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LONDON - DCI Advisors Ltd, an investment firm, has completed the transfer of three residential land plots in Cyprus to the company, as part of a transaction with Aristo Developers. On Wednesday, DCI announced that the land, valued at €12.8 million, has been exchanged for additional shares in DCI Holdings Two Limited, reducing DCI’s stake in the property developer to 17.81%.
The acquired plots, which have division planning permissions, are intended for sale and will be classified as current assets. One plot is situated in Peyia, consisting of 12 sites for residential houses, offering coastal views at Coral Bay. The remaining two adjacent plots are located on the seafront near Mandria, totaling 38,000 square meters.
The transaction follows an announcement made on February 21, 2025, and marks the company’s strategic move to adjust its holdings in Aristo Developers. The sale process for the land is currently underway, signaling DCI’s intention to capitalize on the assets rather than engage in development.
This information is based on a press release statement and reflects the latest asset management activities of DCI Advisors Ltd in the real estate sector.
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