Cyprus | Posted:

Although iniciation of the building processs was delayed by the government authorities the ambitious project of Rotos Developers, named Rotos Building Society is currently progressing in apace. According to the initial planning, the company anticipated completion of the first phase of the project, which includes dormitories, in September of 2013. This certain timeline will be followed, as stated by Rotos Developers, since the develipping process was "running" in order not to lose the goals that are important for the sustainability of the project.

At the same time, work on the part of entertainment and recreation in the project is expected to be completed in April 2014.

About The Project

The great project of Rotos in Makedonitissa includes a residential project for students hosting in 300 dormitories, a small shopping center  at 3,000 sq.m. as well as a fitness center and the largest private swimming pool in Nicosia.

Further more, the project will include a large park with gardens accessible to the people, as well as tennis and futsal courts, which are bound to be used by both occupants of the dormitories and the rest of the citizens who want to engage in these certain sports.

The small mall in the new project will occupy an area of 3,000 sq.m. and beyond the shops for clothing and other products, it will feature a restaurant, cafeterias, lounge bar and even a beauty salon.

The swimming pool which will operate in a 1,200 sq.m. covered area, will offer a range of services including a heated swimming pool for the winter. A gym area of 800 sq.m. will also operate offering additional sauna and spa services.

Both the park and the entire project will enjoy modern architecture bearing the signature of Heracles Papachristou and supervision of interior designer Pericles Liatsou.

Project Cost and Financing

The total cost of the project reaches 24 million euros without calculating the value of the land and the project is largely funded by cdbbank (Development Bank).