Hadassah Healthcare Park: Major development in Lakatamia under public consultation

The private mixed-use hospital development Hadassah Healthcare Park is back in the spotlight as it has been submitted to the Department of Environment for public consultation.

This is one of the most ambitious and innovative development projects in Cyprus, aiming to redefine the landscape of top-tier medical services and rehabilitation on the island.

Project location and ownership

The proposed development, owned by Osopil Ltd, is located within the administrative boundaries of Lakatamia Municipality in Nicosia.

The project involves the construction of a mixed-use development featuring a five-storey private hospital unit (including one mechanical floor); a five-storey medical university (including one mechanical floor) with a maximum student capacity of 900; a five-storey commercial building for biotechnology office spaces (including one mechanical floor); and a five-story student housing building with 232 rooms.

According to the Environmental Impact Study, the estimated completion time for the project is 24 months, provided there are no delays brought on by internal or external factors. A detailed timeline outlining the project phases, as well as the start and completion dates, will be prepared by the project’s contractor.

The operation of the entire development is anticipated to create new job opportunities and further strengthen the local community, enhancing its socio-economic profile.

Preliminary estimates suggest that approximately 90 employees will work in the office spaces, while the university will accommodate and employ 500 people on average a year.

The student housing facilities will host around 250 residents.

The primary goal of this development is to provide healthcare and medical services through the hospital unit. The licensing application also includes the establishment of a university and biotechnology offices.

Project location details

The development is located within the urban fabric of Lakatamia Municipality. Approximately 440 meters northwest lies the THOI Lakatamia football stadium, while Magli Lake is around 650 meters northwest and the linear park of the Pedieos River 520 meters west.

This ambitious project is set to enhance the island’s healthcare infrastructure, promote medical education, and boost investment in biotechnology, while also contributing to the urban and economic growth of Lakatamia.

(Source: InBusinessNews)