"HAYASA PROPERTIES LTD" PAYS RECORD AMOUNT FOR NICOSIA REAL ESTATE

2010/02/ 20 | 17:29

Diaspora

Hayasa Properties Ltd, along with its sister company, Hayasa
Productions, has paid Eur 18.25 million, the highest price ever,
for a piece of downtown Nicosia real estate.

Hayasa Productions is a music and digital media company owned by
French and Cypriot Armenians, according to a piece in yesterday’s
Financial Mirror.com. A company official says that the 2,000 square
meter purchase will be developed into a multi-storey venture that will
include a modern boutique hotel, commercial and residential space and
the capability to rise up to 18 floors with five underground levels.