Limassol marina completed, draws 275 superyachts
The construction of a 400-million-euro marina in Limassol, in the south of Cyprus, has been completed, a project seen boosting the country's vital tourism sector.
Limassol Marina said that the project has positioned Cyprus on the nautical yachting map and acted as the catalyst for new initiatives in the nearby district, bringing a higher calibre of tourism, investors, companies, and professionals to the island.
"It is having a positive impact on the economy, and celebrates unprecedented achievements, including over 500 million euros in property sales, 50 nationalities of buyers, more than 7,000 yacht arrivals since its opening - including 275 world-famous superyachts, the largest measuring 111m and 143m - and over 4,000 daily visitors in the dining and shopping area," it said in a statement.
In an overall investment value of 400 million euros, the Blue Flag and Five Gold Anchor Platinum Marina has set new standards for the high-end real estate market, yachting and entertainment over the years, it added.
More than 90 percent of its 285 residential properties have been sold.
The exclusive apartments at “Castle Residences” are situated on a private island, accessed by a bridge, with panoramic views of the Marina, the Mediterranean Sea, and the city of Limassol.
The “Island Villas” are characterised by innovative architectural features and include their own private swimming pool with yacht berths attached to landscaped gardens. The residential community enjoys a range of high-quality facilities and amenities, retail, leisure and cultural options, spa and gym, sandy beach and beach bar, high-tech berthing facilities, property management, rental, and concierge services.