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`Hayasa Properties Ltd' Pays Record Amount for Nicosia Real Estate

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  • `Hayasa Properties Ltd' Pays Record Amount for Nicosia Real Estate

    `Hayasa Properties Ltd' Pays Record Amount for Nicosia Real Estate
    2010/02/20 | 17:29

    http://hetq.am/en/diaspora/27228/
    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.
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