Leptos Estates

Leptos Estates
Industry Property development
Founded 1960
Headquarters Cyprus
Area served
 Cyprus, Greece, Middle East
Website http://www.leptosestates.com

Leptos Estates is a property development group in Cyprus.

History

In the early 1960s Michael Leptos, was starting the property development business in Kyrenia, Cyprus. Following the 1974 events in Cyprus, the Group’s activities were relocated to the Middle East and the Persian Gulf with an emphasis on constructing major residential developments. An example of these was the Saudia City project in Jeddah, comprising 4,000 homes.[1]

Leptos expanded in the 1980s by purchasing a large area of land from the Bishop of Paphos. Subsequent developments in the area included the Kamares Village and Olympus Village projects.[2] By 2005, Leptos had become the largest property developer on Cyprus.[3]

The group later continued its activities in the region of Paphos. The company opened hotels, developed houses and operated other businesses in the region. It later own continued its activities in Greece, specifically in the islands of Paros, Santorini and Crete.[4]

In 2009 Michael Leptos received an award by the President of Cyprus Dimitris Christofias at the Cyprus Chamber of Commerce for his contribution as a company to the progress of the Cyprus economy. [5]In 2010 Leptos Estates received the gold Homes Overseas Russian Award for best project in Greece, the Aphrodite.[6]

Developments

Michael Leptos, the founder of the company, opened the 5-star hotel of Coral Bay, situated in the Coral Bay, Cyprus. It then also opened one more hotel in the same area, the Thalassa Boutique Hotel & Spa. The group has now a number of hotels and resorts both in Cyprus and Greece which operate under the Leptos Calypso Hotels Public Ltd.[7]

References

  1. ↑ http://www.leptosestates.com/history-leptos.php
  2. ↑ Moye, Catherine (September 24, 2003). "A slice of Cyprus". The Daily Telegraph.
  3. ↑ Keay, Justin (February 4, 2005). "Cyprus gets a face-lift". The New York Times.
  4. ↑ http://www.leptosestates.com/history-leptos.php
  5. ↑ http://www.financialmirror.com/News/Cyprus_and_World_News/14024%5Bpermanent+dead+link%5D
  6. ↑ "Archived copy". Archived from the original on 2012-08-02. Retrieved 2011-03-06.
  7. ↑ http://www.leptosestates.com/history-leptos.php
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