Labs Tower is a high-rise building in Nicosia, with 25 levels and 95 metres high. The building is currently under construction and is expected to be completed soon.
It will accommodate the headquarters in Cyprus of the Sagi group. Teddy Sagi is an Israeli billionaire who has entered the co-working share workspace sector with a new international brand called Labs at selected locations in major cities around the world.
The Labs Tower will accommodate a café, restaurants, a fitness centre and meeting rooms for the Group’s business needs. The construction of the project alone will cost some €25 million, and after the installation of equipment the project’s estimated cost is around €50 million.
The construction of the project is given to Zemco while the design was the work of Heracles Papachristou architectural office.