articles | 06 November 2014

25% of Cybarco’s 'The Oval' now sold

Construction work and sales at 'The Oval', the new exclusive commercial building being developed in Limassol by Cybarco Development Limited, are progressing at a very good pace with total sales reaching 25%.

Michalis Hadjipanayiotou, the company’s Chief Executive Officer, expressed his satisfaction in view of the recent interest: “less than six months since we presented ‘The Oval’ to the public for the first time, we have already sold 25% of the building. Construction work is also progressing as scheduled.”

‘The Oval’ is a landmark structure that will further enhance the area’s image as an international business centre. Situated in the heart of Limassol, just 100 metres from the sea and the Limassol Nautical Club, it is scheduled to be completed by the end of 2016. Foundation work and pilings of the building, the soil drainage and excavations have been completed. The concrete works of the basements have also begun. Setting new standards in the business world and designed by world-renowned architects Atkins, in collaboration with architects WKK and Armeftis & Partners, ‘The Oval’ will be the tallest commercial building in Cyprus, reaching 75 metres.

The project consists of 16 floors with uninterrupted sea views. Each floor offers flexible open plan design, making it simple to adjust to the requirements of any business. The project’s distinctive design is complemented by the luxury reception areas on the ground floor, the landscaped gardens and the cafeteria, as well as the services offered which include property management, 24-hour security and controlled access to both the building’s premises and the two underground parking levels. With an energy performance certificate of ‘A’ rating, the project is a sustainable development using geothermal energy to minimise carbon emissions.

‘The Oval’ is a creation of Cybarco, Cyprus’ leading luxury property developer. Part of the prestigious Lanitis Group, since 1945, Cybarco has earned its reputation for outstanding quality and customer satisfaction delivered to the highest standards. The company is behind many of the island’s landmark projects including Akamas Bay Villas, Sea Gallery Villas and Limassol Marina, the country’s first residential marina project.

Source: Financial Mirror

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