Developer bbf secures planning permits for Berengaria project

The real estate developer bbf has received all necessary town planning permits for the redevelopment of the historic Berengaria hotel site in Prodromos. This multi-phase project includes the restoration of the hotel along with the construction of luxury villas, townhouses, and residential apartments. The total investment for the development is valued at over €30 million. Currently, the project is progressing toward the acquisition of building permits, which are anticipated to be issued by the end of this year. The company expects the full implementation of the development to be completed by 2029. The site is intended to serve as a tourist destination and residential area, with the stated goals of revitalizing the Troodos mountain region and creating local employment. This development marks a significant shift for the historically significant property, aiming to transform it into a modern facility while maintaining its cultural status. No major opposition or controversy was reported in the project statements provided by the developer.