Labs Tower is a high-rise building in Nicosia, with 20-floors and 90 metres high. The building is currently under construction and is expected to be completed by mid-2020.
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.