HomeLatest News & UpdatesLimassol high-rise building given green light

Limassol high-rise building given green light

News that a 65 metre high-rise building in Limassol has been given the go ahead by the Environment Department.

Dasoudi Residence

The Department of Environment has given the green light for the construction and operation of a 16-storey building in Germasogeia.

The proposed project, known as Dasoudi Residence, will be approximately 65 metres high and will include 29 apartments, two retail units, car parking, etc:

  • Basement: parking for 30 cars, storage areas, gym and spa (with pool.)
  • Ground floor: reception, parking for 26 cars, outdoor recreation area (with playground and artificial water elements), two retail units, landscaped green area.
  • Mezzanine: Auxiliary and sanitary areas
  • Mechanical floor: Mechanical installations and swimming pool.
  • 1st – 12th floor: Residential apartments.
  • 13th level: Roof garden and common areas.
Dasoudi hi-rise building location
Photo credit: inbusinessnews.reporter.com.cy

If the project goes ahead, it will be built on a plot of approximately 2,975 sq.m. adjacent to the state forest land “Dasoudi”. There are currently two old houses on the plot; these will be demolished.

RELATED ARTICLES

Due Diligence

Due diligence is absolutely essential before committing to buy a property.

Top Stories

Property Transfer Fees

Property transfer fees are paid to secure the Title Deed & legal ownership of a property.

EUR - Euro Member Countries
GBP
1.1840
RUB
0.0106
CNY
0.1333
CHF
1.0721

Capital Gains Tax

CGT applies to property sales and share disposals in companies holding property.

Elsewhere in Cyprus Property News