A new private hospital is set to be built in Nicosia after Bank of Cyprus sold the building to a group of doctors for a reported €3m.
The building in question used to be home to Assiotis Home Plaza and subsequently Sun Tower.
According to an article in InBusiness news, Bank of Cyprus had been trying to sell the building for a few years. The deal was clinched a few days ago, the report said, with a group of Cypriot doctors for a cost of €3m.
The property at the moment has an area of 6,215 square metres. and is located on a plot of land spanning 2,283 square metres.
It has a building factor of 160 per cent which allows the construction of a six-floor building at maximum height of 24 metres.
Although the Bank of Cyprus was not immediately available to comment.