Neocleous Tower in Limassol expects construction permit shortly
- Ilma Danielienė
- Sep 19, 2020
- 1 min read
Updated: Nov 16, 2020
A. Neocleous Holdings is planning the construction of Neocleous Tower on Makarios Avenue in Limassol, Cyprus. The total height of the Tower will be 120 meters above ground level. It is estimated that the entire cost of the project will reach € 24 mln.
Limassol, Cyprus: 19 September 2020
Image (c) WKK Architects
The environmental study for the project was recently examined by the Environmental Impact Assessment Committee and the issuance of a permit is expected shortly.
Construction work on the Neocleous Tower project is expected to begin in 2020 and last about 2.5 years.
The development plot of the Project allows mixed-use development including residential and commercial use.
The mixed use tower will consist of
25 floors and 4 basements, with110 parking spaces,
a cafeteria,
a business center/club,
a gym,
apartments,
gardens,
a multipurpose hall,
a reception hall.
Floors 22–25 will serve engineering purposes and the roof of the building will have a slope of 42 degrees, creating a curve that will allow the installation of photovoltaic panels.
Navigator Consulting supports property and tourism investments in Cyprus and Greece, and has extensive experience in due diligence on tourism and property investments.
For further information, please contact:
Philip Ammerman
Managing Director
Sources:
DOM Live. 19 September 2020
Limassol Chamber of Commerce and Industry.
Related articles:
Navigator Consulting. 26 October 2020.
Navigator Consulting. 3 September 2020
Navigator Consulting. 15 July 2020
Navigator Consulting. 14 January 2020
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