Cyprus Property News
Cyprus | Posted:

Apollo Heights at the Aphrodite Hills Resort is up for sale

One of the major residential projects surrounding the luxurious Aphrodite Hills Resort, the Apollo Heights is for sale. Actually 100% of the share capital of the company that manages the project and all its assets, is for sale.

The project consists of 41 luxury apartments of one and two bedrooms, gardens, communal squares and pedestrian pathways. Furthermore, it includes swimming pools one of which is heated. Additionally, it offers access to the Aphrodite Hills, including golf and tennis academies and other amenities such as spa, gym, restaurants and access to the beach.

Essentially the project is completed and until now the company is selling individual units, however the owning company, Amathus Vacation Ownership Limited, a subsidiary of Claridge Public Limited, decided to sell the entire project. Claridge controls the Amathus Beach Hotel in Paphos and 31% of the Amathus Beach Hotel Rhodes. Claridge is also a member of the Lanitis Group.  KPMG  have undertaken to conclude the transfer to the potential investor.