€22 Million Mixed-Use Tower Planned In Neapolis, Limassol

This new €22 million mixed-use tower is set to transform Limassol’s Neapolis area, marking a significant investment in the city’s emerging skyline. Developed by P.G. Economides Properties Ltd, the project has secured Environmental Authority approval and is poised to commence a 28‐month construction phase following permit issuance.

Project Overview

The development will be built on a 3,123 square metre plot along 28 October Avenue, one of Limassol’s main coastal roads. According to the environmental assessment study, the tower will reach a height of about 87 metres. The building will include a ground floor, mezzanine level, 18 upper floors, a roof garden, and two underground levels primarily used for parking and service areas. The project is designed to accommodate both office and commercial activities.

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Design And Layout

The two basement levels will cover approximately 4,780 square metres and will mainly serve as parking and support areas. The ground floor, with an area of about 651 square metres, will include a reception area, dining space, and additional parking facilities.

A mezzanine level will provide extra space for dining and terrace seating. The upper floors will be used primarily for office space, with a total office area of approximately 7,470 square metres. Certain levels will also include shared facilities as well as areas designated for events and reception functions.

The roof garden will include landscaped areas together with shared spaces and technical infrastructure.

Strategic Location And Connectivity

The tower will be located in a mixed-use urban zone that already includes residential buildings, offices, and tourism-related businesses along Limassol’s seafront.

Access to the site will be provided through Dandi Street to the east and Raphael Street to the north. The location also offers proximity to Griva Digeni Avenue and nearby commercial landmarks, including the Oval building. The Vathia Potamos area is located approximately 77 metres to the east of the site.

Parking And Accessibility

In addition to the extensive parking accommodations offering 146 parking spaces (including provisions for persons with disabilities), the project also supports alternative transportation needs, featuring dedicated spaces for 20 bicycles and 15 mopeds. Such forward-thinking planning reinforces the development’s commitment to accessibility and urban mobility.

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Cyprus Expected Working Life Reaches 39.5 Years, Above EU Average

by THEFUTURE.TEAM

July 20, 2026

People in Cyprus are expected to spend 39.5 years in the workforce, around two years longer than the European Union average of 37.5 years, according to the latest Eurostat data for 2025.

The figure places Cyprus among the EU countries with the longest expected working lives.

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Cyprus Ranks Above EU Average

Only a handful of member states recorded higher figures than Cyprus. The Netherlands topped the ranking at 44 years, followed by Sweden at 43.4 years, Denmark at 42.6 years, and Estonia at 41.5 years.

At the other end of the ranking were Romania with 32.7 years, Italy with 33.0 years, Bulgaria with 34.6 years and Greece with 35.3 years.

Gender Gap Remains Wider Than EU Average

Men in Cyprus are expected to remain in work for 42.1 years, compared with 36.7 years for women. The gap of 5.4 years exceeds the EU average gender gap of 4.1 years.

Across the bloc, Lithuania, Latvia and Estonia were the only countries where women were expected to spend longer in employment than men. Finland recorded the smallest positive gender gap at 0.7 years.

Italy posted the widest gap at 8.9 years, followed by Romania at 6.9 years, Greece at 6.7 years and Malta at 6.3 years.

Working Lives Continue To Lengthen

Between 2016 and 2025, expected working life in Cyprus increased by 3.5 years, placing the country among the strongest performers in the EU over the period. Men’s expected working life rose by 3.3 years, while women’s increased by 3.6 years.

Across the EU, every member state recorded an increase. Malta posted the largest gain at 4.9 years, followed by Hungary and Ireland at 4.2 years each, and the Netherlands at 4.1 years.

Malta’s increase was driven largely by women, whose expected working life rose by 7.8 years, the biggest increase recorded across the bloc.

By comparison, Romania, Spain, Italy, Germany and Austria recorded gains of two years or less over the same period.

Women’s Working Lives Increase Faster Across Europe

Women’s expected working life increased faster than men’s in most EU countries. Denmark, Romania, Sweden and Greece were the main exceptions.

In Cyprus, gains for men and women were broadly similar, alongside Bulgaria, Belgium and Slovenia.

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