Oxley Holdings Limited acquires two freehold sites in Cyprus
The properties were purchased at $13m (EUR8.4m).
Oxley Holdings Limited through its wholly-owned subsidiary Flitous Properties Limited has agreed to purchase two land plots in Cyprus.
The total purchase price of the land plots amounted to $13m (EUR8.4m).
The first land plot which measures 3178 square meters was purchased at $5.1m (EUR3.2m) from Demosthenous Michael, Christoforou Karl, Kyriakou Andrea, Patsalis Maria and Patsalis Bessy whilst the second land plot was bought at $8.4m (EUR5.3m) from Gereko Investments Ltd.
Flitous Properties Limited is the wholly-owned subsidiary of Oxley’s 50%-owned joined venture company, Oxley Planetvision Properties Ltd.