Insider Business “Mandarin Park”: A 16-storey tower in Germasoyia

“Mandarin Park”: A 16-storey tower in Germasoyia

A 16-storey tower called “Mandarin Park” is on the cards for Limassol’s Germasoyia area, according to an Environmental Impact Assessment report which also shows that the development is divided into two parts.

The first part is a mixed development for commercial and office use and the second is a modern and luxurious residential tower. Part of existing premises at the location of Mandarin Park, namely the abandoned Maroza Hotel Apts, will have to be demolished. The project’s owner is Mandarin Park Mediterranean LTD Company and the cost is estimated to be over €16 million.

The 16-storey tower will be 71.7 metres high and have 36 apartments, including an entire floor for its mechanical services, two floors consisting of a fitness center, spa and swimming pool for private use by the occupants, as well as a roof garden.

The apartments will be studios, two bedroom, three bedroom and a penthouse, designed at the highest standard. The report notes that the integrated development is estimated to accommodate 67 people. The plan also includes a total of 98 underground parking spaces, of which six will be designated for people with disabilities while parking facility for bicycles will also be installed.

The proposed development falls under Limassol Town Planning and is located within the administrative boundaries of the Municipality of Germasoyia. It is on the corner of Vasileos Georgiou I Avenue and Ampelakion Street.  Three other towers – Marr Tower, I-100  and Icon – are within a very short distance.

Demolition and construction work is expected to start in one and a half to two years’ time, and overall completion should take at least three years.

By Marios Roussou

 

Read more:

https://in-cyprus.com/financing-of-towers-in-cyprus-a-headache-for-bankers/

 

 

 

Top Stories

Meeting between US Secretary of State Pompeo and FM Dendias concluded

The meeting between US Secretary of State Mike Pompeo and his Greek counterpart Nikos Dendias was concluded on Monday in Thessaloniki. Issues of bilateral, regional...

Tourism Deputy Minister says Cyprus can emerge as Winter destination

Despite the coronavirus pandemic, Cyprus has the potential to emerge as a first-class Winter tourist destination, due to its very good epidemiological picture, compared...

Italian – EU joint operation on counterfeit goods seizes millions of masks

Items that infringe intellectual property rights and were sold illegally online through specific social networking platforms have been found in stores and warehouses in...

Uber wins back London licence

Uber has won a legal bid to restore its London operating licence, a judge decided on Monday after the city's transport regulator stripped it...

Iranian dissident caught between rock and hard place in Cyprus limbo

An Iranian dissident who fled his country fearing arrest has fallen foul of politics and Covid-19 restrictions in divided Cyprus. Since mid-September, Omid Tootian has been...

Taste

Sheftalies

Sheftalies, a very tasty dish from the charcoal grill, are minced meat shaped into small sausages and wrapped in “panna” (suet). Panna is a...

Spicy grilled soutzoukakia

Place all ingredients for soutzoukakia in a bowl and mix well, preferably using a food processor, until well combined. Using the mixture, form cigar-shaped...

Souvlakia

Pork souvlaki: Put the meat and all the other ingredients in a bowl (not metal) and mix well. Cover the bowl and keep in...

Pastelli (Carob Toffee)

The nutritional sweet of Pastelli is made with the syrup of carob pods, produced by boiling their pulp until it forms a thick, sticky...