The construction works are underway, and progress is visible at the Limassol Marina where the first residents will soon be accommodated.
Approximately 80% of the marine works are ready whereas 40% of the residential and general infrastructure projects are completed.
The luxury apartment complex ‘Nereids’ where almost half the apartments are already sold in now completed.
More Luxury Residences will be delivered during 2013 as well as all the facilities and entertainment infrastructure. By 2014 the whole project is expected to be completed.
Investors in the project are by 40% Cypriots and 60% foreign.
The city authorities believe that the project will strengthen the property market and the economy of Limassol in general.