The success story of the project that changed the face of Limassol
Undoubtedly one of Cyprus’ greatest success stories
Officially launched in 2010, the completion of this landmark €400 million integrated project and ground-breaking achievement for the island and the city of Limassol, has been achieved. The recent delivery of its final phase apartments at “Castle Residences”, the crown jewel of the superyacht Marina, signifies the end of the project’s development and the maturity of a remarkable success story for Cyprus.
The Mediterranean’s most exciting new superyacht destination
The project combines residential and commercial developments, together with outstanding marina facilities that are home to yachts ranging from between 8m – 110m in length. There are 650 berths, 211 luxury apartments and 74 beautiful villas with private mooring or direct access to the beach. To date, the Marina has celebrated over €500 million in property sales with over 90% already sold, 50 nationalities of buyers, more than 7,000 yacht arrivals since its opening, including nearly 300 of the world’s biggest and best superyachts, and over 4,000 daily visitors in the dining and shopping area. The iconic project has changed the national landscape for a broad range of sectors and is a leading example of the scope of our capabilities.
Comprising a unique living on the sea lifestyle, the project includes an exciting range of exceptional cafes and restaurants, luxury designer boutiques, shops, gym and spa, and an unparalleled repertoire of cultural events, exhibitions, and concerts. This unique blend of high-end retail, dining and entertainment options is what makes Limassol Marina one of the most visited destinations in the region. On a daily basis, the project hosts thousands of locals and tourists, who enjoy the Marina’s full-service offering.
Successful completion of the final phase
Over a decade after its highly anticipated launch, the development of the island’s first superyacht marina has been concluded. Limassol Marina’s final phase, the unique apartments on the sea at “Castle Residences”, have been completed and handed over to their owners. Surrounded by water, the cluster of luxurious homes offers apartments and duplexes with uninterrupted views of the sea, the marina, and the coastal city of Limassol. Set on a private island and accessed by a bridge, they are located just steps away from the beach, in close proximity to the development’s luxury dining, shopping and leisure facilities. More than 70% of the Castle Residences apartments have been sold establishing Limassol Marina as one of the most prestigious addresses in Cyprus and the wider Mediterranean region, to live.
The remaining 4 out of 74 ready-to-move-in villas on the sea, are three and four-bedroom villas with private berths for luxury yachts up to 20m attached to their garden. All property residences benefit from 24-hour security, property management, concierge, and rental services. These last available units are an integral part of an iconic landmark for the island and the changing face of Limassol. It is the only development offering a “living on the sea” lifestyle in ready-to-move-in apartments and villas built on the water. Prices for the available villas with private berth(s) start from €3,9 million and remaining Castle Residences apartments, surrounded by water, start from €2 million.
World-class yachting facilities and services
A wonderful home away from home throughout the year, Limassol Marina has been designed to cater to the full spectrum of the entire yachting community. This includes a variety of modern conveniences and amenities tailored to the specific needs of all boat owners and crew, a full-service concierge offering and attractive year-round berthing packages with competitive year-round pricing which provides great value for money and maximum flexibility by satisfying the needs of every individual boat owner, regardless of the season.
Managed by Francoudi & Stephanou Marinas, the marina offers visitors and berth holders an extensive list of state-of-the-art amenities and professional services. Owners and crew enjoy a dedicated concierge service and marina team, always available to provide a full range of technical and yachting services to accommodate all needs. Berths are served by the latest in fibre-optic and wi-fi services, 24/7 security provision, integrated waste management facilities and much more. An in-house boatyard for light repairs and maintenance is accessed by a private slipway or the marina’s 100-ton travel lift.
Looking ahead
The delivery of Castle Residences marks the end of an unprecedented journey for the team behind the project’s fruition, for the city of Limassol and for the island of Cyprus. As an award-winning destination, Limassol Marina is the only Blue Flag marina in Cyprus and the recipient of the prestigious 5 Gold Anchor Platinum Award, the highest distinction for exceptional marinas globally for the provision of outstanding customer services and facilities. Recently, the project was also awarded as the best development in the category of “Land Development Company Project”. The award celebrates its innovative architectural design and engineering ingenuity.
The Marina continues to strive for improvement and ways in which to implement innovative best practices and technologies into the operation, be this in terms of enhanced service levels, stringent health and safety regulations, and increased environmental initiatives. Going forward, the project will continue to expand Cyprus’ presence on the international yachting map exponentially. The project looks to the future with positivity and is confident of its growing impact in Cyprus and the region at large, both as a commercial endeavour and as an epicentre for yachting enthusiasts the world over.
For more information about Limassol Marina, please visit limassolmarina.com, call +357 25 020 020 or email the marina team at info@limassolmarina.com.
You can read the full article in the new Yacht Investor Issue 43
