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A new city in Fasouri

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A new city in Fasouri

An essentially new city is being created between Asomatos and Limassol. The beginning was made by the casino-resort, which was the driving force in order to put into implementation and other developments that were planned in recent years. They are characterized by luxury, highlighting the area as one of the most expensive in Limassol. Besides, its proximity to the beach of Lady Miles, the new road accesses, the infrastructure and the services it will offer (golf courses, casino, My Mall) and the rich green make it an attraction for locals and foreigners.
The CNS Group recently announced the start of work on the luxury Citrine Estates project, on land adjacent to the casino under construction. The first phase includes residential units of 50 to 370 sq.m. and will be completed in 2021. Citrine Estates, as suggested by the group's CEO Melis Siakolas, has modern one- and two-bedroom apartments and two- to four-bedroom homes with gardens and swimming pools. The second and third phases will include, in addition to additional residential units, commercial real estate. Citrine Estates is part of the wider development planned by Cyprus Phassouri (Zakaki) Ltd in the area between the casino under construction and the Akrotiri salt forest. When completed, it is expected to accommodate 1,400 new residents, while the office buildings that will be built will employ about a thousand people. The project, according to the study submitted to the Department of Environment, concerns the separation of existing private plots, 78 total development plots, public road network, social equipment space and public green spaces. The total area amounts to 323,299 sq.m., of which 63% will be divided into plots, while the green spaces will constitute 15.6% of the area. The project envisages the creation of a main road and a bicycle path on the south side of the development and along the state eucalyptus forest that ends at the Akrotiri salt flat.

In addition, Quantuma Cyprus announced that it has for sale a plot of 52,000 sq.m. in the area of Fasouri. The property borders the Limassol-Asomatos road and the area in which the Lanitis Group plans to create golf facilities.

Golf starts

The Limassol Greens Golf Resort complex project is the largest to be implemented in the area along with the casino. The construction site, as the communication director of the Lanitis Group, Antonis Papas, stated to “P”, is expected to be installed by the end of 2019. The construction permit is pending for the start of the project, while the evaluation process is in the final phase. of the investment proposals submitted. Already Lanitis Golf Public Co. Ltd has received the green light from the relevant government departments, after obtaining the planning permission for the revised master plan and the approval of the environmental study. It is a complex project that will include an 18-hole golf course, wellness center, commercial and leisure uses such as restaurants, cafes and shops, 500 luxury homes and 235 apartments. The project will also include public green spaces over 180 thousand sq.m.

Source: politis.com.cy

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