5 minute read
Dream Destination
A COMPLETED SUCCESS STORY
Some 15 years in its envisioning, planning and meticulous implementation, the ground-breaking vision of the Limassol Marina has now been fully realised, thanks to the completion of Castle Residences, marking the completion of the project’s final phase.
Located on a private island and accessible only by a secure bridge, the luxurious apartment complex is surrounded by water on all sides, bringing an elevated meaning to ‘living on the sea’. From this exclusive vantage point, as the only Cyprus properties built on the sea, Castle Residences delivers uninterrupted panoramic views of the Mediterranean, the Marina, and the city of Limassol beyond.In fact, as one of Limassol’s most coveted real-estate addresses, these ready-to-move-in homes are a gateway to a thriving cosmopolitan lifestyle, right in the heart of the city. That said, with direct access to the Marina’s premium facilities and services, including toptier F&B offerings, a world-class gym, and a private golden sandy beach, residents have everything they could need, on their doorstep.
The beautiful properties themselves reflect their prestigious location, with 61 striking two-, three- and four-bedroom apartments and maisonettes designed in alignment with the same elegant properties as the rest of the project. All residences feature covered and uncovered terraces or sundecks, while residents also enjoy exclusive use of a swimming pool and pool terrace overlooking the sea. With more than 82 percent of the Castle Residences apartments being sold, these are the last apartments available for sale at Limassol Marina, and the only ones on the sea in Cyprus. With the project’s completion, a new chapter in the Marina’s success story now begins. Complementing the existing portfolio of exquisite villas and residences, Castle Residences seals the Limassol Marina’s holistic lifestyle offering, making way for a fresh era of evolution and enhancement at Cyprus’ first superyacht marina.
For more information about the available units, please visit www.limassolmarina.com, or contact us to book a private viewing on +357 25 020 020.
text by Mateo Jarrin Cuvi
DREAM
DESTINATION
With only a few units of its exclusive properties left for sale, Cybarco Development CEO Michalis Hadjipanayiotou reflects on the Marina’s completion, explaining why the heart of new Limassol makes investors skip a beat
OnBoard | 19
If one had to rank Cyprus’ success stories, Limassol’s award-winning Marina would top most lists, thanks to the execution of its ground-breaking masterplan. Other than its premier superyacht facilities and world-class amenities, the allure of its residential offering has exceeded all expectations. As we prepare to step out of 2022, all but three villas and 11 apartments from its exclusive Castle Residences remain for purchase, and what began in 2010 as a magnificent vision, is fast becoming the dawn of a new era.
No one is better placed to reflect on this closing of one chapter and opening of the next, than Michalis Hadjipanayiotou, CEO of Cybarco Development, a leader in the island’s luxury construction and development industry, and one of six companies that took on the formidable challenge of delivering the Marina, having been responsible for sales of its upscale residences from the start.
“Limassol Marina is a proud landmark project for the island and region, one that has put Cyprus on the international yachting and luxury tourism map,” comments Michalis, even though, at the time, the €400-million development was held by some to be a grand folly. “People thought we were crazy,” he recalls. “Ten years ago, we were selling a dream, and people would tell us we didn’t understand what it would take to build a superyacht marina in Cyprus.”
Delivering On A Promise
Yet not only did Cybarco and its group of partner companies hold true to their commitment, they competed at a global scale to cater to the market’s trends. The consortium’s aim, says Michalis, was to pool their combined knowledge, pay heed to their clients’ desires, and “deliver on our promise”.
Just over a decade later, that promise has been honoured, with not only a much-coveted 5 Gold Anchor Platinum Award among the Marina’s accolades, but also €500 million in residential contracts signed off on almost all of its 211 luxury apartments, and 74 gorgeous villas with private berths or direct access to the sea. Today, as a regional and international hub for the yachting sector, with 650 yacht berths, the Marina provides a Mediterranean home to
OnBoard | 21
boats of up to 110m in length, welcoming more than 9,000 yacht arrivals per year, 300 of them superyachts. It also draws over 4,000 visitors weekly, while capitalising on its location as the heart of the new Limassol.
An Irresistible Location
Unsurprisingly, over recent years, high-networth individuals from over 50 countries, who have flocked to its high-end shopping, upscale eateries, deluxe spa, and busy calendar of cultural events, not to mention, its proximity to a thriving metropolis, have also invested in the Marina, with the purchase of either a permanent or second residence here.
According to Michalis, there have been Marina visitors who have disembarked, intending only to grab a quick lunch, yet ultimately ended up buying a property, packing their bags, and moving here permanently. The power of this allure is even more impressive when considering that, in spite of owning prime real estate all over the world, the Marina’s cosmopolitan residents choose to call their Island Villa or Castle Residences apartment, home. Michalis Hadjipanayiotou, CEO of Cybarco Development, reflects on Limassol Marina’s remarkable first chapter and the long-term goals for the future.
