Santa Rosa TowerNovember 6, 2014
Limassol BluMay 13, 2014
The project is located in the most central and prestigious part of the Capital – right across from the Nicosia Hilton Hotel.
It is adjacent to the Government / Qatar mega mixed use development in excess of Euro 10 billion in development value. The project is flagged by two main commercial roads with major high street exposure.
The most innovative mixed-used tower in the heart of the Nicosia business district aiming to attract multinational corporate tenants and high-end commercial retail brands. The tower is being designed by Benoy, UK a living design and architectural firm worldwide.
|Gross Development Value||34|
|Total Development Cost (excl. Land)||11|
|Rental Revenue Offices (2016), €/sqm/month||18|
|Rental Revenue Retail (2016), €/sqm/month||32|
|Total Rental Revenue (2016, 95% occupancy)||1,8|
|Annual Rental Increase||4%|
|Project debt to equity||60/40|
|Project Infrastructure||In Place|
|Project Fair Enterprise Value, MM||14,3|
|Total Nicosia City Center (GBA)||13,808|