Aura, Agios Athanasios, Limassol

Square One is a Cyprus real-estate development and investment group headquartered in Limassol, with a further office in London. Founded in 2021, it was built around a single thesis: deliver investment-grade residential product in Limassol, priced for yield and aimed at international capital. It runs a fully integrated platform — in-house development, architecture, sales, legal and post-sale management — led by managing director Demetris Papadopoulos alongside a team drawn from architecture, engineering, quantity surveying and finance. Its output is mostly boutique-to-mid apartment buildings with rooftop gardens and pools, plus selective commercial and hospitality schemes, concentrated almost entirely in Limassol with one project in Paphos.

Agios Athanasios is one of Limassol's most sought-after residential suburbs, set on elevated ground in the north-east of the city where landscaped streets, family villas and modern apartment complexes look out toward the Mediterranean. It sits roughly 10 minutes from Limassol's centre and Molos seafront promenade, with motorway junctions on its doorstep giving quick links to Nicosia, Larnaca and Paphos. The area is known for a low crime rate, a quiet family atmosphere and two of the island's leading private schools — Foley's and The Grammar School — which makes it a magnet for relocating professionals and long-term residents rather than short-let tourists. For foreign buyers the case is straightforward: any nationality can own freehold property in Cyprus, on the same legal footing as a citizen, with title registered at the Land Registry (the Department of Lands & Surveys). Apartments here trade at roughly EUR 3,500–4,800 per m² and deliver gross yields around 5.5–5.8%, and a qualifying new-build purchase from EUR 300,000 can open a permanent-residence permit. Entry on Palmera starts from EUR 171,000 (+VAT).