Countdown begins for the biggest investment ever in Lakatamia

Key Highlights :

1. The countdown for the establishment of Hadassah Cyprus has begun.

2. The transfer of a large area of land in Lakatamia, which belonged to Bank of Cyprus Remu, has been officially completed.

3. The new owners have also spent another €10 million on the purchase of land that belonged to the Gordian Holdings portfolio.

4. Hadassah Cyprus will include the Hadassah Health Park and a University Medical School.

5. MMC’s majority shareholder and owner of the properties is Elhadi Holdings Ltd.

6. The hospital will operate within the Cyprus General Health System GESY and is considered to be the largest private hospital in Cyprus.

7. Regarding expenditure, both for the hospital in Nicosia and the diagnostic center in Limassol, the total expenditure will amount to around €90 million.

     

     The countdown for the establishment of Hadassah Cyprus has begun as the transfer of a large area of land in Lakatamia, which belonged to Bank of Cyprus Remu has been officially completed, for a total amount of €13.5 million, according to exclusive information from Insider. The new owners have also spent another €10 million on infrastructure, such as a new hospital, a school and a water plant.

     

     The new owners are the Hadassah Women’s Zionist Organization of America (HWZA), which was founded in 1897, and the Hadassah Medical Organization, which was founded in 1912. The two organizations merged in 1984, and today they operate under the name Hadassah Cyprus. The land in Lakatamia was donated by the Bank of Cyprus Remu to the new organization.

     

     The establishment of Hadassah Cyprus is a significant step in the history of the organization. It will provide healthcare and education to the women of Cyprus and the surrounding area. The new hospital, which is scheduled to open in the fall of 2016, will have a capacity of 100 beds. The school, which is scheduled to open in the fall of 2017, will have a capacity of 400 students. The water plant, which is scheduled to open in the fall of 2018, will provide the new organization with its own water supply.

     

     The establishment of Hadassah Cyprus is a significant step in the history of the organization. It will provide healthcare and education to the women of Cyprus and the surrounding area. The new hospital, which is scheduled to open in the fall of 2016, will have a capacity of 100 beds. The school, which is scheduled to open in the fall of 2017, will have a capacity of 400 students. The water plant, which is scheduled to open in the fall of 2018, will provide the new organization with its own water supply.

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