Luxury spacious offices in the heart of Limassol

Located in the heart of Limassol’s business area, Mesa Geitonia, this commercial property covers six levels, comprising four floors with offices, the ground floor, and a basement.

The modern building offers spacious and luxurious offices, with two separate offices on each floor. There is a total of eight offices and three remaining available for sale. 

Designed by one of London’s leading architecture and design studios, this development balances the city’s skyline and sea views.

The interior’s features include common facilities, a welcoming reception area, high ceilings, natural marble floors in common areas, and raised floors with carpet finishes in offices. Each office has central VRF conditioning.

The exterior features include a fireproof entrance door with an intercom system, double-glazed windows with aluminum frames, and 40 ample parking spaces.

The development is within easy reach of essential infrastructures, such as prestigious business centers, banks, modern cafeterias, schools, restaurants, and just 2 km from the Dasoudi park area.

The price of the whole building is €5,973,000. 

The total indoor area of the property is 1056.8 sq m. The table below contains further specifications. 

INVESTMENT PROPOSAL

Home to thousands of international companies in the corporate capital of Cyprus, Limassol has become a hub for the technological and financial sectors. 

Cyprus has evolved into a renowned relocation center in the Middle East and Southern Europe due to the zero dividend tax, the low corporate tax, the IP Box Regime, and the New Strategy for Attracting Business.

More than 250 prominent international technology companies have relocated to Limassol between 2020 – 2022. More than 8000 developers (self-employed and employees) relocated in the same period. Proportionally to the guest country’s population size, this is the biggest movement of developers migrating to one single destination in the European Union. 

This trend is expected to keep rising due to the state of global political conditions and the introduction of attractive tax incentives by the Cypriot government. As a result, many companies are now looking for new offices for their employees.

Approximately 50 companies are searching for new headquarters as they are inconveniently located across multiple buildings and locations. These companies want to take up space in one building, where all the employees can work together. Their employees are high-paid individuals requiring a higher standard of working conditions. 

New Class A commercial properties in the center of Limassol are in high demand as they have become extremely scarce. New Class A commercial property prices have risen annually by 10% in the last four years. 

The average selling price of Class A offices in this area is €6,200 per sq.m. The co-financing of this project will enable Amazon Investments to complete it at the cost of €5,600 per sq.m.

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