Development Land in Larnaca, Eparchía Lárnakas

LAND PARCELS IN THE HEAVY INDUSTRIAL ZONE OF VASILIKOS, CYPRUS This distinctive energy-related property encompasses an area exceeding 26,133 m² (Building Coefficient 0.90:1 or 90% with a maximum of 2 floors) (hereinafter referred to as the 'Property'), located centrally within the heavy industrial zone of Vasiliko, Cyprus. It is positioned adjacent to the LNG (Liquefied Natural Gas) Terminal, which is set to become the largest project of its kind in Cyprus. The estimated cost of this LNG Terminal is €289 million, marking it as the most significant energy initiative in Cyprus. The project includes an LNG floating storage and regasification unit (FSRU), a jetty, mooring facilities, a pipeline, and various related onshore and offshore infrastructure. The Vasilikos Area, known as the Energy Park, is situated on the southern coast of Cyprus and is the sole industrial region in Cyprus equipped with port facilities for handling dirty cargo, with the potential for expansion to support the burgeoning oil and gas sector in Cyprus and the Eastern Mediterranean. Presently, the Vasilikos area is home to the largest power plant in Cyprus, VTTI's petroleum storage facilities, a cement manufacturing plant, an industrial port, and other industrial establishments. Additionally, the Vasilikos Area has been designated for the construction of the LNG liquefaction plant and the government's petroleum storage facility. Several characteristics render this parcel of land exceptional: - It is privately owned and remains entirely undeveloped, not held by the government or any corporation. - It is the only privately available land within the Vasilikos Energy Park. - It is strategically located in the heart of the heavy industrial zone of Vasilikos. - A constructed jetty adjacent to the property significantly minimizes potential construction costs for a new jetty. - Following the establishment of the LNG Import Terminal, this will be the only undeveloped land remaining in the Vasilikos Area, Energy Park. - It represents the only available private land within the Vasilikos industrial port, providing a substantial advantage for importing LNG via FSRU (facilitating the shipping of LNG or natural gas, as the land is included in the new port expansion).

Additional Property Information:
• Size: 26,133 m²
• Reference: SÒL_9221