THE procedures for the development of one of the largest projects in Larnaca, the golf course at Tersefanou, have got underway.
The project is being carried out by Med Golf, which yesterday signed an agreement with the state for the approval of its construction.
According to reports, Group spokesman and Managing Director, Floros Voniati said that: “Things changed today. We are not relaxed because the urban planning department approved the start of the procedures after 5 years of waiting”.
Mr. Voniatis explained that the project will occupy 1,600 m2 of land, while the course will be expanded to 565,000m2 and will include lakes, trees and hills.
The Company is committed to deliver the project within 2½ years from the day that the excavators start preparing the site.
The second part of the project will include 300 luxury villas with one-floor apartments, pedestrian roads and a square that will be used to host events such as operas etc.
The project will also include a spa and club house, at an estimated cost of €7m.
“The net infrastructure projects (streets, golf courses, the club house, the cyclists, the pedestrian roads and all necessary infrastructures) will exceed €60m”, Mr. Voniatis noted.
It is anticipated that two further golf course projects will receive their permits in a month or so.
We are part of the Majestic Gardens already a completed complex how will this going to affect us . and will this be part of our community, and when is the confirm starting date
@colin – there are some who consider this may be a possibility – see Dark clouds loom over Cyprus property market
Hello Nigel many thanks for many intelligent and measured articles in recent weeks. Do you think at some point given the current economic crisis in Greece we will be seeing an article detailing any direct or knock on effects of this calamity on Cyprus?