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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

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