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Case Study:
The Cyprus University of Technology in Limassol
Kyriakos Themistocleous
Cyprus University of Technology
ValPro European Project (Eracobuild VDP call)
The case study of the Cyprus University of Technology
provides a different perspective and highlights the
potential increase of added value in real estate when
involving extensive renovation and rehabilitation of older
buildings to serve new functions within an existing city
Phase 2
Phase 1
Locating the university in the center
of Limassol. Impacts?
Land-use changes
Key-driving role in the real estate
Economic impacts
Social impacts
Who are the Stakeholders?
Identify key stakeholders and roles
• University (lead stakeholder and chair)
• Public interests: political and statutory (planning, highways,
emergency services etc)
• Private interests (major land owners, utilities, developers etc)
• Community interests (local residents, employers etc)
Real Estate Impact
Both roles: ‘ client’, ‘purchaser’
Driving the real estate market in the centre of
Built form in relation to history, culture and
The economic and financial realities
The role of different agencies in delivering
investment and change
Sustainable design/construction
Direct comparison between new eco design
buildings with traditional design.
How the new design adds ‘value’
Apply life cycle costing and assessment for
buildings that make use of ‘new sustainable
designs’ and compare directly the results obtained
using the ‘existing traditional design’. Most of the
decisions makers or valuers or engineers ignore in
their value appraisal the major differences between
the two types of construction.
CUT Building Map
Currently in use by CUT
Under expropriation
Properties under leasing agreement
CUT Case Studies
Ttofi Kyriacou
Hero’s Square
University LIBRARY
Heroes Square
Value models for Building and real estate
industry scenarios
7 value streams
New business models
CUT used ‘open innovation’ and looked outside the university
(consulting companies, competitions) as a source of ideas to
make innovation and improvements.
Ecosystem since small changes have a wide variety of
outcomes—large number of interconnected participants who
depend on each other for their mutual effectiveness.
Value network considered as a set of activities linked
together to deliver a value proposition to the end user
Case Study for Improving
the Energy Efficiency of
the New Building Simeon
Calypso is a three-storey building with a ground floor parking area with a capacity for 32 cars. The building consists
mostly of offices and auxiliary facilities such as toilets, kitchenettes, storage areas, server room, waiting room and
circulation areas (corridors and stairs)
1. Natural Lighting
The natural lighting will be provided by sunpipes which achieve the greatest concentration light . They have vertical prisms
around the circumference of the dome to capture the sunlight in the morning and evening when it is at the lowest level. The
sunpipe can achieve up to 75% reduction in energy consumption for lighting used during the day.
2. Lighting Control System
A lighting control system using brightness detectors, presence detectors [occupancy sensors] and using new modern light
bulbs ΕΤΙΤ T5
3. EcoMesh System
Installation of EcoMESH, which is a unique mesh and water spray system that improves the performance of Air Cooled
Chillers, Dry Coolers and Refrigeration plants whilst reducing energy consumption by up to 44%.
4. Electrical Energy Conservation Systems
The choice and installation of an appropriate combination of energy saving systems in a building, leads to increased
electrical power use efficiency as well as decreases in installation costs
5. Automated monitoring of electricity consumption
This refers to the installation of a specialized system of measuring electricity consumption in the building. The system has
the ability to continuously monitor (per second) the electricity consumption for each item - device inside the building.
6. Reuse of liquid waste through biologic treatment – Gray Water
The use of the gray water through biological treatment can produce a reduction in water consumption of 80% for external
use and 50% for domestic use.
7. Automated water use and loss monitoring
This refers to the installation of an automated system for measuring water use, which is capable of rapid and accurate
discovery of losses throughout the plumbing of the building.
8. Green Roof
The modern trend in line with the principles of sustainable development and bioclimatic architecture is the creation of
functional green roofs.
Energy Efficiency Certificate for CALYPSO building according to the new energy legislation in Cyprus.
Thanks for your attention
ValPro European Project (Eracobuild VDP call)