The Icon, a timeless, idyllic and exceptional marvel that now adorns the Cyprus coastline, had an impressive debut at the Pushkin Museum, Moscow. Imperio Properties delighted the guests by presenting its most sophisticated piece of architectural design, which is now among the tallest buildings at Limassol, Cyprus.
Imperio has reshaped Limassol’s lifestyle and prestige with the addition of The Icon, as was evident at the Pushkin Museum on Wednesday, November 7. A short presentation showcased the unique and luminescent diamond design of The Icon and its spellbinding views and interiors. Following this, attendees took a private tour of the museum, and enjoyed a live piano performance with cocktails.
The event at Pushkin Museum, one of the most historical of Russia’s museums, is part of a series of events that Imperio has held in Dubai, London and Tel Aviv. A positive response from clients has seen The Icon sell 40% of its apartments in a short time.
Yiannis Misirlis, Founding Director at Imperio, said, “The event at the Pushkin Museum was amazing. The guests got to enjoy some of the museum’s unique artwork on a private tour, and had the unique opportunity to see Virtual Reality images of the interior at the stylish properties at The Icon. The evening was a great success with both potential homeowners and investors recognising the quality of design, prime location and capital growth potential of The Icon.”
Located on the coastal road at Limassol, The Icon is 125m high, and the fourth tallest building in Cyprus. The building comprises 21 floors with 54 luxurious apartments, giving a panoramic view of the city from the East to the West, and inter-coastal views along the Mediterranean Sea. The 10th floor houses a modern restaurant with an impressive infinity-edge pool that gets ample sunlight and appears to stretch to the infinite horizon. The 3-dimensional slanted facades and verandas keep the apartment energy efficient.
Imperio has reset the coordinates of contemporary life in Limassol, Cyprus with properties that transcend expectations. A young, dynamic and forward thinking team, Imperio is proud to present its latest offering, The Icon.
For more information on The Icon’s unique offerings, please visit http://www.limassolicon.com
来源: Gold News
Fitch Ratings has upgraded Cyprus’ sovereign rating to investment grade, ‘BBB-‘ from ‘BB+’, with a stable outlook as the island expects a 2.7 per cent fiscal surplus this year and continuous growth that will boost receipts.
The upgrade followed similar action by Standard and Poor’s last month.
Finance Minister Harris Georgiades took to Twitter to thank everyone for their contribution.
“Forging ahead,” he added.
Fitch said the upgrade reflected the buoyant fiscal revenue and prudent fiscal policy, which will see Cyprus record a fiscal surplus of 2.7 per cent of GDP in 2018, compared with a target of 1.7 per cent in the April 2018 Stability Programme Update.
“We forecast the fiscal surplus will remain high at 2.4 per cent and 2.2 per cent of GDP in 2019 and 2020, respectively, compared with 3.1 per cent and 2.9 per cent targeted in the 2019 Draft Budgetary Plan. Robust economic growth will boost fiscal receipts, while previously adopted hiring freeze and collective agreements will likely limit growth in the wage bill.”
The rating agency said the island’s public debt will remain on a firm downward trajectory despite a one-off expected increase this year following the placement into Cyprus Cooperative Bank (CCB) of €3.19bn in government bonds (15.5 per cent of GDP) to facilitate the acquisition of part of the state-owned bank by Hellenic Bank.
The move will raise the debt to 104.4 per cent at end-2018 from 95.7 per cent in 2017.
“However, we expect large primary surpluses, robust growth and contained nominal effective interest rates will reduce GGGD/GDP to 70 per cent of GDP by 2027.”
The ratio of non-performing exposures (NPEs) to total loans fell to 40.3 per cent in the first half of the year from 44 per cent in 2017, partly supported by the announced securitisation by Bank of Cyprus (BoC) of €2.7bn gross NPEs.
The acquisition by HB of CCB’s good assets and the subsequent transfer into a run-off entity of CCB’s €5.7bn NPEs portfolio are estimated to have led to a further decrease in NPEs to 30 per cent in September 2018.
“This will support a substantial decrease in contingent liabilities stemming from the banking sector, although these remain large.”
Private sector debt and non-performing exposures remain high, however, at 226 per cent and 97 per cent of GDP in 1Q18, respectively, and constrain credit growth.
Household and corporate debt stood at 105 per cent and 121 per cent of GDP and a large part of the recent decline in such debt stemmed mostly from high GDP growth, debt-to-asset swaps, loan write-offs, rather than loan repayment.
“We expect private sector deleveraging will accelerate, however, as enforcement of new legal amendments, improving earnings and recovering house prices foster debt repayment. Economic growth will likely remain resilient to a faster resolution in NPEs as rising wages, a dynamic labour market and high household savings will help preserve disposable income and smooth consumption.”
Source: Cyprus Mail
Imperio to deliver the first luxurious tower in 24 months
Imperio Group of Companies has commissioned the construction of the luxurious residential project of The Icon in Limassol to the one of the largest construction companies in Cyprus, Iacovou Brothers.
Construction works are well underway and will be completed in twenty-four (24) months. The execution of the contract is expected to bring multiple benefits to the economy of the city, since it will create hundreds of new jobs in both the construction and service sectors.
The official signing of the contracts took place on 19 October at the headquarters of Imperio in Limassol.
The Icon will be 125 metres high and the fourth tallest building in Cyprus. The project, located on the coastal road of the Municipality of Yermasogeia. It is expected to be delivered in December 2020. It will offer 54 idyllic apartments over 21 floors. All with panoramic views of the city and the Limassol coastline with luxurious amenities and services around the clock.
According to Imperio, The Icon will consist of one-bedroom apartments to penthouses and whole floor apartments, fully equipped with furniture designed by Imperio’s award-winning Interior Designers team.
The 10th floor of the new high-rise development on Limassol’s seafront boulevard, will house a modern restaurant with stunning views of the city, the Mediterranean Sea and beyond and an impressive infinity-edge pool which seemingly stretches into the infinite horizon.
Upon completion of the project, the projected sellout will exceed €100 million, while 35% of the luxurious apartments has already been sold.
In his statements, Mr Iacovou, CEO of the Iacovou Group of Companies, welcomed the signing of the contract, saying that Iacovou Group is very delighted for undertaking the construction of the project and is looking forward to the successful implementation of this iconic building which will constitute a future landmark for the city of Limassol and Cyprus in general. The opportunity to join forces with an esteemed and respectable organisation like Imperio Group provides us with the ability to work closely towards a successful goal.
The project is emblematic both for Limassol and Cyprus in general, since, according to Mr Misirlis, Director of Imperio, “this is an impressive building in terms of design and specifications that will adorn the coastline of Limassol for in the coming decades”. He also added that The Icon will be easily comparable with similar projects in London, Paris, Miami and New York.