Cyfield loses appeal over Nicosia centre redevelopment tender

The Supreme Constitutional Court has rejected, at second instance, a bid by Cyfield Development Public Ltd to overturn Nicosia Municipality’s decision to award the redevelopment of the Makarios-Stasikratous-Evagorou triangle to another company instead.

The Supreme Constitutional Court, sitting in its appellate jurisdiction, accepted some of the grounds of appeal but rejected the appeal overall, finding the first instance court’s judgment, and by extension the Tenders Board’s decision, to have...