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Panda City Development Plc Tops the Bidding Process for Elea Estate and Golf Course
April 18, 2019
Following a Bank of Cyprus invitation to tenders, Panda City Development Plc, based in the United Kingdom, ran up the highest bidders for the acquisition of the Elea Estate & Golf Course, offering 49 million euro.
The process will be completed in around two months and Panda City Development estimates that the ensuing infrastructure will attract sale investments of over a billion euro in the next three years. The Elea Estate & Golf Course, situated in the Paphos area of Marathounta, will include
250 luxurious homes, 300 apartments and an 85 room boutique hotel. Cooperation with international chain Fairmont Hotels and Resorts is expected to be a major source of attraction for golf aficionados.