Welcome to the Fourth Edition of Buy Home Magazine. Larnaka is looking forward to a bumper 2020 as the town expects to see its fair share of new developments as several luxury high-rise projects, hotels and a shopping mall are being built by local and foreign investors.
Eight new projects are expected to open in Larnaka, and surrounding villages such as Athienou, Lefkara and Zygi. The Larnaka Tourism Board referred to a number of projects by the municipality and private investors which are to change the face of the town.
The “Larnaka Club”, a renovated 18th-century building to be used for cultural events is expected to be delivered this year. The ‘clubhouse’ will have seven fireplaces and an indoor garden area. A fully refurbished indoor multi-purpose stadium with outdoor sports facilities such as tennis courts will include the former Community Centre.
The second phase of the seafront pedestrian path, extending from Mer Bleu to the Lebay Hotel, is also expected to be completed and delivered to the public within the year. The Lefkara Conference Center, to be completed in 2020, will provide state-of-the-art conference facilities for up to 400 delegates. The village of Athienou is to see the completion of the historic site “The Hani of Mestana” which will be used for cultural and other activities. In Zygi, work will be completed on the Linear Park, located in the eastern part of the coastal area, with infrastructure to cater to bathers and visitors.
Larnaka will see an additional 800 beds boost its tourist capacity with new hotels opening their doors. The Hotel Indigo Larnaka of the InterContinental Hotels Group is about to open in the central area of Ayios Lazaros. The Radisson Beach Resort Larnaka, built on the site of the former Princess Hotel, will be the Group’s first beachfront resort worldwide. The Quality Lodge by the renowned Best Western Group of Hotels will be operational within the year. Oroklini will also play host to the luxury Solaar Boutique Hotel & Spa. Ermou Square in Larnaka will welcome the Samirana Boutique Hotel. Next to the old cinema in Pallas Square, which will also include a roof garden, the Pallas Hotel is being built.
Cyprus has reached an agreement with Israeli investors for the long-awaited €1.2 bln redevelopment of Larnaka port and marina, the island’s largest infrastructure project of its kind. The contract was awarded to KITION OCEAN Holding, a Cypriot-Israeli consortium. The project covers the restructuring of Larnaka marina for 650 berths, the port and surrounding land development over an area of 220,000 sqm.
Also by the end 2020 Larnaka Tower Hotels should get planning permits to build 2 hotels on Finikoudes Promenade. A 5-star hotel with 100 rooms and a 4-star hotel with 263 rooms.
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