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Steady progress on Ayia Napa marina says developer
April 26, 2018
More than 55 per cent of the residential properties in the Eastern Tower of the Ayia Napa marina project, have already been sold, developers of the project said on Wednesday in a progress report on the €220 million project.
The project, in which the Egyptian investor Naguib Sawiris’ Gemini Real Estate Ltd has an 80 per cent stake and the Cyprus-based Caramondanis Group a 20 per cent stake, is scheduled to be to be completely finished by 2021. The marina itself will be operating by the summer of 2019, the developers said in an announcement after the onsite presentation.
The second phase includes the construction of 190 luxury one-to-four-bedroom apartments in two twisting-shaped towers of 25 and 26 floors. There will also be 29 luxury villas, shops, restaurants and other amenities. The Eastern Tower is expected to be finished in 2020 and the West Tower in 2021.