US-based NCH Capital (Cyprus) is preparing to launch a multi-million dollar tourism project in the region, which will be built on land currently occupied by the old Beau Rivage hotel.
According to local authorities, the project will build a hotel and a tourist village with villas and commercial real estate.
In addition, Mayor Andreas Viras said that the environmental authorities have approved the construction of two new 17-storey residential, office and commercial towers in the municipality of Larnaca, the project is owned by Avolo Properties Ltd.
The total building height will be 75 m, and the number of underground parking lots will be 1,169.
The proposed project is located in the southern part of the city of Larnaca, in the Skala area near the Salt Lake.
In the capital, investment in healthcare is coming to the fore, with an Israeli hospital in Lakatamia, outside Nicosia. It was originally planned to be built in Engomi.
HC Management of Medical Center PLC (MMC) (www.hcmedicalcenter.com), in collaboration with Hadassah Medical Ltd, a subsidiary of the well-known medical organization Hadassah, is reportedly embarking on the development of the iconic and innovative Hadassah Health Medical Center. Park in Nicosia.
Reports say that a major new shareholder, Elhadi Holdings Ltd, is keen to move quickly to build a mixed development project of over 100,000 sqm.
According to the information, the project has already received urban planning permission for the residential part, and the design of hospital and commercial elements is at a very advanced stage.The development will include integrated medical facilities with long-term lease of buildings. In addition, seven residential buildings with apartments for sale, a university building, offices, shops and a specialized condo hotel will be built.
Hadassah is reportedly planning to invest more than 150 million euros in the entire project of a hospital in the capital and a rehabilitation center in Limassol, which are expected to open their doors in 2024.