Construction Of 22-Story Labs Tower In Nicosia Enters Final Stage

В центре Никосии завершается строительство 22-этажного небоскреба Labs Tower
4 February 2022 Liza Medvetskaya
2096

In the center of Nicosia, the construction of a 22-story skyscraper called Labs Tower enter its final stage.

The building is expected to house the Cyprus headquarters of a group of companies owned by an Israeli-born Cypriot billionaire, Teddy Sagi.

In addition to office space, apartments for company employees, conference rooms, cafes, restaurants and a fitness center are provided in the high-rise. It is noteworthy that negotiations are currently underway to sign a contract with the owners of a restaurant with a big name. 

The cost of the project is estimated at 30 million euros. Approximately the same amount was allocated for the decoration of the building, equipment and furniture. The world-famous architectural company Eraclis Papachristou was engaged in the design of Labs Tower.

All residential apartments in the high-rise are fully equipped and furnished, cozy and have a beautiful view of the city. For the convenience of residents, the skyscraper provides service as in a 5-star luxury hotel.

As for the offices, they are mostly designed according to the type of coworking. There are also open-plan office spaces.

According to preliminary data, all work on Labs Tower will be completed around April. At the same time, employees of some companies have already settled inside the building.

The owner of Labs Tower is Israeli businessman Teddy Sagi, founder of Playtech PLC.

It is known that his company develops software for gambling. In particular, it provides software for online casinos, online poker rooms, online bingo games, online sports betting, scratch games, mobile games, real-time games and online arcade games. Playtech PLC was founded in 1999. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

In 2017, the businessman also created the company Globe Invest Limited. The main task of the organization is to manage Saga's assets and expand his real estate portfolio. The company conducts a wide range of investment activities from its new headquarters in Cyprus.

According to Forbes, Sagi has at least $5.6 billion. He is ranked 383rd on the Forbes Billionaires list and 69th among the richest tech entrepreneurs for 2017. In addition, Teddy Sagi is on the fourth place in the list of the richest people in Israel.

В центре Никосии завершается строительство 22-этажного небоскреба Labs Tower

You can find out more information about new buildings on DOM. The website also has a large number of real estate properties in Cyprus - from residential to commercial. Choose and contact professionals who will help you make the right choice!
Source: inbusinessnews.reporter.com.cy
Photos: inbusinessnews.reporter.com.cy
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