The property is an agricultural field in the village of Orounta, Nicosia which is located about 1.4km southeast of the traditional core of the village and about 500m east of the main road Orounta - Kato Moni.

Τhe field has an irregular shape and a smooth flat surface.

The wider area is characterized by unused plots of land but there is also satisfactory residential development with medium level houses.

The asset was acquired by Themis Portfolio Management Holdings Limited within the restructuring framework provided for in the Cyprus tax legislation. We recommend that you seek independent advice regarding any property transfer fees that may be applicable.