Alexis Erotocritou heads the department at A.G Erotocritou LLC, which has particular expertise in a number of niche areas such as the construction of skyscrapers, five-star star hotels and industrial parks. In addition, it advises a significant number of high net worth private clients globally on real estate matters and frequently acts with several leading international law firms on major real estate projects. The team also handles some complex and high-value disputes in this sphere. Associate Georgia Demou receives plaudits for her work on real estate matters too.
Real estate and construction in Cyprus
Other key lawyers:
‘All members have exposure to high value and profile transactions and handle international work. Team members are very flexible and friendly. As regards the real estate sector, the firm has developed an exceptional reputation in Cyprus and is considered one of the law firms for handling the most high profile transactions in this sector. The fact that the firm and its members have a great reputation and share respect from anyone, helps them to close deals and achieve their targets more effectively for clients’.
‘Alexis Erotocritou is the leading lawyer in Limassol in real estate. Georgia Demou is a bright senior associate with great potential’.
‘The firm provides various legal services, with its litigation and banking, corporate and real estate departments standing out for its professionalism. The firm has an outstanding approach for enhancing relationships with its clients and colleagues. It has a fresh attitude and is a very enthusiastic team with great depth of knowledge in the specialised matters it handles’.
‘We have had the opportunity to collaborate with Alexis and Georgia Demou on real estate matters as they handled work required for our clientele (primarily on sale agreements of immovable property). Both are exceptional lawyers with extensive knowledge of their fields, adopting a practical approach and providing a 24/7 service to clients. The team has a designated and specialised group of experts hence can handle any real estate request and do a great job at all times’.
‘Alexis Erotocritou is exceptional in handling real estate matters and leading the department. He always adopts a practical approach, he is a problem solver and is available 24/7 for the client’.
- Advising a UHNWI on the set up of a luxurious hotel in Cyprus.
- Advising a UHNWI on the set up of an industrial park in Cyprus.
- Represented a listed Greek company on the purchase of a real estate asset.
The real estate and construction group at Chrysses Demetriades & Co Law Office is part of the firm's broader corporate and commercial department. It has dedicated team members who advise on a vast array of major infrastructure, construction and real estate projects under the guidance of Constantinos Mavrellis and Christos Mavrellis. Clients include some of the largest real estate development companies and numerous leading contractors in Cyprus, as well as several of the most prominent real estate investors who are active locally. The firm has also been busy advising on the licensing of various mixed tourist development projects in the country. Senior associate Maria Socratous is also recommended for her work on all aspects of property law.
Constantinos Mavrellis; Christos Mavrellis
Other key lawyers:
Muskita Hotels Limited
- Advised Pafilia in connection with the joint venture development agreement regarding Minhtis Hills golf resort and its negotiations with the Holy Metropolis of Paphos and the project financiers.
- Advising on the operation of CYREIT, including the monitoring of rental agreements with tenants, the acquisition of further assets, corporate structuring and all other incidental matters.
- Advised Muskita Hotels in connection with certain issues arising from the COVID-19 including the suspension of operations, putting employees on specialty schemes provided by the government, dealing with tour operator contracts and dealing with insurance matters.
The real estate department at Elias Neocleous & Co LLC is headed by Christos Vezouvios. The team has been active in dealing with the property acquisition aspects of significant cross-border M&A transactions, as well as on major PPP projects, renewable energy and leisure projects. It acts for some of the largest real estate funds and developers on the island and also acts for many substantial companies in the real estate sector that are active in other regions such as Greece, CEE and CIS. The department is also well-placed to advise private clients and family offices on international property deals and those who are interested in acquiring property in Cyprus. Associate Christiana Georgiou is also well-regarded.
Other key lawyers:
Bank of Cyprus
Prodea Real Estate Investment Company
CYREIT Variable Capital Investment Company PLC
Landmark Hotel, Nicosia (ex-Hilton Hotel)
Invel Real Estate Partners
British High Commission/ UK Foreign Office
KIP Consulting Group
Evolutsia Conglomerate Limited
Galaxia Properties Limited
PNS Restaurants Limited
Qatar Mining Company
RREEF Real Estate
SOLEK HOLDING SE
- Assisting Cyprus Tourist Development Company Limited through the planning and implementation process for the redevelopment of a five-star hotel and construction of two residential towers.
- Assisting a major commercial listed property fund with its negotiations and agreements with numerous commercial tenants during the COVID-19 lockdown and the implementation of Government imposed measures and support mechanisms, as well assisting with all of their ongoing property and commercial matters.
- Advising a major international corporation on the purchase and redevelopment of a heritage listed building in Cyprus for its conversion into office space.
The real estate department at Ioannides Demetriou LLC is headed by Andrew Demetriou, Pambos Ioannides and Theo Demetriou. It has has an excellent track record of working on significant construction and project financing matters and has a strong contentious and non-contentious construction offering that has played a pivotal role in most of the most significant projects that have taken place in Cyprus in recent years. Clients include international and local banks, public bodies, semi-governmental organisations as well as public and private foundations. It has also been busy advising universities, international and local contractors and commercial enterprises in addition to hotel and tourism companies on the full spectrum of property and construction matters.
Andrew Demetriou; Pambos Ioannides; Theo Demetriou
‘In-depth knowledge on construction and claims issues’.
‘Andrew Demetriou stands out. He is knowledgeable , direct and says things the way they are’.
IT Quarter Ltd
Cyprus Housing Finance Association
A. Tsokkos Hotel Public Ltd
Woolworth (Cyprus) Properties Public Ltd
Elite Constructions Ltd
Nicodemou & Gavrias Construction Company Ltd
Electricity Authority of Cyprus
NKS Shacolas Group
Lois Builders Ltd
Medcon Constructions Ltd
Miltiades Neophytou Civil Engineering Contractors & Developers Ltd
Paphos Sewerage Board
Medcon & DB Technologies JV
- Advised IT Quarter Ltd during the negotiation process and on the conclusion of the contract for the purchase of a number of immovable properties for a total price of over €32m.
- Advised the Electricity Authority of Cyprus on the interpretation of force majeure clauses in existing contracts in conjunction with the Covid-19 pandemic in the context of multiple contracts and regarding the conversion of power plants to LNG fuel.
- Provided legal assistance to the JV, which was set up for the execution of the contract awarded to it for a waste processing plant at Pentakomo, during an fraud investigation launched against it by OLAF.
Michael Kyprianou & Co. LLC has a ‘very accessible team at all levels‘ with a ‘real can-do’ attitude’ that ‘is immersed in the real estate market locally'. ‘Problem-solver’ and ‘very responsive’ Savvas Savvides heads the tea, which is vastly experienced in all aspects of property transactions, real estate litigation, planning law and related tax issues. The practice also has particular expertise in advising clients on foreign currency real estate finance deals. The ‘very knowledgeable and professional’ Esme Palas is a new partner promotion who ‘will always go the extra mile for her clients’.
Other key lawyers:
Esme Palas; Eleni Drakou
‘The service that I received was first-class. My solicitor acted with the utmost professionalism, but at the same time I felt like I was dealing with my friend’.
’Our lawyer Esme was amazing in dealing with our case, she managed to take the weight off our shoulders and clarified anything we didn’t understand.’
‘Savvas has gone above and beyond for my case, he explained the matter to me very clearly, each part of my case, I always felt very confident in his work. He always makes himself available for any queries I may have. And always responds quickly to my emails. He is professional, kind and very understanding’.
‘The lawyers are very helpful, accurate, attentive and explained the process of house purchase and registration exactly as it was, covering every aspect of the process. All the partners I dealt with were efficient, had excellent attention to detail and explained the process very well in terms that I could understand’.
‘This is a firm where you simply feel at home and know that your best interests are paramount and protected. Besides being extremely professional, diligent and creative – its extensive network, both locally and globally – is truly remarkable, and it enables the firm to deal with any legal challenges better than other firms, and also to proactively introduce business opportunities to clients. All this combined, makes it second to none’.
‘Savvas is highly knowledgeable in all matters of the law and business, and together with his entrepreneurial skills he is able to steer the firm through all challenges in our ever changing world. His vision, strength and determination are the keys to the successful results he and the firm achieve for their clients‘.
‘Esme Palas is without a doubt the ultimate attorney you want on your side. She has a rare ability to combine her extensive legal knowledge, business acumen and high level of emotional intelligence, to overcome complex legal situations and close deals successfully. In light of her many years of experience and success in the market, Esme enjoys the trust and confidence of her peers and colleagues, which is extremely advantageous in achieving her clients’ goals’.
‘The team approaches its work with a complete client focus in mind, and a commercial outlook – that has had a real positive impact on the transaction outcome. Often dealing with cross-border clients, the quality of communication is exceptional ensuring as smooth a process as possible’.
George Ioannou leads the team at George Z. Georgiou & Associates LLC , which advises funders, companies, landowners as well as landlords and tenants on the full range of contentious and non-contentious real estate and construction-related matters. It has increasingly been advising in areas as diverse as debt-for-assets swaps as well as planning and environmental law. Firm managing partner George Z Georgiou is another key member of the team; he is particularly skilled at representing clients in court and mediation proceedings relating to land law.
Other key lawyers:
George Z Georgiou
‘Excellent and deep knowledge – ability to provide solutions’.
‘The team is impressive in that it collates knowledge from both English and Cypriot law. We have so far co-operated with George Z. Georgiou and George Ioannou who provided services of a high standard’.
‘Knowledge and experience are the key capabilities of the team. Key people have the knowledge, the experience and the know-how which makes them stand out from competition’.
Papadopoulos, Lycourgos & Co LLC acts for some of the country’s largest developers, investment funds, construction companies, land investors and land owners in all aspects of the development process. It has extensive expertise in immovable property transactions and property disputes acting for both individual and corporate clients in Cyprus and abroad. Nicolas Papaconstantinou heads the department.
- Represented a client in the establishment of a condo hotel in a prime location in Limassol.
- Represented and advised a client on the exchange of the client’s land with apartments erected by another entity on the said land.
- Represented a client in the establishment of a hypermarket in a large commercial centre in Larnaca.
Patrikios Pavlou & Associates LLC has a versatile team that advises on the full range of matters from the setting up of Cyprus international trusts structures for real estate assets to handling property litigation. With Stavros Pavlou and Stella Strati at the helm the practice is renowned for its work with a variety of project developers and high-net-worth individuals on a whole host of issues including debt to asset swaps and all forms of agreements for real estate developments and on property finance matters.
Stavros Pavlou; Stella Strati
Alpha Bank (Cyprus) Ltd
Local and foreign investors and construction companies
- Advising and assisting a well-established Cyprus public listed construction company in relation to the design and development of a new leisure, golf and residential project that will be one of the largest on the island.
- Advising a consortium of international real estate investors on its first project in Cyprus, a residential luxury development in a landmark location.
- Advising on the construction of a project consisting of multiple high-rise towers in Limassol.
Head of department at Polycarpos Philippou & Associates LLC is Eleni Philippou , who is vastly experienced in all aspects of real estate matters including purchases and sales as well as blocked title applications. Other core focus areas include advising on citizenship and permanent residency applications related to property investments, commercial leases and construction agreements. Managing partner Gregoris Philippou and senior associate Solonas Antoniou are also key members of the ‘well-organised team’.
Other key lawyers:
Gregoris Philippou; Solonas Antoniou
‘This practice has a warm and friendly approach that absolutely puts you at ease as a client and at the same time delivers a first-class service. Other solicitors we have dealt with in the past are very corporate in their approach where you feel you should take a number and wait in line’.
‘Eleni Philippou, senior partner and Solonas Antonio are such lovely attentive people who have always gone out of their way to deal with our business to our complete satisfaction. You are always greeted as if you are one of the family, they listen and their work ethic obviously rubs off on all the staff as the team is always so pleasant and welcoming.’
‘As we are relatively new residents to Cyprus, we put a lot of faith in Polycarpos Philippou when we engaged its services. We were not disappointed. We were kept up to date and informed at every step and when we had a query or question, we had prompt, clear responses in excellent English, which was very much appreciated ’.
‘At the start of our conveyancing journey, we were dealing with Eleni Philippou who was very professional, polite, informative and efficient and were very happy with all aspects of her work. Later, we were allocated Solonas Antoniou, who we were unfamiliar with at the time, but proved to be an exceptional asset to the firm and was very friendly, helpful and efficient in his manner’.
‘I have known this practice for 15 years, it was very good then, even better now. I have watched it evolve into the excellent well-organised & superbly led firm that it has become today. Always quick to respond but never rushed, with well reasoned advice & explanations as required by foreign professionals & clients who are unfamiliar with Cyprus rules & regulations. The lawyers are able to advise on all aspects of commercial transactions especially complex matters involving an international dimension, often requiring an innovative solution’.
‘Gregoris Philippou, son of Polycarpos Philippou who founded the firm, is an outstanding managing partner who leads from the front. He is highly regarded to such an extent that he has advised the Cyprus Government on various law changes including the current proposed change to the estate agents’ law. He has also driven the firm’s strategy for accelerating various procedural changes including the much needed Cypriot conveyancing process’.
‘Everyone is so special at the firm. Everyone is professional, helpful, sublimely polite and respectful, but to us, Eleni Philippou stands out like a beacon. She is the epitome of the perfect team player, the natural leader, the navigator that steers the ship with care into the harbour. She is the northern star we all want to follow in the dead of night, the one who knows, who advises, who saves the day. Eleni works with her heart, devotedly‘.
‘Gregoris Philippou is the man who transformed the firm from a family law company to a firm that stands out as an international law firm today. Gregoris Philippou has charisma and finds simple solutions to complex problems’.
- Assisted a group of Israeli investors to acquire a hotel-owning company in Cyprus.
- Assisted a Maltese estate agent with an expansion into Cyprus.
- Assisted a Cypriot developer and two foreign investors in establishing a joint venture for the development and sale of a residential project valued at €11m.
Andreas Coucounis & Co LLC advises both public and private entities on a wide spectrum of real estate and construction matters. The group advises local and foreign clients on the sale and acquisition of residential and commercial properties. It also features considerable expertise in property litigation. Executive managing partner Tasos Coucounis heads the department.
‘The team has always been professional and respectful in the way it has managed our affairs for the last 14 years’.
Hellenic Technical Enterprises Limited
Hellenic Bank Public Company Limited
APS Debt Servicing Cyprus Limited
Bank of Cyprus Public Company Limited
Embassy of The State of Qatar
- Advised Hellenic Bank on the statutory tenancy issues relating to the acquisition of several commercial properties in Cyprus.
- Advised the Qatari embassy on its proposed acquisition of two plots of land adjacent to its new site in Nicosia.
Andreas Demetriades & Co LLC has a client roster featuring international investors, ultra-high-net-worth individuals and developers. The team has a depth of experience in advising on all manner of property transactions, under the leadership of Demetris Demetriades.
Other key lawyers:
‘A true family business that is truly coordinated to give the best possible service. The lawyers treat customers as if they are family and are so sensitive to the customers’ needs. They are also flexible with regard to payment. I felt safe in the hands of Demetris and trusted him completely‘.
‘The law firm has a great reputation that has been built up over decades and it’s still going strong. It’s a very customer centric legal team with excellent knowledge of the real estate market and has a solid network of contacts all over the world‘.
‘Despite the big team of competent lawyers, the personal attention and expertise of Mr. George Demetriades and his brother Demetris Demetriades set this company apart from other similar sized law firms in Cyprus. I have had the pleasure to cooperate numerous times with both Mr George Demetriades as well as Mr Demetris Demetriades and the rest of the legal team/partners. Their professionalism, attention to detail and work ethos are unparalleled‘.
‘The attention to detail from reception through to partners makes this law firm practice top-class, the friendly approach throughout relaxes clients and the prompt response to telephone calls and emails makes working with this company a pleasure. Its hands on approach and willingness to help in all situations makes it stand out from the other law firms. The professionalism and expertise of Demetris & George Demetriades are exceptional, calming, clear and precise. Clients leave their offices feeling relaxed and safe in the knowledge that they are being protected through the property purchase‘.
‘The lawyers work together seamlessly as a team. They have expertise in all key areas of law. They are pragmatic in their approach to problem solving‘.
‘This law firm aims to please its clients with friendly, knowledgeable and quick service to get the job done with integrity and care. Its efficiency is exemplary. The individuals are very well presented, knowledgeable, reliable, caring and quick to respond to questions‘.
‘The long time experience, prompt response and detailed pre-screening and handling of each case and reasonable billing of clients in association with the services offered. Dedication , efficiency in executing and delivering always within set timeframes‘.
‘The team has been in place for many years with low staff turnover. The lawyers are very knowledgeable, professional and courteous. They all know their job and work very well together as a team‘.
Medousa Constructions Ltd
Domenica Group Property Developers
- Advised Domenica Group Property Developers on a €6m deal involving the loan settlement and subsequent sale of fifteen villas being constructed on the plot of land that the firm secured on behalf of the client.
- Advised Medousa Constructions Limited on the €1.8m complex property transaction on behalf of property developer.
Christodoulos G. Vassiliades & Co. LLC fields an ‘experienced and knowledgeable team’ that is ‘committed to delivering the best service to its clients on time’. The department is regularly engaged by owners and private and international investors. It also works with some developers, corporates, lenders and underwriters on the full range of real estate matters. Marianna Pavlides, Savvas Georgiou and Evangelia Tiki head the ‘responsive and client-orientated’ group that also works with some major international law firms on various property matters.
Marianna Pavlides; Savvas Georgiou; Evangelia Tiki
‘The team is very professional, the lawyers pay attention to details and are very dedicated to the best interests of their clients and their collaborators, always promoting win-win situations’.
‘They care and they smile and are always professional. I recommend Marianna Pavlides, an excellent lawyer with knowledge and professionalism, as well as a smile.’
‘Extremely knowledgeable, discrete and responsive’.
‘Everyone is very reliable and always reasonably available, which makes a lot of difference on an island like Cyprus. The lawyers are perfectly placed in terms of dealing with a wide range of individuals (incl. high net worth), extremely pleasant to deal with, discreet and professional’.
‘Savvas Georgiou is a super star. He is always available to help even with very atypical and complex situations. Evangelia Tiki is a highly knowledgeable and competent attorney.’
‘This practice is unique because it has reached a very high level of tailor made service for its clients. Its clients are also treated like a member of its family which is clearly the big key differentiator with other firms. All people are clearly selected on their high potential and knowledge in their own area of expertise’.
‘I clearly appreciate the availability of everyone. All the people I work with are definitively very competent ’.
‘A very responsive team of experts’.
Baker & McKenzie
- Advised an individual on the acquisition of immovable property in Limassol worth €2m.
- Advising private individuals on the purchase of immovable property in Cyprus with the purpose of eligibility for Cyprus’s citizenship by investment programme.
Fofo Georgiades heads the department at Christos Georgiades & Associates LLC, which handles a broad range of real estate matters with a particular emphasis on drafting sales agreements and advising foreigners on acquiring property in Cyprus. Agis Georgiades is also well-regarded.
Other key lawyers:
‘The firm has an exceptional client services policy. The lawyers strive to always provide detailed feedback to all clients. They keep my clients in the loop at every stage of the matter, which instils confidence and keeps my clients happy’.
‘Having a hands-on and personal approach to each interaction with my clients makes this firm stand out. The lawyers value and respect delivering client service and give my clients confidence and comfort that they are in professional hands’.
‘The team is very professional. The lawyers are client oriented. The team knows what clients need and provides warm hearted support’.
E & G Economides LLC is well-placed to handle complex residential and commercial real estate acquisitions and disposals. Clients of the firm are well-known developers in Cyprus and abroad, as well as HNWIs wishing to purchase property for the purposes of residency or investment. George Economides heads the team.
‘An exceptional boutique law firm with experienced and highly skilled advocates’.
‘George Economides is a very reliable person with extensive knowledge in his field ’.
‘Efficient and friendly approach’.
‘One of the key strengths of the team is that it is very thorough and it provides pragmatic advice to its clients. It understands the commercial realities and it provides clear advice promptly’.
‘What makes the people I have worked with at E&G Economides stand out is their eagerness to understand each individual case in-depth and to provide advice which is tailored to the needs of each individual client. They take time and they go the extra mile. They are always available and on stand-by mode. George Economides is very good at understanding the commercial and business realities surrounding a case and he is exceptional at explaining complex issues to his clients. He creates long lasting relationships with clients’.
‘The personal touch and kindness in combination with the respect to the client make this company unique’.
‘George Economides is an outstanding gentleman and professional. He has the full package’.
D. Zavos Group
CloudLayer 8 (CL8)
Totalserve Management Ltd
Unity Line Limited
Falkona Holdings Ltd
Limassol Del Mar
- Assisted with all the legalities for the creation of a special purpose vehicle to provide €50m of finance to construct a commercial building and an adjacent residential property.
- Advised on the financing and purchase of a building complex consisting of eight apartments located in Cyprus.
Harris Kyriakides has a solid track record for its work in this area, with particular strength in development work. With Harris Kyriakides at the helm, the team has advised domestic and international financial institutions, credit acquiring companies and private equity funds on a broad array of issues. Other key clients include investors, developers and high-net-worth individuals. It has substantial experience in the retail, hospitality, healthcare, insurance and infrastructure sectors.
Quality Group of Companies
Petrolina (Holdings) Public Limited
Gordian Holdings Limited
Bank of Cyprus Public Co Ltd
Christou Bros Trading Ltd
Marcuard Heritage (Europe) Ltd
D.J. Karapatakis & Sons Entertainment Group of Companies
Housing Finance Corporation (Cyprus)
STELIOS AMERICANOS & CO LLC is skilled at handling cross-border transactions and has a multi-disciplinary focus on such deals. It frequently advises on property acquisitions, construction agreements and assists with all aspects of land registry procedures. Key members of the team are Stelios Americanos; Andreas Parpas and Thanos Fiakas. Michalis Zambyrinis is also recommended.
Stelios Americanos; Thanos Fiakas; Michalis Zambyrinis; Andreas Parpas
‘Availability and efforts made to keep in touch. Stelios Americanos – takes a keen interest in the engagement‘.
‘Mr. Americanos has a unique individual approach participating on behalf of the client in complicated deals and giving the best solutions for a successful completion. Andreas Parpas is a very effective and productive member of the Americanos’ office team‘.
‘The firm has a great knowledge of the real estate and construction industry in Cyprus and has the ability to offer expert legal advice on the matter. The team has the ability to consider all angles of any deal in the industry ensuring that contracts are drafted to cover all eventualities safeguarding the clients in a fair and well balanced manner. Integrity efficiency and ability to meet deadlines coupled with excellent knowledge of the industry‘.
‘The team makes everything necessary to provide assistance in a timely manner, especially in cases when the time is of the essence. The lawyers are professionals. The team seems to have great experience in the sphere, that makes all communications fast and efficient. Each of the team members engaged in the process was aware of the most important points requiring additional attention and rigorous review. It was a great pleasure to work with Mr. Stelios Americanos due to his attention to even minor details and deep involvement in the process‘.
Sharelink Financial Services (SFS Group)
Athienitis Contractors Developers Public Ltd
H&M Group (Cyprus)
- Advised a consortium of local investors in the acquisition by Bank of Cyprus of Nicosia Mall in a €100m transaction.
- Advised Ewave on various matters including the acquisition of a company that owns a building with twenty one-bedroom apartments and one commercial shop operated as tourist accommodation in Larnaca.
- Advised Alf Mizzi of Malta in its joint venture with Lanitis Group to develop Limassol Greens Golf Resort in a €90m transaction.
Stelios Stylianides & Co L.L.C. advises on construction-related disputes as well as a range of property transactions in Cyprus. The team, which is led by Christos Stylianides and Anastasia Schini, also frequently advises on other areas such as property registration and on compensation for compulsory acquisitions.
Christos Stylianides; Anastasia Schini
‘Exceptional service. Very prompt and personal service’.
Th. Schinis Enterprises Limited
George Roussos Group of Companies
National Bank of Greece (Cyprus) Limited
The Municipality of Limassol
S.A. Mesaritis Developers Limited
Kazamias Constructions Ltd
Costas Athanasiou Group of Companies
A.M. Schinis (Investments) Ltd
Richardcastle Co Limited
- Advised on the formation of a joint venture company, and its borrowing of €21m to be distributed to three entities for real estate development.
- Advised a client on a €950,000 acquisition of a hotel.
- Instructed to act as administrators of the estate of the deceased in relation to immovable property in Cyprus worth around €4m.