Source: Cyprus Property News, October 1, 2025

Limassol’s skyline is about to change once again. Two major high-rise projects, together valued at over €260 million, have recently received approval from the Environmental Authority. In our opinion, these developments highlight not only investor confidence but also the city’s continuing transformation into Cyprus’s urban hub for luxury living and business.

From Soft Drinks to Skyscrapers: The KEAN Factory Redevelopment

The historic KEAN Soft Drinks site in Amathounta is set to become a €189 million landmark project. The redevelopment plan includes:

• Four residential towers (ranging from 9 to 19 storeys), complete with private pools, commercial areas, and underground parking.
• A 17-storey office tower, designed to host modern businesses with ample parking facilities.
• A community hub featuring nine swimming pools and shared leisure spaces.

We believe this project symbolizes a shift from Cyprus’s industrial past to a modern, mixed-use urban future.

Apostolos Andreas: A Mixed-Use Development by SolidVes Ltd

The second development, valued at €80 million, will rise in Limassol’s Apostolos Andreas area. Covering nearly 15,000 m², the plan includes:

• A 14-storey residential tower with 75 apartments, a roof garden, and retail shops.
• A 13-storey office tower with flexible layouts, rooftop gardens, gym, and restaurants.
• 498 parking spaces, designed with accessibility in mind, including 17 spots for persons with disabilities.

In our view, this development is a clear signal that Limassol is consolidating its role as a hub where business, lifestyle, and leisure seamlessly converge.

Why This Matters for Cyprus Real Estate

Limassol’s growing skyline is more than architecture—it is a statement of resilience and ambition. While some worry about oversupply in the luxury segment, we think these projects are part of a broader trend positioning Cyprus as a destination for high-net-worth individuals and global businesses.

For investors, these developments reaffirm confidence in Cyprus’s long-term property market. For residents, they raise questions about sustainability, infrastructure, and community impact—issues that will define Limassol’s future.