Consortium of two exceptional companies takes over the construction of Limassol Blu Marine
The Leptos Group announces the award of the construction works of the 1st phase of the residential works of the prestigious Limassol Blu Marine Development in Limassol, to a consortium between Iacovou Brothers (Constructions) Ltd and Zemco Construction Ltd. These construction companies have a wide expertise in the field of high-rise developments. Their selection was based on their eminent professionalism, successful history, international high standards and novelty.
Construction works of the Limassol Blu Marine Development have already started with the office tower, located on Franklin Roosevelt Avenue, which is currently under construction. In regard to the residential development, of which the 1st phase is a part of, construction works commenced last year with the preparatory works already completed, those including:
- Construction of reinforced concrete piles to a depth of 20 – 25m
- Excavation and construction of the 265 metre long secant pile wall
- Construction of the Bentonite walls
The letter of award, relating to the 1st phase of the residential development, which consists of a 35-storey residential tower covering a total area of 28,000sqm, was signed on 03/08/2021, at the Limassol Blu Marine offices, in the presence of Co-Presidents of the Leptos Group, George Leptos and Pantelis Leptos. The beachfront property construction site will immediately be ‘occupied’ by the contractors, with the arrival of the appointed specialists’ team and qualified staff.
The execution of the project is expected to significantly benefit the Cypriot economy through the creation of hundreds of new job positions in both construction as well as trade and the services sectors. The overall investment will be covered by the income derived from the sale of the exclusive sea view apartment residences, which already ensures the completion of the project’s construction.
Limassol Blu Marine is a state-of-the-art residential development along Limassol’s seafront, taking advantage of the city’s natural beaches, nearby landmarks and high-end business and leisure facilities. The master plan of the project embodies the international experience of world-renowned UK architects and engineers, Benoy and BurroHapold, as well as Leptos Group’s extensive experience and expertise, and is articulated to allow all of the residential apartments the finest Mediterranean Sea views. The Limassol Blu Marine development will act as a catalyst to encourage a neighbourhood of mixed-use developments between the Limassol Marina and the Limassol port.
Located on the Limassol seafront downtown and in the centre of everything, and an area destined to become ‘Europe’s New Riviera’ the Limassol Blu Marine is designed to become a world-renowned address with every need catered for. It includes, amongst others, owners facilities, a 50-metre outdoor pool, 25-metre indoor pool, luxury gym and spa facilities, concierge services, restaurant, cafeteria, two parking levels and much more.
To find out more about Limassol Blu Marine, visit www.limassolblumarine.com