Leptos Group: We believed in the potential and invested in our homeland, its prospects, an
Source: in-cyprus.com
Pantelis and George Leptos never get tired of repeating it: they continue to create in the fields of land development, tourism, education, and healthcare, guided by the founding vision of their father, Michalakis G. Leptos.
In their interview with Forbes, they say that the activities of the Leptos Group have always been rooted in Cyprus and Greece—and that is how they intend to move forward. They affirm that, with optimism and hard work, they will continue their successful journey, aiming for sustainable growth and progress in our region.
They also expect the state to introduce further measures to reduce bureaucracy and express their pride that the Leptos Group has received significant recognition for the second consecutive year for its efforts in promoting sustainability, as demonstrated by being awarded the Gold Certification of Excellence at the Environmental Awards Ceremony organised by the Cyprus Recycling Organisation.
What is the Group’s investment footprint in Cyprus today?
Our Group has a significant investment footprint both in Cyprus and in Greece. Primarily in the Real Estate sector, with more than 350 completed projects in residential, commercial, and tourist developments; in the Tourism/Hospitality sector with five hotels, including the iconic Coral Beach Hotel & Resort on Coral Bay in Paphos. In addition, our activities extend to Education with the founding and operation of the Neapolis University Pafos, to Healthcare with the Iasis Private Hospital, and to Property Management through Vesta Holidays.
Are there new markets or regions where you plan to operate in the future?
The Group’s activities have always taken place in Cyprus and Greece. Since our founding, we have believed in the potential and invested in our homeland, its prospects, and its people. Guided by the founding vision of late Michalakis G. Leptos, the founder of our Group, extroversion, and our accumulated experience, we continue our successful journey with optimism and hard work, aiming for sustainable development and progress for our country. This philosophy applies to all sectors in which we operate.

Limassol Blu Marine
Tell us a few words about your Limassol Blu Marine project.
Limassol Blu Marine is a seafront mixed-use development comprising four buildings: two residential towers (Poseidon Tower and Cavalli Tower at Limassol Blu Marine) and two office towers (Status and Oceanus Tower). It offers high-level five-star services and amenities such as a 50-meter outdoor pool overlooking the sea, a 25-meter indoor pool with a large spa, a spacious double-height gym with sea views, and much more.
The two office towers have been sold, while sales in the first residential tower, Poseidon, have reached an impressive 90%, with the tower now in its final stages of construction. The second residential tower, Cavalli Tower at Limassol Blu Marine, will feature Roberto Cavalli-designed and furnished common areas and offers 1 to 6-bedroom apartments for sale, with the option of furnishing packages from the renowned fashion brand.
What makes Limassol Blu Marine stand out compared to other developments in Cyprus?
Limassol Blu Marine stands out as a unique project thanks to its strategic location on the extension of Aktaia Road, in a privileged seafront position with direct access to a public beach. At the same time, it is located in the city centre, in an area of immense potential that is attracting major investments. This dynamic is further enhanced by TechIsland’s investments, which are upgrading the wider area and elevating the project as a true landmark for Limassol.
The project is distinguished not only by its location but also by its uniqueness. It is the first seafront mixed-use development of this scale in Western Limassol, combining high-spec residential and office uses to create an ecosystem of activities in the heart of the city, right on the beach and next to the marina—in an area now commonly referred to as the “New Riviera of the Mediterranean.”
Furthermore, the collaboration with the internationally renowned fashion house Roberto Cavalli for the second tower, “Cavalli Tower at Limassol Blu Marine,” is another factor that sets the project apart. It is the first Cavalli-branded tower in Europe and the first collaboration between a Cypriot Real Estate Development organisation and an international fashion house.

Industry challenges
What are the biggest challenges facing the land development and real estate sector today?
In addition to the actions already taken by the Government, we must find a way to reduce bureaucracy and make the entire system (permit, licensing, and title issuance) faster. Let’s not forget that faster permits will increase supply, which in turn will help contain sales prices.
How have economic and geopolitical developments affected your strategy?
The Cypriot real estate market has faced many challenges, such as rising construction material costs, high interest rates, and geopolitical instability. Our Group, with more than 65 years of experience, strong foundations, a global sales network, overseas offices, and a dedicated, skilled team, continues along a path of steady growth. Our track record shows that we remain resilient despite these developments, with the right product, a well-trained and well-staffed team, and positive results.
Is there a sufficient workforce and technical labour to meet project needs?
Unfortunately, Cyprus faces significant shortages in the workforce and technical trades to meet project demands. This is a serious issue with chain effects. Without the necessary personnel (and timely issuance of building permits), the industry will not be able to catch up with the gap created by the reduced construction of residential units during the crisis years. The imbalance between strong demand and limited supply drives prices upward.

A new era
How important are sustainability and “green development” factors in your projects?
The Leptos Group has received significant recognition for the second consecutive year for its efforts in promoting sustainability, as demonstrated by the awarding of the “Gold Certification Award” at the Environmental Awards Ceremony organised by the Cyprus Recycling Organisation.
Moreover, with the pioneering Neapolis Eco City project, our Group is setting the bar high for a future where sustainable and green development takes centre stage. Neapolis Eco City is one of Leptos Group’s most ambitious and innovative projects, combining innovation with sustainability and quality of life. It is a large-scale, fully integrated development that aspires to create a “green” city with smart infrastructure, offering residents and visitors a unique living experience.
Prospects and future
How do you see the future of the real estate sector in Cyprus over the next decade?
The future of the real estate sector in Cyprus looks particularly positive, as the country continues to attract investors and buyers from around the world thanks to its strategic location, favourable tax framework, and high quality of life. Increasing demand for modern residences, luxury seafront projects, and green developments, combined with the expansion of university, medical, and commercial infrastructure, creates strong growth prospects. At the same time, the emphasis on sustainability and innovation further strengthens the competitiveness of the Cypriot real estate market, making it one of the most attractive investment destinations in the Mediterranean.
As a Group, we are strategically prepared to capitalise on these positive prospects for the Cypriot real estate market, with a strong project portfolio, deep know-how, and long-term experience. With a clear vision, dynamic planning, and continuous investment in innovation and sustainability, the Leptos Group is ideally positioned to lead the new era of development and further enhance its leading role in the sector.
Do you believe Cyprus can emerge as a regional hub for real estate investment?
This is already happening.
Cyprus stands out for its safety, democracy, EU and Eurozone membership, and high quality of life—all key factors that attract international investors. For decades, the Leptos Group has been attracting buyers from all over the world through specialised campaigns, many of whom choose Cyprus for its lifestyle, climate, and stable business environment. Our projects are designed to meet these global expectations. Although bureaucracy remains an area that requires improvement, the island’s value proposition is extremely strong and continues to attract high-level interest from individuals, investors, and international organisations.
What role do you think new technologies will play in the sector’s development?
The advancement of technology and Artificial Intelligence is transforming the real estate sector, improving efficiency and effectiveness. Our Group uses advanced software for architectural design and construction, while integrating technology into internal processes for optimal project management. Our digital presentations showcase projects with high quality and innovation. Our initiatives focus on leveraging technology to provide top-tier solutions to clients and enhance the sustainability of our developments.
If you could give one piece of advice to the government to support your sector, what would it be?
Less bureaucracy in various areas.
What is your vision for Leptos Group in the coming years?
The vision of Leptos Group for the future focuses on maintaining its leading market position and completing its flagship projects currently underway, such as Limassol Blu Marine, Armonia Beach Villas, Limassol Park, and Venus Gardens. At the same time, new developments are planned, such as BelAir Gardens and Apollo Hylates in Paphos, while a key milestone will be the creation of the landmark Neapolis Eco City, starting with the Medical School of Neapolis University Pafos. Of strategic importance is also the development of the grand project in Crete, Costa Nopia, which will further strengthen the Group’s international presence. Through all these projects, the vision of our founder, Michalakis G. Leptos becomes reality, based on the fundamental principles and values that have consistently characterised the Group.
What are the core values you wish to preserve unchanged in the Group’s growth journey?
A timeless principle of the Group is that business creation is closely linked to social contribution. Thus, Leptos Group, within the framework of its corporate social responsibility, actively and multifacetedly supports sports, culture, and areas of society in need.
The Group’s leading position is based on strong foundations: the founder’s vision, the passion and professionalism of its people, its international sales network, its large land reserves within development zones, its extensive and long experience across multiple sectors, and the comprehensive provision of support services.
Above all, the greatest strength of Leptos Group lies in its holistic understanding of the broader business environment in which it operates—the constant search for new opportunities and the continuous redefinition of “land development,” always with respect for the environment.
How does your strategy differ from other major land development companies in Cyprus?
Our strategy is based on our experience, which now exceeds 65 years, as well as our know-how. In addition, the professionalism and teamwork of our employees, our international sales support network, our strategic land investments, the quality of our product, and our effective customer service—both before and after the sale—are all key factors supporting our efforts to further expand our operations and achieve our goals.
The original article: in-cyprus.com .
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