InsiderEconomyIsraeli businessman to invest near The Landmark

Israeli businessman to invest near The Landmark

Bank of Cyprus is considering offers from Israeli investors for two well-known properties in Nicosia and Paphos, with reports suggesting that it is only a matter of weeks before the deal is officially announced.

The first property is a corner plot of land of 1,581 sq. meters, located very near the Landmark Hotel (former Hilton), for which the interested investor has offered a sum in excess of €4 million.

The property has a building factor of 200% and a coverage of 50%, which allows the construction of a building with a maximum height of 38 meters. According to the same information, a combined development will be built on the property, with commercial and office space.

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