Highest commercial development in Limassol now under construction, completing 2016
Situated in the heart of Limassol, just 100m from the sea, construction of The Oval, Cyprus’s latest new-build commercial development is now under way, with the backing of the President of Cyprus.
Mr Nikos Anastasiades, President of Cyprus, launched The Oval at a ceremony this week. With investment over €25m, the building, by Cyprus’ luxury property developer Cybarco, will stand at 75m, making it the highest commercial development in Limassol. It is scheduled to be completed by the end of 2016.
Limassol has been heralded as the most cosmopolitan city in Cyprus and it is hoped that The Oval will provide a new, visionary headquarters for multiple businesses, further enhancing the area’s reputation as a commercial centre. The Oval was designed by internationally acclaimed firm Atkins in collaboration with WKK and Armeftis & Associates who have created a distinctive oval shape which will stand out from every other building in the city.
Mr. Michalis Hadjipanayiotou, Chief Executive Officer of Cybarco Development, stated that '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 consists of 16 floors with uninterrupted sea views. Each floor offers flexible open plan design, to adjust to the requirements of any business, large or small. Levels 14 and 15 are expansive executive office floors, which have exclusive access to a specially-designed roof terrace on the 16th floor. The project’s distinctive oval design is complemented by the luxury reception areas on the ground floor, the landscaped gardens and café.
The services offered include property management, 24-hour security and controlled access to both the building’s premises and the two underground parking levels. It also has an energy performance certificate of ‘A’ rating. The project is a sustainable development using geothermal energy to minimise carbon emissions.