News Local Russian investor’s comeback for radical investments in Larnaca

Russian investor’s comeback for radical investments in Larnaca

Larnaca Mayor, Andreas Vyras, told Phileleftheros that developments on the field of investments in Larnaca are eventually growing in a positive direction. More specifically, the town’s mayor outlined that the Russian entrepreneur, Nikolai Potapenko has already submitted preliminary plans before the Council of Ministers for the construction of a luxury hotel on the Finikoudes strip.

According to Phileleftheros, the Russian investor is currently seeking the state’s permission to proceed with the development of two buildings: a five-star luxury hotel and a high-rise building that is designed to have over 20 floors.

Potapenko has already pumped about €1,5 mln into the project, that will include a 20-storey luxury hotel, a spa, conference centre, apartments, commercial units, cinema and rooftop restaurant.

 

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