Work starts on £190M superyacht marina development in Cyprus

Work is underway on a new £190 million superyacht marina complex in Ayia Napa, Cyprus. The new 600 berth marina will be able to accommodate yachts up to 80 metres and is scheduled for completion in 2021. The development, which will also include 190 apartments and a series of villas, is the brainchild of Cypriot entrepreneur Gerasimos Caramondanis and Egyptian investor Naguib Sawiris.

The marina has been specially designed to minimise breakwater to ensure a comfortable stay and will offer a wide range of marine services. The marina will be home to a brand new yacht club and beach club as well as a dedicated crew lounge. The neighbouring Pyare Village will act as the commercial hub of the marina, offering shops, cafés, restaurants and on-shore activities along a waterfront pedestrian promenade.

“Cyprus is a safe haven blessed by beautiful nature, year-round sunshine, modern infrastructure, a high standard of living and a genuine culture of warmth and hospitality, strategically located in the eastern Mediterranean at the crossroads of three continents – Europe, Asia and Africa,” said Ayia Napa Marina CEO, Stavros Caramondanis. “The modern, competitive and simple business environment coupled with a high quality of life make Cyprus an ideal place for both visitors and investors.”

The main feature of the development is two towers measuring more than 100 metres in height, which will both offer panoramic views. A mix of one, two, three and four-bedroom apartments will be available, as well as two full-floor penthouse residences.

“We’re not just building a place to live – we’re launching a new era in modern beachfront living,” said Project Partner Naguib Sawiris. “We will exceed the expectations of our residents and our guests and not only transform the Cyprus skyline, but change the way you think about Cyprus.”

With completion expected within the next five years the development is expected to revolutionise the Cyprus superyacht stay.

Pictures courtesy of Ayia Napa Marina

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