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Columbia Group Launches €1bn Resort Development Following Landmark Acquisition

Strategic Acquisition Sets the Stage

The Columbia Group, a leading international Cypriot enterprise, has secured the Secret Valley resort in a deal worth over €130 million. Finalized after nearly four months of rigorous negotiations with Bank of Cyprus’ real estate management unit, this transaction marks the largest property sale recorded on the island, fundamentally reshaping the local real estate landscape.

Ambitious Development Blueprint

Formerly known as Venus Rock Golf Resort, Secret Valley encompasses approximately five million square metres of prime coastal land between Limassol and Paphos, adjacent to Aphrodite Hills. With an 850-metre beachfront offering direct access to both Paphos International Airport and Larnaca Airport, the property provides an exceptional strategic advantage for luxury tourism. The development plan by Columbia Group includes a luxury five-star hotel and beach club, approximately 3,000 residences—both villas and apartments—with expansive sea views, a new 18-hole golf course that complements the existent facility, and a small marina for leisure boats.

Comprehensive Infrastructure Development

Supporting the ambitious resort expansion, a desalination plant is underway to secure water self-sufficiency, while additional commercial and leisure facilities such as a shopping center, restaurants, and retail zones promise to create a complete, self-contained community. This multi-faceted project not only aims to leverage the full spectrum of existing development permits but also stands as a testament to the Cypriot market’s capacity to absorb large-scale real estate investments.

Market Impact and Strategic Vision

Columbia Group, known for its robust presence in shipping, tourism, and real estate, already operates the Columbia Resort in Pissouri. The acquisition of Secret Valley—personally selected by Chairman Heinrich Schoeller for its strategic importance—aligns seamlessly with the group’s long-term development strategy. This development is poised to not only elevate the island’s standing as a premier destination for luxury and golf tourism but also reinvigorate investor confidence in Cyprus’ real estate sector.

EU Moderates Emissions While Sustaining Economic Momentum

The European Union witnessed a modest decline in greenhouse gas emissions in the second quarter of 2025, as reported by Eurostat. Emissions across the EU registered at 772 million tonnes of CO₂-equivalents, marking a 0.4 percent reduction from 775 million tonnes in the same period of 2024. Concurrently, the EU’s gross domestic product rose by 1.3 percent, reinforcing the ongoing decoupling between economic growth and environmental impact.

Sector-By-Sector Performance

Within the broader statistics on emissions by economic activity, the energy sector—specifically electricity, gas, steam, and air conditioning supply—experienced the most significant drop, declining by 2.9 percent. In comparison, the manufacturing sector and transportation and storage both achieved a 0.4 percent reduction. However, household emissions bucked the trend, increasing by 1.0 percent over the same period.

National Highlights And Notable Exceptions

Among EU member states, 12 reported a reduction in emissions, while 14 saw increases, and Estonia’s figures remained static. Notably, Slovenia, the Netherlands, and Finland recorded the most pronounced declines at 8.6 percent, 5.9 percent, and 4.2 percent respectively. Of the 12 countries reducing emissions, three—Finland, Germany, and Luxembourg—also experienced a contraction in GDP growth.

Dual Achievement: Environmental And Economic Goals

In an encouraging development, nine member states, including Cyprus, managed to lower their emissions while maintaining economic expansion. This dual achievement—reducing environmental impact while fostering economic activity—is a trend that has increasingly influenced EU climate policies. Other nations that successfully balanced these outcomes include Austria, Denmark, France, Italy, the Netherlands, Romania, Slovenia, and Sweden.

Conclusion

As the EU continues to navigate its climate commitments, these quarterly insights underscore a gradual yet significant shift toward balancing emissions reductions with robust economic growth. The evolving landscape highlights the critical need for sustainable strategies that not only mitigate environmental risks but also invigorate economic resilience.

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