LIMASSOL, Cyprus, May 16, 2019 /PRNewswire/ -- With all the permits
in place, the investment structures of the international
businesswoman, Elena Baturina
announce the launch of construction for Symbol, a high-end
residential development in Limassol, Cyprus. The construction itself will be
carried out by Cyprus construction
company the Cyfield Group, with completion scheduled for 2021.
As was previously announced, the overall investment into the
development will amount to €40 mln. The plot of 4.6 thousand square
meters located directly on the beachline in close
proximity to the Limassol city centre with easy access to all
amenities and transport links, was acquired in November 2016.
"Symbol is a comprehensive contemporary development, designed
round the concept of offering maximum benefits to its future
residents. It has unique inner and outer architecture, a beach
literally at the doorstep, unobstructed sea views, extensive list
of services and highly developed infrastructure. We are sure it
will become a landmark for the city," says Alexander Rezchikov,
Managing Director.
Developed by the Spanish celebrity architect Ricardo Bofill and his studio 'Taller de
Arquitectura', the building will be comprised of 23 residential
units, a total of over 7 thousand square meters. The concept offers
spacious terraces on each floor, layout flexibility permitting
variations in the apartment's size and typology. In the territory
of the development there will be such facilities as an underground
parking, health, spa and fitness zones, recreational areas, a pool,
a private garden and dedicated concierge and security services.
In the past, Elena Baturina
gained extensive experience in management in development and
construction. She headed her own construction company Inteco for
two decades. Under her direction, the company became one of the
leading construction firms in Russia, with a wide-ranging, award-winning
portfolio that extended beyond the borders of the country.
Her commercial interests now encompass hotels in Ireland, the Czech
Republic and Russia,
renewable energy interests in Italy, Greece
and Cyprus, a construction company
in Germany specialising in the
architectural membranes used on Wimbledon's Centre Court
retractable roof amongst other high-profile venues, plus extensive
commercial and residential property interests in the EU, the US,
Kazakhstan and Russia.
The latest Forbes ranking lists Baturina as the richest Russian
female billionaire with a fortune of USD1.2bln.
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SOURCE Press Office for Elena
Baturina