Vragadinou 37 was the first of a series of project in the historical center of Limassol. The idea evolved when we identified the need for sustainability and refreshed design in the commercial real estate space of Limassol. Vragadinou 37 was an abandoned 3-storey retail shop off Anexartissias street (once the prime retail street of Limassol). Following the global trends and identifying that retail space is becoming less and less desirable we decided to convert the building into Class A office space.
The design inspiration came from New York’s loft style apartments, featuring industrial elements like brick walls and exposed concrete render.
The renovation lasted 3 months and we managed to full rent out the space to 5 individual companies, ranging from shipping, gaming to PSPs.
The project was complete in the beginning of 2020 and sold to a private equity group 6 months post completion
Location: Vragadinou 37
Strategy: Property secured on a long lease with sublease rights
Renovated and sublet to 5 individual companies ranging from Forex (CFD brokers) to shipping
companies and payments service providers.
Internal Area: 600sq.m.
Roof Terrance: 150sq.m.
Project completed in 3 months and fully rented during renovation.