Russian property developer BBF plans to undertake a €189 million development project on the site of the historic KEAN soft drinks factory in Limassol.

Located in the Agios Athanasios region, this project will feature five high-rise buildings offering a blend of office and residential spaces. Additional facilities will include underground parking, retail and commercial spaces, and a central public plaza.

As outlined in the company’s submitted environmental impact assessment, the venture will consist of four residential buildings and one office tower.

The development will cover a total area of 46,162 square meters, with 40,768 square meters designated for building, accommodating public infrastructure needs.

Buildings Exceeding 80 Meters in Height

Positioned on the southeast and southwest corners, Buildings 1 and 2 will each feature a ground floor and 19 storeys of apartments, reaching heights of approximately 84 and 85 meters. The ground floors will house retail outlets and leisure facilities, with parking spanning the basement and semi-basement levels.

Building 3, situated on the eastern side, is designated for office use. It will have a ground floor and 17 upper floors, reaching a height of about 71.15 meters, with parking also in basement and semi-basement levels.

Buildings 4 and 5 will be positioned in the northwest and northeast sections. Building 4 will rise 13 floors above the ground floor, standing around 58.25 meters tall, while Building 5 will have 9 floors and reach approximately 39.15 meters. Both will incorporate parking facilities similar to the others.

Additionally, a communal structure between buildings 3 and 5 on the east will serve as a community hub for residents, with a height not exceeding 10 meters.

Three-Phase Development

The entire project is projected to conclude over six years, consisting of three phases.

Phase 1: Commences in January 2026, concentrating on the residential components, and is anticipated to wrap up by 2029.

Phase 2: Entails the erection of the office building, slated for completion by December 2029.

Phase 3: Encompasses the remaining residential structures, targeted for completion by December 2031.

During an environmental inspection, 16 types of vegetation were documented on the site, such as cypress trees and ornamental plants like oleanders. An olive grove with 150 olive trees, varying in age, was also identified in the northeast corner.

The area is classified under three urban planning zones: commercial, tourist, and mixed residential. The broader vicinity includes both residential and tourist developments, along with other ongoing construction projects.