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Real Estate

General Information

The Photos Photiades Group is a major land owner in Cyprus and Greece, investing in real estate since the 1950s. Currently it owns over 2400 hectares of land ripe for development in Cyprus and Greece, having a remarkable portfolio of completed projects and projects in the pipeline.

Photos Photiades Developments is a member of the Photos Photiades Group, which was established in 1942. The company holds significant property investments and has developed real estate projects in Cyprus and abroad for a number of years.

The most notable development of the company has been the Carolina Park project, a unique housing development at the outskirts of Nicosia, focusing on maintaining a quality rural way of life amidst proximity to the city. The development consists of custom made bespoke villas in large plots centered around a manicured green park.

The Photos Photiades Group is synonymous with trust and consistency as it holds ownership of household products such as Carlsberg beer and Agros mineral water. The Group is also the major shareholder of Universal Life Insurance Company.

Photos Photiades Developments develops residential and commercial units with the same dedication to quality and excellence that characterizes the Photos Photiades Group in all its endeavours.

Carolina Park

estate_pictures_carolinaCarolina Park is an oasis of serenity and greenery situated just 5km from the centre of Nicosia. Built on a purely residential area with specifications of the highest quality, it offers luxury housing in a beautiful, safe and family oriented environment.


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Photos Photiades Business Center

estate_pictures_businessIn 2003, Ilona Estates developed a high quality building comprised of 2500m2 of office space on Stasinou Avenue in the centre of Nicosia. The building currently houses a variety of international businesses including the Central Offices of the Photos Photiades Group.

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Nicosia City Mansions project

estate_pictures_cityLocated in the heart of Nicosia, behind Hilton Hotel Cyprus, City Mansions comprises of ultra luxury 3-bedroom apartments in a quiet and accessible neighbourhood.


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Emerald Terraces

estate_pictures_emeraldThe Emerald Terraces is a unique residential development located in the Golf Course area of Glyfada, opposite the future National Park of Athens & near the sea. It comprises of 16 individually designed residences ranging from apartments to penthouses and town houses.
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Athens Elliniko

estate_pictures_ellinikoThe Athens Elliniko Project is a residential housing project in Glyfada, Southern Athens situated in a prime location near the sea.
It comprises of a luxury villa of 250m2 and a residential building made up of 7 luxury apartments of total 1350m2.


Ayios Nicolaos Plot

estate_pictures_fontanaAyios Nicolaos plot in the Akamas peninsula in the North West cape of Cyprus, covering 1.3 million m2, with 3km long beautiful sea coast. It is the only private property in the whole area. Masterplan to create a unique eco-friendly luxury resort.


Triopetra Bay Resort

estate_pictures_triopetraThe Triopetra Bay Resort is situated in a unique amphitheatrical site with stunning panoramic views of the 1km long sandy beach. Masterplan to create a resort of hotels and private villas at Triopetra Bay, Crete.



The Group is the owner of an exceptionally beautiful piece of land that covers 12.000.000 m2, with 4.000m long sea coast in the Cephalonia island.



The Group owns also a 75.000 m2 unique site located just outside of Loutraki, The famous Spa Town. It is situated between the sea and the main road.



A seaside site of 265.000 square meters in Toxeftra, Cyprus. Earmarked for future masterplanning and development.


Contact Us

photiades_business_centerPhotos Photiades Developments 
Photos Photiades Business Centre,
8 Stassinos Avenue,
6th Floor, 1060 Nicosia, Cyprus
Postal Address
P.O. BOX 22391
1521 Nicosia, Cyprus
Tel: +357 22 452000
Fax: +357 22 452001