Demolition Confirmed: KEAN Factory’s High-Rise Redevelopment in Limassol

Historic KEAN Factory Set for Major Transformation

The iconic KEAN factory on Limassol’s coastal avenue, in operation since 1st July 1956, is officially slated for demolition. This move follows its acquisition by bbf (Build Better Future), which aims to redefine the 40-acre site through an ambitious master plan featuring high-rise residential, commercial, and office complexes. Current proposals target buildings that could reach up to 20 storeys, promising a fresh take on Limassol’s evolving skyline.

From Landmark to Modern Landscape

For decades, KEAN has been a leading name in soft drinks, capturing over 25% of the local juice and citrus-flavored market. Their expansion into the HORECA sector includes reputable international brands, ensuring steady growth and recognition. As the company relocates its workforce to a new production facility in Limassol, bbf is prioritizing swift yet safe demolition. Preliminary timelines suggest that construction on the new development could begin by 2026.

Strategic Redevelopment

The KEAN Group’s sale was finalized in April 2023, marking a pivotal turning point for the site, which holds significant commercial value. Once the demolition and relocation phases are complete, the modernized area will likely boost Limassol’s economic appeal. For additional opportunities in Cyprus, have a look at our listings of Houses for Sale in Cyprus or consider exploring Cheap Apartments for Sale Cyprus for more budget-friendly options.

This ambitious redevelopment by bbf is set to attract further investment and add another layer to Limassol’s ongoing urban growth.