Valeriano Ltd, owned by Imperio founder and director Yiannis Misirlis, is planning an integrated large-scale mixed-use development in the Mathikoloni and Fasoula communities of Limassol.
The Environmental Impact Assessment study for the project’s construction and operation has been put forward for public consultation until 10 January 2025.
The proposed master plan includes strategic facilities such as elderly care homes, primary education (primary school), kindergarten, and secondary education (gymnasium/lyceum). Additional proposed facilities include a tertiary nursing school, medical staff accommodation, rehabilitation centre, medical facilities/clinics, and residential developments.
The project also incorporates environmental works including a public park, large green spaces, and extensive tree planting. Complementary facilities comprise residential complexes, a convenience store, restaurant/café, wellness facilities (gym/spa), and other amenities.
The development covers a land area of 314,253 square metres, with individual uses occupying 98,980 square metres (excluding green spaces, complementary facilities such as gyms, sports grounds, mini-market, and space allocated for community equipment).
According to the architectural design, the project will be executed in two phases over 10 years. The first phase includes elderly care facilities, medical facilities, staff accommodation, community equipment, a school, and residential developments. The second phase will comprise the nursing school, additional medical staff accommodation, rehabilitation centre, and further residential developments including villas.
The developers say the project aims to employ local residents, reducing commuting times. The school, medical staff accommodation, and nursing school are expected to minimise travel needs to and from Limassol’s urban centre.
The development will include 1,057 parking spaces, with 20 designated for disabled access and 118 for visitors. Special mobility plans and parking management schemes have been proposed, including provisions for 70% of school transport by bus.
The environmental impact study suggests the project will bring significant socio-economic benefits to the area, enhancing healthcare and educational services. It is expected to create employment opportunities for specialised staff including doctors, nurses, paramedics, teachers, academics, and entrepreneurs.
