The Shacolas Group participates with a 45 percent stake in Akinita Lakkos Mikeli Ltd, one of the biggest plots of land in Nicosia with an area of 240.570 sq. meters. Four joint owners hold the balance of 55 % of the shares. Akinita Lakkos Mikeli Ltd is an excellent plot because of its unique location and particularly privileged position, at the entrance of the Capital. It is situated next to the four-lane motorway, which links Nicosia with all towns of Cyprus, opposite the national park of Athalassa.
Development projects in the neighbouring area, which are currently under construction, or completed, or under consideration include:

• The Cyprus Stock Exchange
  
• The new Nicosia General Hospital
  
• The Shacolas Emporium Park
  
• Headquarters of the Cyprus Popular Bank
  
• Headquarters of the Hellenic Bank
  
• Headquarters of the Electricity Authority of Cyprus
  
• Headquarters of the Shacolas Group of Companies
  
• Headquarters of Louis Cruise Lines
  
• Headquarters of the Cyprus Olympic Committee
  
• The Industrial Training Authority
  

The property is ideal for the promotion of a mixed-use commercial and residential development, as well as for the construction of offices/business centre.