Plus Prop­er­ties – Cyprus on its first real es­tate de­vel­op­ment pro­ject in Lar­naca Plus 1 Drosia. Ekaruna re­ports

Ekaruna - - Contents -

Plus Prop­er­ties, the Le­banese-based Real Es­tate and De­vel­op­ment com­pany, of­fer­ing a di­verse se­lec­tion of lux­ury projects rang­ing from residential build­ings to mixed-use tow­ers and gated com­mu­ni­ties in Le­banon and the re­gion, re­cently ex­panded its oper­a­tions reach­ing Cyprus. But, the com­pany is not a new­comer to the coun­try. In fact, it has es­tab­lished real es­tate bro­ker­age ser­vices in Cyprus over the past two years and built a firm rep­u­ta­tion in the re­gion. Plus Prop­er­ties Cyprus is now launch­ing its first real es­tate de­vel­op­ment pro­ject Plus 1 Drosia in Lar­naca.

In a widely at­tended re­cep­tion on the 8th April 2015, at Le Grey Ho­tel in Down­town Beirut, Plus Prop­er­ties launched Plus 1 Drosia. The re­cep­tion was in the pres­ence of jour­nal­ists, in­vestors, bro­kers and clients, and the Am­bas­sador of Cyprus in Le­banon Mr Homer Mavrom­ma­tis. In sup­port of their latest pro­ject with Le­banon, Mr Mavrom­ma­tis said “I am pleased to wit­ness the ef­forts of Plus Prop­er­ties in Cyprus and I am sure that both coun­tries can re­ally ben­e­fit from each other’s re­sources on dif­fer­ent lev­els.”

Sun­bathed Lar­naca on the golden coast of Cyprus is the third largest city in the coun­try with a dense ur­ban pop­u­la­tion. Host­ing the main air­port of Cyprus, Lar­naca is the hub of real es­tate op­por­tu­ni­ties and tourist at­trac­tions. Only a few min­utes away from the pic­turesque sea, Plus Prop­er­ties’ latest for­eign de­vel­op­ment, Plus 1 Drosia, is one of the finest prop­er­ties that Cyprus has to of­fer. The residential build­ing is gated with a pri­vate en­trance that guar­an­tees ab­so­lute pri­vacy to the in­hab­i­tants. Res­i­dents are also guar­an­teed an ex­cel­lent liv­ing ex­pe­ri­ence; there are two blocks of four floors each, two apart­ments per floor with spa­cious en­trances, two el­e­va­tors, cov­ered park­ing spa­ces, stor­age rooms, and a swimming pool. Half of the units of this Plus Prop­er­ties pro­ject were sold within the first 48 hours of their re­lease. Mavrom­ma­tis added that there are plenty of ma­jor eco­nomic and po­lit­i­cal rea­sons to in­vest in the boom­ing real-es­tate scene of Cyprus, es­pe­cially due to the re­cent cri­sis in the coun­try. The cost of prop­er­ties has in fact de­clined by 30%, not to men­tion the cur­rent euro value that is prac­ti­cally equiv­a­lent to the US dol­lar. For po­lit­i­cal rea­sons, Cyprus has re­cently be­come a mem­ber of the EU as of 2014. Chair­man of Plus Prop­er­ties, Ge­orges Che­hwane, proudly an­nounced at the re­cep­tion that the launch­ing of Plus Prop­er­ties in Cyprus had been suc­cess­ful, and that this was only the be­gin­ning of de­vel­op­ment projects in Lar­naca. He be­lieves that the eco­nomic re­la­tion­ship be­tween Cyprus and Le­banon should ex­pand be­yond real es­tate be­cause both coun­tries are just a few years from pro­duc­ing nat­u­ral gas. Another rea­son that Che­hwane had for it be­ing the right time for Le­banese and other Mid­dle East­ern­ers to in­vest in Cyprus is the sev­eral ad­van­tages that the Cypriot gov­ern­ment of­fers such as per­ma­nent res­i­dency.

Yet again, Plus Prop­er­ties has proved it­self to be a real-es­tate pi­o­neer, paving the way for other com­pa­nies to cre­ate ex­cel­lent in­vest­ment op­por­tu­ni­ties lo­cally and re­gion­ally.

First floor

Sec­ond floor

Third floor

Fourth floor

Roof Gar­den

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