New 'Athinaion' Development Planned in Central Nicosia
August 7, 2025
A new development called 'Athinaion Nicosia' is being planned in the center of Nicosia by Tofarco Ltd, with an estimated cost of 29 million euros. The project has received a positive opinion from the Environmental Authority. It will consist of two towers, with the Western tower housing commercial and office spaces, and the Eastern tower containing apartments and other facilities. The development is expected to create around 330 jobs and host 50 permanent residents. Construction is anticipated to take about 28 months.