Cyreit with two top 10 commercial use high-rise buildings in Cyprus, with commercial use – Shacolas & Irida 3 Tower

Jun 6, 2022

Currently, there are over 70 buildings that are proposed or under construction that will stand taller than 50m upon completion, out of which 32 are skyscrapers. Shacolas & Irida 3 Towers are amongst the top 10 tallest constructed projects high-rise buildings in Cyprus, with commercially use.

Shacolas Tower is a high-rise building completed in the 1990s, which is located in the old town of Nicosia, the capital of Cyprus. It is currently the fifth tallest building in Cyprus and third in Nicosia. It is considered a hallmark of the city’s old town. The first 5 floors are H&M department stores and the 11th floor is an observatory and a museum overlooking the whole capital.

The rest of the floors are offering a panoramic view of the old city of Nicosia and are available for rent.

Irida 3 is a 14-storey commercial modern oval shaped building, mixture of public and private parking spaces, located in Chrysopolitissa, on Spyrou Kyprianou Avenue, one of the busiest avenues in Larnaca, 100% occupied with reputable tenants

Both assets belong to CYREIT the number ONE Cyprus AIF investing in Cyprus Real Estate

Tenants : KENDRIS Ltd , HF Markets , Singularis investments ltd, Tax Department & Citizens Service Center, H&M

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