February 10, 2009

PRESS RELEASE: Appointment Of General Constructions Company Ltd (GCC) As Prime Contractor For The Grove Spa Resort, Cyprus

PRESS RELEASE The Grove Spa Resort, Cyprus – Appointment of General Constructions Company Ltd (GCC) as Prime Contractor.

InvestinCyprus.com Developers has appointed the General Constructions Company (GCC) as the prime contractor for its landmark 5 Star mixed-use scheme, The Grove Spa Resort in Mazotos, Cyprus.

GCC was founded in 1947 and is one of the leading construction companies in Cyprus with its head office in Nicosia.

GCC has constructed many prestigious projects in Cyprus, including: The Annabelle 5 Star Hotel in Paphos, Ayia Napa Water Park, IKEA, and The Embassy of The People’s Republic of China to name a few.

The company has also undertaken large projects for the Cyprus government and UK Ministry of Defence.

Further, the company has successfully operated in Saudi Arabia for over 30 years and is now establishing a strong presence in Bahrain.

The motto of GCC is “Quality First” and the company this week celebrates its 62nd year of delivering quality construction projects.

Commenting on the appointment of GCC, Stephanie Fairhurst, Managing Director of InvestinCyprus.com Developers said,

The appointment of GCC as our main contractor shows our commitment to delivering a top quality resort by employing only the very best professionals for this outstanding project. GCC has a strong reputation for excellence and professionalism and we are delighted to be working together.”

Phase 1 of the build of The Grove Spa Resort was completed at Christmas before the purchase of an additional plot of land to add further facilities to the scheme.

The revised plans have now been approved by the authorities and Phase 2 of the construction begins this week.

InvestinCyprus.com Developers Director Dominic Farrell says:

We couldn’t refuse the opportunity to purchase an additional plot of land adjacent to the scheme and buyers have been extremely pleased with the extra value the enhanced facilities have provided.”

Mr Farrell continues, “Testament to the appeal of The Grove Spa Resort is that, even in the present climate, we still have strong interest from buyers and continue to make sales, despite having sold 80% of the scheme before we started construction.”

Notes for Editors:

The Grove Spa Resort in Mazotos, Cyprus is a 5 star mixed-use scheme due for completion in 2010.

In addition to 128 residential units, there is a restaurant, supermarket, on-site rental and resale office, concierge service, health spa, gymnasium, dance studio, hydrotherapy pool, 3 outdoor pools, tennis court, sports TV room, children’s play area and secure underground parking and storage units.

There has been worldwide interest in this project with buyers from UK, Ireland, Cyprus, Hong Kong, Poland, Malaysia, Dubai, Bahrain, Sweden, Italy, India, South Africa, Singapore and Azerbaijan.

For further information and interviews please contact Dominic Farrell on +44 (0) 151 244 5432