Leptos Estates

Leptos Estates is a property development group in Cyprus. Its operations began in 1960 and over the years it expanded its reach in 75 countries by successfully completing over 325 different home developments and 25,000 home owners.[1] Its latest developments include Limassol Del Mar, Adonis beach villas and Coral seas villas.

Leptos Estates
IndustryProperty development
Founded1960
FounderMichael Leptos
HeadquartersCyprus
Area served
Cyprus, Greece, Middle East
Key people
Pantelis Leptos, George Leptos
Websitewww.leptosestates.com

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.[2]

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.[3] By 2005, Leptos had become the largest property developer on Cyprus.[4]

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 on continued its activities in Greece, specifically in the islands of Paros, Santorini and Crete.[2]

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]

Michael Leptos dies in 2021 at the age of 83.[7]

Developments

Michael Leptos, the founder of the company, opened the five-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.[2]

Among the latest developments are the seafront residences at Limassol Del Mar & Limassol Blu Marine. The architecture of the project was provided by Benoy.[1]

Another notable project developed and owned by Leptos Estates is the Neapolis University of Paphos (NUP). Neapolis became the first recognized university in the broader area of Paphos, and its contribution to the local educational system had been significant. The Neapolis project was one of the main factors that resulted in the awarding the CEO & Chairman, Michalakis Leptos for his "Overall Contribution to Entrepreneurship" in 2017, an annual award given by Cyprus Chamber Of Commerce and Industry.[8]

Awards

This is a list of some of the Awards of Leptos Estates:

Year Award Description
2019 Best Developer Website Cyprus European Property Awards Leptos Estates for the Best Developer Website Cyprus, as it has a state of the Art website which lists projects and properties developed by Leptos Estates [9]
2019 Best Interior Design Show Home Cyprus European Property Awards Leptos Estates for the Best Interior Design Show Home Cyprus, specifically for Leptos Coral Seas Villas, one of the top-selling seafront developments in Cyprus in 2019 [10]
2017 Overall Contribution to Entrepreneurship Business leader of Leptos Estates, Michalakis G. Leptos. The purpose of the award is to reward Cypriot business excellence by recognising the achievements of Cypriot entrepreneurs.[11]
2016 Cyprus Export Award Cyprus Export Award is for exceptional effort for the growth of exports of Cyprus industrial, agricultural products and services. The award was presented by Mr. Nikos Anastasiades for the Armonia Estates LTD, a member of the Leptos Group.[12]
2012 Cyprus Export Award Cyprus Export Award is to recognize and reward exceptional effort to increase exports, industrial and agricultural products and services.[13]
2011 First winner in Cyprus in the residential category (low-rise) at the Global FIABCI Prix d' Excellence Awards FIABCI is the French acronym for the International Real Estates Federation which represents the world's real estate professions. This unique award is given to the real estate projects that embody excellence in all disciplines involved in their creation.[2]
2010 Best Property Agents The award was given by Bellevue Magazine in Germany. The company was chosen having achieved recognition in the following criteria, professionalism, market knowledge, experience, choice of property and quality of service.
2008 International Homes Awards Nomination Best Development in Cyprus for 'Leptos Limnaria Gardens' and for 'Leptos Aphrodite' in Greece.
2008 Leading Cyprus Developer In 2008 Leptos Estates again took the Leading Cyprus Developer award by International Homes Magazine.
2007 Best Cypriot Development Paradise Gardens IV received a 4* award from International Homes CNBC.[14]
2007 Best Property Agent Leptos Estates won the top award from Bellevue for Best Property Agent.
2006 The Best Cypriot House/Villa award Kamares Village received recognition by Homes Overseas Awards with The Best Cypriot House/Villa award.
2003/2004 The Leading Cypriot Developer For two consecutive years, Leptos Estates was voted The Leading Cypriot Developer at the esteemed Homes International Magazine 2003/2004.
2003 Best Cypriot Development Olympus Village took the Five Star Award winning the top prize of Best Cypriot Development in the prestigious Bentley International Property Awards.
1994 Prix d'Excellence by the International Real Estate Federation (FIABCI) Kamares Village, achieved international recognition when it was awarded as one of the top five residential projects in the world.

References
  1. "Leading Property Developer in Cyprus - Leptos Estates". realestatestructured.com. 27 February 2019. Retrieved 28 February 2019.
  2. "Leptos Group History - Leptos Estates". www.leptosestates.com. Retrieved 28 February 2019.
  3. Moye, Catherine (September 24, 2003). "A slice of Cyprus". The Daily Telegraph.
  4. Keay, Justin (February 4, 2005). "Cyprus gets a face-lift". The New York Times.
  5. http://www.financialmirror.com/News/Cyprus_and_World_News/14024%5B%5D
  6. "Archived copy". Archived from the original on 2012-08-02. Retrieved 2011-03-06.CS1 maint: archived copy as title (link)
  7. Turner, Katy. "Paphos-based businessman Leptos dies aged 84 | Cyprus Mail". https://cyprus-mail.com/. Retrieved 2021-01-08. External link in |website= (help)
  8. "KEBE awarded Michael Leptos as Entrepreneur of the year « Neapolis University in Cyprus". Retrieved 2019-05-28.
  9. "Best Developer Website Cyprus by European Property Awards".
  10. "Best Interior Design Show Home Cyprus by European Property Awards".
  11. "Overall Contribution to Entrepreneurship at the Business Leader Awards".
  12. "Leptos awarded Cyprus Exports Award".
  13. "Cyprus Export Award".
  14. "Best Cypriot Development".
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