Blog
Major Landmark Deal To Develop 130,000sqm Area Around Limassol Casino
May 25, 2022
The real estate industry in Cyprus is set to receive a major boost, following recent news that Israeli business tycoon Gilad Shabtai is investing in over 130,000sqm of land for development around the area of the City of Dreams Mediterranean integrated casino resort in Limassol. The majority of the specific land was acquired from “Cyprus Fasouri Plantation Holdings Ltd” member of CNS Shacolas Group.
Strategically located in the emerging Zakaki area, the expansive land for development comprises the area immediately surrounding the casino. Already attracting international attention as home to Europe’s biggest Integrated Casino Resort, the destination is set to be significantly elevated by this key real estate investment, with the subsequent development predicted to add substantial value to the already promising area.