Class A Office building in the center of Limassol

Designed by a leading architecture company in London, this project is an immaculately designed office building in the heart of Limassol.

The development consists of five luxurious offices across five floors (one on each floor), emphasizing spaciousness and functional design.

Spacious rooms create an attractive professional working environment in this modern luxury development, comprising high-quality fixtures and features.

The interior’s features include high ceilings and floor-to-ceiling windows, raised floors with carpet finishes in the offices, ceramic tiles in the bathrooms, natural marble floors in common areas, central VRV conditioning, and high-quality sanitary ware by European brands.

The exterior features include security, a fireproof entrance door with an intercom system, double glazing and thermal aluminum window frames, and a solar heating system with a collector and hot water tank.

The development has easy access to local shops by foot and car, with 21 ample parking spaces. Local amenities include shopping boutiques, restaurants, and leisure centers.

Surrounded by green scenery and beautiful parks, this office building is an ideal investment.

The total indoor area of the property is 1678.5 sq m. The price for the whole building is €8,500,000.

See the table below for the building’s full design specifications.

INVESTMENT PROPOSAL

Home to thousands of international companies, Limassol is fast becoming the corporate capital of Cyprus, more specifically, in the technology and financial sectors.

Cyprus has become the most sought-after relocation center in the Middle East and Southern Europe due to the low corporate tax, the zero dividend tax, the IP Box Regime, and the New Strategy for Attracting Business.

Over 250 large international technology companies have relocated to Limassol in two years between 2020 - 2022. In the same period, more than 8000 developers (freelancers and employees) relocated to Limassol. Proportionally to the population of the guest country, this is the most significant movement of developers relocating to a single country in the European Union. 

This trend is expected to accelerate due to the worsening of international political conditions and the Cypriot government’s new tax incentives. 

Many companies are now looking for new offices for their employees. There are approximately 50 companies that are inconveniently located in multiple buildings and locations, looking for new headquarters in one building where all the employees can work together. These employees are high-paid individuals requiring a higher standard of working conditions.

New Class A commercial properties in the center of Limassol have become extremely scarce. In the last four years, the price of new Class A commercial properties has been steadily increasing every year by 10%.

The average selling price of Class A offices in the central area of this building’s location is €5,950 per sq.m. The co-financing of this project will enable Amazon Investments to complete it at the cost of €5,050 per sq.m.

The project can also be used as a rental business with an expected average net return of 6.5%, while capital appraisal is expected to produce an IRR of 17%.