office and commercial development and currently the largest commercial office development in Cyprus.
Project: Medlife Village
Location: Droushia Village on the border of the Akamas National Park, 10-minute drive from the sea (Latchi).
Description: The MedLifeVillage is an innovative development which has been specifically designed to cater for the particular needs of mature residents, who wish to enjoy an active and healthy lifestyle while enjoying high quality (five star) services. MedLifeVillage will be set in 38 acres, (51,000m2) of land on the outskirts of Droushia village in southern Cyprus. Set in the hills on the border of the Akamas National Park, some 10-minute drive from the sea (Latchi). The development will contain 208 properties and a range of sport and leisure facilities on-site. There will be also a Medical Clinic and facilities on-site dealing with Cosmetic and Plastic Surgery, Dentistry and Rehabilitation. Of the 208 properties 7 are 2- bedroom villas with their own gardens and swimming pools, 11 are 2-bedroom apartments, 174 are 1-bedroom apartments, 5 are studios apartments and 25 are Luxury Suites.
Developer: Between Friends Cyprus
Project: Minthis Hills Resort Paphos
Description: Minthis Hills is a project that offers pure escapism and blends the restorative power of nature with the luxury of the 21st century living to create a way of life that’s constantly rejuvenating, always inspiring. The resort is designed by Woods & Bagot, leading international resort architects, together with the world known international architects, ATKINS who designed the masterplan. The houses are shaped to the natural contours of the hills to minimise building height, maximise views and preserve the beauty of landscape. The resort has a championship 18-hole golf course providing a unique experience to every golfer and together with all other facilities, hotel, restaurants, business centre, SPA, fitness centre with indoor heated pool, tennis courts, offers full leisure, recreation and relaxation to residents and visitors.
Developer: Pafilia Developers
Location: At the heart of the tourist area in Paphos, only 800m from the beach, at the site of the gardens of Aphrodite, the ancient Greek Goddess of love and beauty.
Description: The first Smart EcoCity in the Mediterranean; a unique, mixed-use development that integrates a health park, a private university, a themed cultural/entertainment/leisure/commercial park and large residential lifestyle development within large green areas and parks with the latest technological and sustainable solutions with the goal of creating a unique living experience within a green environment. Gross value of completed development: €2.8 billion.
Developer: Leptos Group
Project: Pafilia Tower
Description: The Tower is situated on the seafront of Limassol and is a mixed-use development with retail shops, restaurant, café, offices else well as luxurious apartments, duplexes and penthouses. The Boutique Tower is designed by the world known international architects, ATKINS who have designed so many recognizable projects all around the globe. The 36 storey tower has a unique design and layout and consisting of luxurious serviced residences as well as three basements with parking spaces for public use, 2 floors of Retail Area, 6 floors of Offices and 27 floors of Residential units, with two three and four bedroom apartments Duplexes and Penthouses with their own swimming pools. The Tower’s ingenious design ensures every residence enjoys optimal coastal view.
Developer: Pafilia Developers
Project: Santa Barbara Hills Park
Location: Agia Varvara village Paphos, 10 km from Paphos Airport, 07 km from Timi sandy beach, 57 km from Limassol Marina.
Description: Five-star Hotel Resort with 170 rooms (CTO approval available) and a plot area of 38,767m2 (221 Luxury 2 b/r Suites/ Townhouses/Villas next to the Hotel for sale or rent). A Sports Centre and Multi-Theme Park and other facilities with a plot area of 50,248m2, a Rehabilitation Centre, Geriatric Care and Monitoring with up to 400 rooms and with a plot area of 25,201m2 and a Residential Development with 700 Properties for Sale and a plot area of 378,648m2. Available Town Planning Permit for Land Division and available Town Planning Permit for phase A.
Developer: J Aristodemou Ideal Homes Ltd
Project: Santa Roza Tower
Location: Spyrou Kyprianou, Nicosia Cyprus
Description: Santa Roza is a smart, new sustainable landmark building in the city Centre of Nicosia designed by Atkins. The project offers an attractive public realm and a sustainable design solution. Great care is taken to ensure that Santa Roza Tower integrates into the natural surroundings and respects the environment. The project is situated at a privileged and strategic location which makes it an ideal focal point to signal the WESTERN GATE to Nicosia. The site is located centrally within a new vibrant developing commercial Centre to the South West of the historical heart of the capital city of Cyprus on Spyros Kyprianou Street.
Developer: AIPSD Ltd
Project: St Elizabeth Golf Resort
Location: Ayios Amvrosios, Limassol
Description: The group owns nearly 2,000,000 sqm of land out of which 1,650,000 sqm of land are used for the creation of the golf development project with a building coefficient of not less than 150 000 sqm producing a nearly 200 000 sqm marketable area (before incentives 100 000 sq. m stroke 125 000 sq. m building coefficient marketable area respectively). Main themes: Country Club with leisure and fitness centre, Children’s club, Olive press and museum, Restoration and promotion of local winery, Conference Centre and Seminar facilities, Amphitheatre, Equestrian Club, Development of road network, cycling paths and nature tracks, Paragliding, Helipad. Museum, Cultural centre, Water system, reservoir/featured lakes, Photovoltaic Park, Restaurants.
Developer: St Elizabeth
Project: The Continent Resort
Description: The Continent Resort is a gated residential and holiday five star luxury resort located between Coral Bay and Agios Georgios, Pegeia, Paphos, the south-west region of Cyprus, overlooking the Mediterranean Sea, that includes 300 luxurious villas and a premium five star hotel. Of world class stature, The Continent Resort shall offer the residents and international tourist a large range of opportunities and activities. Combining residential facilities with recreational, cultural and leisure activities, the sophisticated residential and holiday resort shall afford the ultimate in relaxation, entertainment and sport. The Resort shall offer the discerning, international clientele good reason to come and reside or stay in sunny Cyprus. With an average of about 340 days of sunshine per year, the Project will play host to a variety of cultural events and festivities likely to attract the ‘upper market’ buyer from all corners of Europe. The Resort functions shall be housed in individual complexes and buildings grouped together into a village-like cluster setting that would be implemented in a number of phases.
Developer: The Continent Resort
Project: Vasa Golf Resort
Location: Vasa Kellakiou village, Limassol district.
Description: The site benefits from exquisite natural beauty and stunning views across the south coast of Cyprus to the sea beyond and enjoys a tranquil setting within a rural landscape providing the perfect Cypriot context for a relaxing retreat from busy urban living and the bustle of the coastal strip.
Developer: Universal Golf Enterprises PLC