- Business - Limassol Marina reports burgeoning property sales and superyacht activity


Limassol Marina reports burgeoning property sales and superyacht activity

Properties at the marina are now 80 per cent sold with transit and wintering superyacht activity on the increase…

Limassol Marina has announced that there are only a few residential units remaining at the new Cypriot luxury development. Since its launch, the superyacht marina has proved to be a popular destination for superyachts in transit. The marina is the first in the country to offer luxury stopovers for superyachts and has proved particularly popular for vessels wishing to pass through the Suez Canal on route to the Indian Ocean, as well as becoming the wintering destination of choice for a number of superyachts. SuperyachtNews speaks exclusively will Andrea Christodoulides, CEO of Limassol marina, about the marinas success.

“Limassol Marina is now earning a reputation as one of the most exciting and ‘must visit’ [superyacht] destinations in the continent,” starts Christodoulides. “Indeed, with more than 30 different nationalities already making Limassol Marina their home, there is no doubt that this development is becoming a permanent fixture in the sailing itineraries of the globe’s most affluent yacht owners.”

The Limassol marina model, according to Christodoulides, is based on a three-pronged appeal that has proved to be very successful. Buyers are drawn to the scheme by the availability of waterside property, the strength of the yachting facilities and the luxury lifestyle afforded by direct access to the city centre. A number of Limassol Marina’s properties include alongside berthing for superyachts up to 60m. However, this facet of the development has proved to be most popular for vessels below the 30m superyacht cut off point. Eighty per cent of the total number of villas have now been sold with only 15 properties remaining.

“We are glad we used this model as it has proved to be very successful,” continues Christodoulides. “The project is out selling itself both in terms of property and the marina. What we were not expecting was how many superyachts would be passing through the marina almost immediately. A large number of the world’s most renowned superyachts have already been through this marina, the majority of which seem to be travelling to the Indian Ocean and on route to popular yachting destinations such as Mauritus and the Maldives. There is now a stopover destination suitable for superyachts beyond Athens and Turkey.”

Additionally, Limassol Marina has become a destination of choice for superyachts wishing to winter in the area. Prior to Limassol Marina being developed, the only option for the majority of superyachts wishing to berth in the region was to dock in the nearby commercial port – a facility that still remains important to some of the local vessels.

“Some of the vessels that have visited have chosen to make Limassol Marina their wintering destination because, in particular, the captains and the crew enjoy the marina and the city and the owners are happy to visit on occasion,” explains Christodoulides. “A number of the vessels that stay make use of the refit facilities at the local commercial port that is able to lift up to around 1500tonnes, some of these are managed by Hill Robinson, which has opened an office here at the marina.”

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Limassol Marina reports burgeoning property sales and superyacht activity


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