According to Insider, a well-known building in the center of Nicosia was sold for the amount of € 1 400 000.
This is the four-storey building Sideris Center which is located in the area of Trypiotis (opposite the central Costa Coffee).
The property in Gordian's portfolio was sold through G&P Lazarou to a Cypriot investor who will soon proceed with development in the area.
The property has 22 meters frontage and an area of 596 m2.
It has a building factor of 250%, and coverage of 70% up to the 4th floor, and 60% for the other floors.
The building was erected in 1980.
The sale of the building was announced through his personal social media account by G&P Lazarou CEO Petros Lazarou
The immediate area consists of mixed-use buildings, such as offices, shops, restaurants, Bank Institutions, etc.