LIMASSOL, CYPRUS - Following the recent acquisition of a new building in Nicosia by Trust Cyprus Insurance Company, wholly owned by Nest Investments (Holdings) Limited, two other sister companies completed the purchase of another building in Limassol.
Trust Reinsurance (Cyprus Branch) and World Trade Center Cyprus jointly purchased a new seafront building, constructed by property developer Takis Vachiotis Limited, for €15.9 million.
Occupying a prominent position on the seafront main thoroughfare, the 7-story 3,700-sqm building will be delivered by May 2016. Part of the building will be occupied by staff of the two sister companies but the majority of the office space will be turned in to prestigious fully serviced business offices.
Nest Investments (Holdings) Limited (www.nestco.org) is a privately owned company, registered in Jersey and headquartered in Limassol Cyprus since 1995. The company owns diverse business interests in the MENA Region including insurance, reinsurance, banking, property development and licenced business services operations under the prestigious international name of World Trade Center Holdings, which owns 16 licences in the MENA region as well as Perth, Australia.
Trust International Insurance and Reinsurance (Trust Re), (www.trustre.com) which employs over 200 staff, is headquartered in the Kingdom of Bahrain with branches in Labuan, Malaysia; and Limassol, Cyprus with representative offices in Casablanca, Morocco and Quanzhou, China. Rated ‘A-‘ by Standard & Poor as well as A.M Best, the company provides reinsurance protection to many leading insurance companies as well as large corporate clients throughout Eastern Europe, Africa, Middle East and Far East.
World Trade Center Cyprus (www.wtccy.org) is a member of the World Trade Centers Association since 2004. The Association membership spans 6 continents, over 90 countries and more than 300 individual city / economic zones. WTC Cyprus provides business-to-business services in consultancy, professional training, serviced offices, trade missions, as well as conferences, seminars and trade exhibitions.
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