News
Cyprus & World News

Top floors sold at The Oval business centre in Cyprus

25 April, 2014

The top two floors of executive offices of Limassol’s landmark commercial property, aptly named The Oval, have been sold to an unnamed buyer, just two weeks after the official launch by President Nicos Anastasiades.


The property’s developer, Cybarco, started the groundbreaking work on the site of the 25 mln euro project last month with engineers and construction workers determined to meet the deadline for delivery by the end of 2016.
In his speech, Cybarco chairman Platon Lanitis said that The Oval will become a new landmark for the town’s skyline, just as the Amathus Hotel became a landmark for every visitor to see in the 1970s.
He admitted that the project got underway because it had secured funds from foreign investors, thus attracting the world renown architectural firm of Atkins and Hakim Khennouchi -Armeftis & Associates to undertake the “magnificent” design.
Located just off the coastal road and 100m from the sea near the Crowne Plaza traffic lights, the project stands 75m tall and consists of 16 floors each with uninterrupted sea views. Each floor offers a flexible open plan design with a luxury reception area on the ground floor, landscaped gardens and cafeteria, property management and 24-hour security services with private access.
Internationally acclaimed architects Atkins, in collaboration with WKK and Armeftis & Associates, have created a landmark project with a distinctive shape that stands out in every sense. With an energy performance certificate of ‘A’ rating, the project is a sustainable development using geothermal energy to minimise carbon emissions.
As also stated by Michalis Hadjipanayiotou, CEO of Cybarco Development, “The selection of the team that has created The Oval guarantees the completion of a world-class designed building, appealing to companies with a desire to stand out”.
The Oval is the creation of Cybarco, Cyprus’ leading luxury property developer. Part of the Lanitis Group, since 1945, Cybarco has earned its reputation for outstanding quality and customer satisfaction delivered to the highest standards. The company is behind many of the island’s landmark projects including Akamas Bay Villas, Sea Gallery Villas and Limassol Marina, the country’s first residential Marina project.