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Panda City Development won’t take over Elea Estate Golf Resort
© InCyprus | Panda City Development won’t take over Elea Estate Golf Resort

Panda City Development Plc had ambitious plans for Paphos-based Elea Estate Golf Resort to become yet another luxury destination in the Mediterranean but the takeover bid failed to bear fruit.
Following a Bank of Cyprus invitation to tenders, UK-based Panda City Development Plc submitted in April the highest bid for the acquisition of the Elea Estate & Golf Course, offering €49 million.
The process was expected to be completed in around two months with Panda City Development esti….. Read More On: InCyprus

Article Source: InCyprus
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