Property of the Week

Leading Cypriot developer Leptos Estates has released eagerly awaited details of its latest waterfront project, Blu Marine. Located in vibrant Downtown Limassol, Blu Marine will house 247 sea-facing apartments set across three striking towers of 33 floors, 29 floors and 5 floors respectively. The development will feature breath-taking views of the Mediterranean Sea, deep private balconies, 24 hour concierge and luxury amenities including a state-of-the-art Health Spa and Gym. Apartments are available in a range of sizes, from one-to-five bedrooms, with prices starting at €615,000.

As the majority shareholder and project manager of Blu Marine, Leptos Estates aims deliver an internationally renowned landmark, gathering a team of celebrated professionals for the design and build. These include Benoy Architects, the experts behind the Bahrain Marina Yacht Club, Ferrari World Abu Dhabi and Westfield London, and BurroHappold Engineering, of Morpheus in Macau and Skywalk in Bangkok. Local architectural firms Armeftis & Associates and Loakim & Loizias, alongside a selected team of other advisors have contributed to the projects compliance with local and EU rules and regulations.

Named after the ancient Greek Gods; Poseidon, Zeus and Oceanus, the three imposing towers of Blu Marine pay homage to the sea, with generous balconies, column-free layouts and large, south facing windows maximising natural light and far-reaching views of the apartments. Each tower is strategically placed to ensure uncompromised views of the water, and each is surrounded by extensive landscaping and green spaces, providing a lush contrast to the stark blue of the surf.

The residences at Blu Marine will feature premium specification and interior finishes, smart home technology, German branded kitchen appliances, as well as heating & cooling. Residents will also have access to secure, underground parking. The new development, where earthworks have already started, will also offer the highest level of lifestyle offerings and world-class services to afford every comfort and convenience. These include a 24-hour concierge, property and rental management, housekeeping and security, perfect for investors looking for a “lock up and leave” or ready to rent option.

The elevated podium, overlooking the sea will host a spectacular 50 metre infinity pool, beautifully landscaped gardens, a double height gym, bistro and residents’ lobby and concierge. Residents will have access to over 1,300 sq.m. of luxury health and wellness facilities, including treatment rooms, sauna and steam rooms and a naturally-lit 25 metre heated indoor pool.

Located on the south coast of Cyprus, Downtown Limassol is a thriving business hub in the midst of major urban regeneration. As part of the municipalities plan for regeneration of the city centre, the area has been successfully revived through heavy investment in infrastructure from both private and public sectors. These investments include a totally revamped seafront park, the mediaeval castle area, the old port and Limassol Marina. The area today with the addition of numerous cafes, restaurants, shops and super yacht Marina, plays centre stage to the city’s vibrant entertainment, business and leisure scene.

Sandy beaches, scenic coastal walkways and parks with plenty of entertainment for the whole family, as well as year-round sunshine, a thriving international business community, favourable tax regime, and international schools make Downtown Limassol an ideal seaside retreat. In addition, it is the perfect destination for the relocation of international companies, HNWI and ambitious business professionals and their families from all over the world.

Blu Marine sits on the beachfront, at the heart of this newly regenerated area and only 330 metres from the Limassol Marina. The development is adjacent to new pedestrian walkways and cycling routes, namely Aktaia Odos; which will connect Downtown Limassol to the Marina and Dubai World Cruise terminal, new casino and golf resorts, creating what will become Europe’s new Riviera.

The new neighbourhood of Aktaia Odos has been master-planned with state of the art, high rise buildings covering residential and commercial, tourism and leisure, sat amongst large open green spaces, bicycle lanes and pedestrian walkways. There is also significant restoration of local heritage sites, bringing Limassol in line with large-scale regeneration projects such as London’s Canary Wharf.

The area, in accordance with the strategy of CIPA (Cyprus Investment and Promotion Agency) to promote and enhance Cyprus’s competitive advantages; will become a hub for international headquarters. Downtown and West Limassol are expected to generate an additional 14,000 new jobs under these guidelines.

Residents at Blu Marine, will have easy access to offices, an abundance of independent eateries and fine dining restaurants, boutiques, golf courses, casinos, private schools and of course numerous historical and archaeological sites. Blu Marine is only 35minutes’ drive from both Paphos and Larnaca Airports.

Pantelis Leptos, Deputy President of Leptos Group of Companies, comments; “It is within Leptos Group evolving DNA to invest in prime land and create extraordinary destinations with a global appeal. Limassol Blu Marine is the flagship development of the Leptos Group. The epitome of quality, world class facilities and services, located downtown, on the sea, by the marina, virtually at the heart of everything. This most exciting investment location, is destined to become Europe's new Riviera. Leptos lifestyle at its best!”

Purchasers at Blu Marine can take advantage of Cyprus’ investment Programme. In return for one or multiple properties purchase of €2 million, non-EU citizens qualify for a Cyprus citizenship, allowing them to travel, work and live freely within the EU and Schengen zone.

The first tower, Poseidon, at Blu Marine is expected to complete in 2022. Prices start from €615,000. For more information please contact the Leptos Group UK office, 16 Berkeley Street, Mayfair, London W1J BDZ. Tel. +442088832333/+447874093174, email info@limassolbluemarine.com or info@LeptosEstates.com. Visit www.leptosestates.com or www.limassolblumarine.com.