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Themis Portfolio Management Unveils High-Stakes Online Real Estate Auctions Across Cyprus

Introducing a Premier Auction Event

Themis Portfolio Management is set to redefine the investment landscape with an exclusive series of online auctions throughout June. Hosted on the renowned e-auctions platform, these digital events offer a carefully curated selection of agricultural, livestock, and residential plots spanning every district of Cyprus. Investors and developers now have access to a unique portfolio of properties, each presenting distinct opportunities for growth and diversification.

Auction Schedule by District

The auction events are segmented by district, ensuring local relevance and regional investment prospects:

  • Nicosia: June 2–6
  • Limassol: June 10–13
  • Paphos: June 16–20
  • Larnaca: June 23–25
  • Famagusta: June 26–27

Diverse Investment Opportunities

The forthcoming auctions present a broad spectrum of properties, from agricultural expanses ideal for farming and livestock to strategically located residential plots. For instance, a modest 149 sq.m. plot in Kalo Chorio Oreinis (reserve price of €1,000) offers proximity to essential roadways and public utilities, making it an attractive option for future development. Similarly, multiple plots in Agios Therapon, Limassol, with varying reserve prices and sizes, allow investors to engage in both protection and residential planning zones.

Highlighted Parcels of Land

Among the many opportunities, a few notable listings include:

  • A substantial 11,037 sq.m. plot in Mathikoloni, Limassol, with a reserve price of €14,250, situated in a prime agricultural zone.
  • A 10,313 sq.m. parcel in Geri Municipality, priced at €22,750, positioned near key industrial and residential areas.
  • An impressive 19,064 sq.m. agricultural plot in Vouni, Limassol, available for €10,200, strategically located near community boundaries with significant frontage.
  • A well-situated residential plot in Klirou, Nicosia, at €23,100, offering immediate access to local amenities and schools.

How to Participate

Bidders interested in these premium real estate opportunities should register through the official e-auction system. Detailed guidelines are available to ensure a seamless digital bidding experience.

Conclusion

This series of online auctions serves as a strategic touchstone for investors looking to capitalize on Cyprus’s diverse real estate market. Whether targeting agricultural development, residential expansion, or long-term capital appreciation, the events orchestrated by Themis Portfolio Management offer a robust platform for making informed investment decisions.

€50 Million Luxury Resort Planned For Ayia Napa

Ayia Napa could strengthen its position in the premium tourism market with a proposed €50 million mixed-use resort combining a hotel, serviced apartments, luxury bungalows and a beach club.

Aesara Investments Ltd has submitted an information form to the Department of Environment for a development to operate under the name Atlantica Wavemaster Hospitality. The project is planned for the Limnara area of Ayia Napa, along the coast south of Kryou Nerou Avenue, between the town centre and Cape Greco.

Hotel, Apartments And Luxury Bungalows

The proposed resort will include a 324-room hotel with capacity for 648 guests, alongside a condo-hotel building containing 20 one- and two-bedroom apartments. Facilities are planned to include restaurants, bars, cafés, a spa with an indoor pool, a gym, shops, a multipurpose hall, a children’s club and a cinema.

A further 33 three-level luxury bungalows, each designed for two guests and featuring a private swimming pool, are planned for the southern part of the site. A beach club with a restaurant and an outdoor pool complex covering more than 6,300 square metres will also form part of the development.

The project includes 321 parking spaces, including 12 for people with disabilities, and 14,196 square metres of landscaped green space featuring local plant species.

Seasonal Hotel Operations And Year-Round Residences

The hotel is expected to operate from March to November, with peak occupancy during the summer season. The condo-hotel apartments, meanwhile, will be available for sale or long-term rental and intended for year-round residence. Owners and tenants will also have access to the resort’s facilities, including its pools, restaurants and fitness areas.

Construction is expected to take 24 months once the required permits are secured. At the busiest stage, the project could employ around 100 workers per day.

Environmental Restrictions Near Cape Greco

The site’s proximity to protected Natura 2000 areas has prompted strict environmental requirements. The Cape Greco Special Protection Area borders the site to the south, while a Special Area of Conservation lies approximately 50 metres away.

Conditions imposed by the Department of Environment include a maximum building height of five floors, or 18.5 metres, and restrictions on permanent structures near the coastline. The project must also use spider-web type glazing and low-intensity lighting to minimise disturbance to local birdlife.

According to the project’s consultants, the design has been prepared to comply with the environmental conditions and the final report on cumulative impacts for the Cape Greco Special Protection Area. The hotel and apartment building are positioned in the central and northern parts of the plot, away from the shoreline.

Within the designated no-build zone, located 40 metres from the boundary of the beach protection zone, only swimming pools are planned. The consultants state that these are not expected to affect protected species in the area.

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