Real Estate category powered by

New €20m office complex in Nicosia under public consultation

A new office complex is in the works for the Nicosia suburb Strovolos and it is estimated to cost in the range of €20 million.

The “Apple Tree & Pear Office” is currently under public consultation. The proposed development will consist of two independent buildings with a common base of different levels. One building will stand 42.3m tall (Tower A – 11 above-ground floors) and the other at 19.5m (Tower B – five floors above ground).

MixCollage-22-Mar-2024-11-05-AM-6457

Provided all the relevant permits are granted, construction work is expected to take 28 months.

The Apple Tree & Pear Office will be located in the Strovolos Municipality, on Marathasa Street. It is located at the junction of two busy avenues (Strovolos and Spyros Kyprianou).

MixCollage-22-Mar-2024-11-05-AM-9916

According to the project’s environmental impact study, which is under evaluation at the Department of the Environment, the proposed development’s two sections share two underground single levels, as do the first two above-ground levels. However, these are two independently functioning buildings.

MixCollage-22-Mar-2024-11-06-AM-4232

Tower A (11 floors) will consist of ground floor space, level one (1) offering large meeting spaces and a shared cafeteria for exclusive use. The remaining eight (8) floors are intended for office use, while a large conference space will be created on the top floor.

Tower B (5 floors), will consist of the ground floor area and four (4) floors intended for office use.

MixCollage-22-Mar-2024-11-06-AM-5628

At the ground floor level there will be a single linear car park, under which both reception areas will be located.

The main building volume of the development (Tower A) will be located on the western side of the block, close to the uneven junction, creating a strong presence in the urban fabric of both the area and the entire capital.

MixCollage-22-Mar-2024-11-10-AM-5181

As the environmental impact study states, its location at a junction of two important avenues was an important parameter for the design of a building of such special importance and reference.

Read More

Discover the pinnacle of urban luxury: your new penthouse in Nicosia
RentOnline: Save Money when Renting in Cyprus
Over half of property sales in H1 were high end, totalling €1b
Urban Living… in Suburban Luxury
Real estate investment opportunities by AstroBank
House Price Index up 2.5% on annual basis in Q2 this year
The cities most impacted by September's downward property trend
Prime real estate investment opportunity in Limassol by Elit Blue
Private event in Moscow to showcase YOO Limassol Inspired by Starck
Real estate investment opportunities by AstroBank