Artificial Intelligence
Builders Company
Developers/D. Zavos Group
DZ
D. Zavos GroupLimassol, Cyprus · founded 1980 · 2 active markets
PRIVATE

D. Zavos Group develops residential villas, apartments and gated communities, alongside offices and commercial properties, primarily in Cyprus and increasingly Greece. Its model serves homebuyers, investors, renters and businesses through off-plan sales, quality homes, rentals, property services and investment-oriented developments.

Years in business
46
founded 1980
LinkedIn headcount
41 people
employees, as shown on LinkedIn · size band 51–200
Total projects
more than 170 Commercial and Residential projects
across the company’s whole history
Units delivered
Over 8,500 completed units
as the company states it
Projects last researched October 10, 2026
Every figure on this card was read out of a document.

Overview

Investor tear sheet

a summary of the tabs that follow · no rating of our own

Company dossier

Legal name
D. ZAVOS GROUP PROPERTIES DEVELOPMENTS LTD1
Headquarters
1 Grivas Dighenis Avenue1, Limassol1, Cyprus
Founded
19801
Entity type
PRIVATE1
Business model
offplan for sale1, commercial1
Markets
2 markets listed
What they build
Residential, for sale (8 of 8) · Mixed use (1 of 8) · Retail (1 of 8)
Full dossier in About →

Delivery record

0 date-assessed of 8 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 0 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
8
within the rolling ten-year window
Median delay
—
the middle of no scored projects
Average delay
—
the same projects, pulled by the worst
Average time to deliver
—
no delivered projects with a dated start — needs 3
Worst slip
—
0
early or less than 6 months late
6 to 12 months late
0
yellow rows below
Over 12 months late
0
red rows below

Against other developers

Not enough info yet.
Projects and timelines in Track Record →

Resident experience

2 of 8 buildings rated · scale 1–10

AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.

Overall verdict
7.8/ 10
Weighted judgment across build and operations · from 2 of 2 rated buildings
Little structure evidence (0 of 2 buildings) — this rests mainly on whole-building and living reviews.
Structure & systems
—/ 10
Fabric, services, waterproofing, envelope · from 0 of 2 rated buildings
Management & living
7.4/ 10
Upkeep, response times, amenities, community · from 1 of 2 rated buildings

Against other developers

not enough rated buildings yet
Not enough rated buildings in Cyprus yet to compare against.
Ratings by building →

Awards & recognition

  • PROJECT AWARD Winner 2023–2024
    European Property Awards — Architecture Multiple Residence · Bel Air Mansions
    The developer reports that Bel Air Mansions was awarded the European Property Award in the Architecture Multiple Residence category.
    European Property Awards · https://zavos.com/awards
  • COMPANY AWARD Winner 11 October 2019
    KEBE Business Leader Award — Construction, Property and Real Estate Sector
    The award was presented to Michalis Zavos, CEO of D. Zavos Group, for the Construction, Property and Real Estate Sector.
    Cyprus Chamber of Commerce and Industry (KEBE), in collaboration with IMH · https://www.cyprusprofile.com/articles/presented-the-6th-business-leader-awards-2019
  • SAFETY / QUALITY Certified
    ISO 9001:2015 System Certification
    The developer's awards and certifications page lists D. Zavos Group as holding ISO 9001 system certification from TÜV NORD/TÜV Cyprus; the page does not state the certification date or current validity period.
    TÜV NORD / TÜV Cyprus · https://zavos.com/awards
  • 1 more in Awards
All awards →

Risks & source coverage

  • FINANCIAL DISTRESS Status reported as of 26 September 2026; company registered 24 November 1993 A Cyprus company named G.M. Zavos and Sons Developers Limited (HE 58551), which lists G. M. Zavos as director and G. Zavos as secretary, is reported as currently “Under Receivership”; the registry page cautions that some information may be outdated, so this is an entity-level finding and is not asserted as a receivership of D. Zavos Group itself.
  • FINANCIAL DISTRESS 20 December 2015 (publication); June 2013 (loan-exposure snapshot) Cyprus Mail reported that D. Zavos Group had €134 million in unserviced Bank of Cyprus exposures based on a June 2013 snapshot, and that the obligations were restructured in December 2015; the report described the restructuring as a remedial agreement rather than a foreclosure or insolvency, and the evidence is now historical.
  • RISK Alleged events: 24 November 2017–13 November 2018; report published 10 October 2022; court judgment reported 23 January 2025; position researched as of 10 October 2026 Corniche building / apartment 203 matter — prosecutors alleged that Larina Estates Ltd, whose CEO was Michalis Zavos, sold three Limassol apartments tied to the Salem citizenship applications, refunded part of the €6 million investment and left the residences unbuilt; the 2025 court outcome acquitted the defendants of conspiracy-to-defraud charges but convicted Michalis Zavos and Larina Estates of fraudulent VAT evasion, so the construction allegation should not be treated as a proven fraud or current project status.
Record status
active
Company sources
129 source entries across 115 fields
Projects tracked
8 · 8 completed in assessment
All flags and sources →

Track Record

Delivery record

0 date-assessed of 8 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 0 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
8
within the rolling ten-year window
Median delay
—
the middle of no scored projects
Average delay
—
the same projects, pulled by the worst
Average time to deliver
—
no delivered projects with a dated start — needs 3
Worst slip
—
0
early or less than 6 months late
6 to 12 months late
0
yellow rows below
Over 12 months late
0
red rows below

Against other developers

Not enough info yet.

Construction start to handover

8 of 8 projects dated · 1 place
Based on covered projects with documented construction or launch dates and available handover dates. Timelines vary by project and may not represent the developer’s full portfolio.
Construction start, or the launchTarget completion (window)Completion or handover, as reportedCurrently statedLaunch year only, no date publishedEarly or ≤6 mo lateOver 6–12 mo lateOver 12 mo lateStalled
Limassol, Cyprus
20172018201920202021202220232024202520262027todayLIMASSOL, CYPRUS+9 moestimated+17.5 moestimated+6.5 moestimatedcompleted, no target publishedcompleted, no target publishedcompleted, no target publishedcompleted, no target publishedcompleted, no target published
Click a row in the chart to open a project, or a table row below to see its sources. The chart runs wider than the page where the record spans many years — scroll it sideways to follow a project to its handover. Every date we have is drawn. A hollow marker is only a launch year, not a date anyone published. No dates published means we looked and found none; dates not yet checked means we have not looked yet. Handing over is not finished — rows say which. A delay is shown when one source gives the promised date and another gives the real one, however rough: "2019" still counts, and the row shows how wide that is. Projects missing one of the two dates, or with sources that disagree, are left out of the figures. 3 turned out to be about something else — a phase, a neighbour, the wider masterplan — and are marked off-subject.

Building & Livability Ratings

Resident experience

2 of 8 buildings rated · scale 1–10

AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.

Overall verdict
7.8/ 10
Weighted judgment across build and operations · from 2 of 2 rated buildings
Little structure evidence (0 of 2 buildings) — this rests mainly on whole-building and living reviews.
Structure & systems
—/ 10
Fabric, services, waterproofing, envelope · from 0 of 2 rated buildings
Management & living
7.4/ 10
Upkeep, response times, amenities, community · from 1 of 2 rated buildings

Against other developers

not enough rated buildings yet
Not enough rated buildings in Cyprus yet to compare against.

By building

2 rated · 6 not rated · scale 1–10
ProjectOverallStructure & systemsManagement & living
Royal CourtLimassol District, Limassol9 units
7.9/ 10
—/ 10
—/ 10

The largest published review base found is the building-level 5/5 aggregate from 3 reviews, which converts to 10/10 under the stated curve. Because it is based on fewer than ten reviews, the score is constrained near 6.5; the limited positive commentary moves it slightly upward, but the evidence is too thin to support a stronger resident-experience conclusion.

+ Modern geometric façade+ Landscaped gardens+ Well-lit exterior+ Fenced entrance areas+ Elevator-served floors
Not found in sources: No published structural complaints · No published plumbing evidence · No published HVAC evidence · No published electrical evidence · No published leak or waterproofing evidence
+ Luxury impression+ Landscaped gardens+ Privacy-oriented fencing+ Well-lit exterior+ Small resident community
− Very limited resident-review evidence
Not found in sources: No management reviews · No staff reviews · No security reviews · No amenity ratings

No reviewed source published a structural, plumbing, HVAC, electrical, leak, waterproofing, maintenance, or lift-failure complaint or sub-score for Royal Court. The building description says it has a “modern, geometric façade,” landscaped gardens, a well-lit exterior, fenced areas and elevators, but these are project-description claims rather than resident engineering reviews.

The only published building-level aggregate located is 5.0/5 from 3 reviews, and the displayed comments include “Luxury Residence!” and “I don't know, i never been there.” The developer describes a small nine-apartment community with landscaped gardens, a well-lit exterior and fenced areas for privacy and safety, but those are promotional statements, not operational feedback; current day-to-day management quality therefore remains uncertain.

Limassol Del MarLimassol District, Limassol
7.8/ 10
—/ 10
7.4/ 10
Booking.com 9.3/10, 8.8/10, 9.1/10, 9.3/10, 8.5/10, 9.1/10, 8.3/10 · 655 reviews · booking.com
Booking.com 9.2/10, 8.6/10, 8.9/10, 9/10, 8.2/10, 8.9/10 · 691 reviews · zh-tw.annu-hotel.com
Combined from 13 published figures on 1 platform, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 7.4.

The largest clearly identified current aggregate is Booking.com’s 8.8/10 from 655 guest reviews, converted to 7.6 under the specified guest-rating curve. Google’s smaller 82-review 4.6/5 aggregate is higher, but the evidence base is much smaller; recurring operational criticisms slightly outweigh the recurring lifestyle praise, producing 7.5 overall.

+ Sea views+ Modern rooms+ Friendly staff+ Pool and spa facilities+ Quiet seafront setting
− Limited breakfast− Cleaning lapses− Minor bathroom repairs− Unheated spa pool− Distance from city centre

no notes returned

no links returned

Published guest feedback describes a strong day-to-day stay: “Lovely team - super efficient,” “Very modern - amazing views,” and “The fitness area and sauna are a great bonus.” The recurring reservations are operational rather than catastrophic: guests mention “Not the cleanest room,” a broken sink, limited breakfast, an unheated spa pool and a location “quite far from old town and marina.”

Only buildings that have reached handover are rated. 6 of 8 projects carry no rating: a building still under construction is never asked about, one that has just been handed over may not have been reached yet, and the rest were asked about and no published resident commentary was found. Structure is fixed at handover and stays the developer's; management and living belongs to whoever runs the building now. The overall verdict weights both rather than averaging them. None of this is checked: a rating is what people published about a building, aggregated — it is not evidence, it cannot move a delay figure, and it is not part of the delivery record above.

About

Company dossier

Legal name
D. ZAVOS GROUP PROPERTIES DEVELOPMENTS LTD
Headquarters
1 Grivas Dighenis Avenue, Limassol, Cyprus
3035
Founded
1980
Limassol, Cyprus
Entity type
PRIVATE
Revenue
not published
Business model
offplan for sale, commercial

Offices

head office and 7 others
LarnacaMoscowLondonSt. PetersburgPermKievAthens

Sources: office cities

SOCIALdate not shown in source

D. Zavos Group

LinkedIn
Today D. Zavos Group operates offices in Limassol, Larnaca, Moscow and London and has representative offices in St. Petersburg, Perm, Kiev and Athens with affiliations throughout the world
value seen: Larnaca
https://linkedin.com/company/d.zavos-group
SOCIALdate not shown in source

D. Zavos Group

LinkedIn
Today D. Zavos Group operates offices in Limassol, Larnaca, Moscow and London and has representative offices in St. Petersburg, Perm, Kiev and Athens with affiliations throughout the world
value seen: Moscow
https://linkedin.com/company/d.zavos-group
SOCIALdate not shown in source

D. Zavos Group

LinkedIn
Today D. Zavos Group operates offices in Limassol, Larnaca, Moscow and London and has representative offices in St. Petersburg, Perm, Kiev and Athens with affiliations throughout the world
value seen: London
https://linkedin.com/company/d.zavos-group
SOCIALdate not shown in source

D. Zavos Group

LinkedIn
Today D. Zavos Group operates offices in Limassol, Larnaca, Moscow and London and has representative offices in St. Petersburg, Perm, Kiev and Athens with affiliations throughout the world
value seen: St. Petersburg
https://linkedin.com/company/d.zavos-group
SOCIALdate not shown in source

D. Zavos Group

LinkedIn
Today D. Zavos Group operates offices in Limassol, Larnaca, Moscow and London and has representative offices in St. Petersburg, Perm, Kiev and Athens with affiliations throughout the world
value seen: Perm
https://linkedin.com/company/d.zavos-group
SOCIALdate not shown in source

D. Zavos Group

LinkedIn
Today D. Zavos Group operates offices in Limassol, Larnaca, Moscow and London and has representative offices in St. Petersburg, Perm, Kiev and Athens with affiliations throughout the world
value seen: Kiev
https://linkedin.com/company/d.zavos-group
SOCIALdate not shown in source

D. Zavos Group

LinkedIn
Today D. Zavos Group operates offices in Limassol, Larnaca, Moscow and London and has representative offices in St. Petersburg, Perm, Kiev and Athens with affiliations throughout the world
value seen: Athens
https://linkedin.com/company/d.zavos-group

Partners

4 partners
Atlaspantou Co Ltd
contractor

The company was included in the consortium assigned the construction works of Limassol Del Mar.

MAN Enterprise
contractor

The company was included in the consortium assigned the construction works of Limassol Del Mar.

ICM Group
contractor

The company was included in the consortium assigned the construction works of Limassol Del Mar.

CMB Società Cooperativa
contractor

The company was included in the consortium assigned the construction works of Limassol Del Mar.

Sources: name

SOCIAL2018-03-05

Limassol Del Mar Construction Assigned to a Consortium of Four Companies. | D. ZAVOS GROUP Land and Building Developers

D. ZAVOS GROUP Land and Building Developers · carried by linkedin.com
Cypeir Properties Ltd announces the assignment of the construction works of the prestigious Limassol Del Mar, to the consortium of companies, which includes Atlaspantou Co Ltd.
value seen: Atlaspantou Co Ltd
https://www.linkedin.com/posts/zavos_limassol-del-mar-construction-assigned-to-activity-6376457029027921920-vYjd

Sources: partner type

SOCIAL2018-03-05

Limassol Del Mar Construction Assigned to a Consortium of Four Companies. | D. ZAVOS GROUP Land and Building Developers

D. ZAVOS GROUP Land and Building Developers · carried by linkedin.com
Cypeir Properties Ltd announces the assignment of the construction works of the prestigious Limassol Del Mar, to the consortium of companies, which includes Atlaspantou Co Ltd.
value seen: CONTRACTOR
value paraphrased from this source
https://www.linkedin.com/posts/zavos_limassol-del-mar-construction-assigned-to-activity-6376457029027921920-vYjd

Sources: summary

SOCIAL2018-03-05

Limassol Del Mar Construction Assigned to a Consortium of Four Companies. | D. ZAVOS GROUP Land and Building Developers

D. ZAVOS GROUP Land and Building Developers · carried by linkedin.com
Cypeir Properties Ltd announces the assignment of the construction works of the prestigious Limassol Del Mar, to the consortium of companies, which includes Atlaspantou Co Ltd.
value seen: The company was included in the consortium assigned the construction works of Limassol Del Mar.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.linkedin.com/posts/zavos_limassol-del-mar-construction-assigned-to-activity-6376457029027921920-vYjd

Sources: name

SOCIAL2018-03-05

Limassol Del Mar Construction Assigned to a Consortium of Four Companies. | D. ZAVOS GROUP Land and Building Developers

D. ZAVOS GROUP Land and Building Developers · carried by linkedin.com
Cypeir Properties Ltd announces the assignment of the construction works of the prestigious Limassol Del Mar, to the consortium of companies, which includes MAN Enterprise.
value seen: MAN Enterprise
https://www.linkedin.com/posts/zavos_limassol-del-mar-construction-assigned-to-activity-6376457029027921920-vYjd

Sources: partner type

SOCIAL2018-03-05

Limassol Del Mar Construction Assigned to a Consortium of Four Companies. | D. ZAVOS GROUP Land and Building Developers

D. ZAVOS GROUP Land and Building Developers · carried by linkedin.com
Cypeir Properties Ltd announces the assignment of the construction works of the prestigious Limassol Del Mar, to the consortium of companies, which includes MAN Enterprise.
value seen: CONTRACTOR
value paraphrased from this source
https://www.linkedin.com/posts/zavos_limassol-del-mar-construction-assigned-to-activity-6376457029027921920-vYjd

Sources: summary

SOCIAL2018-03-05

Limassol Del Mar Construction Assigned to a Consortium of Four Companies. | D. ZAVOS GROUP Land and Building Developers

D. ZAVOS GROUP Land and Building Developers · carried by linkedin.com
Cypeir Properties Ltd announces the assignment of the construction works of the prestigious Limassol Del Mar, to the consortium of companies, which includes MAN Enterprise.
value seen: The company was included in the consortium assigned the construction works of Limassol Del Mar.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.linkedin.com/posts/zavos_limassol-del-mar-construction-assigned-to-activity-6376457029027921920-vYjd

Sources: name

SOCIAL2018-03-05

Limassol Del Mar Construction Assigned to a Consortium of Four Companies. | D. ZAVOS GROUP Land and Building Developers

D. ZAVOS GROUP Land and Building Developers · carried by linkedin.com
Cypeir Properties Ltd announces the assignment of the construction works of the prestigious Limassol Del Mar, to the consortium of companies, which includes ICM Group.
value seen: ICM Group
https://www.linkedin.com/posts/zavos_limassol-del-mar-construction-assigned-to-activity-6376457029027921920-vYjd

Sources: partner type

SOCIAL2018-03-05

Limassol Del Mar Construction Assigned to a Consortium of Four Companies. | D. ZAVOS GROUP Land and Building Developers

D. ZAVOS GROUP Land and Building Developers · carried by linkedin.com
Cypeir Properties Ltd announces the assignment of the construction works of the prestigious Limassol Del Mar, to the consortium of companies, which includes ICM Group.
value seen: CONTRACTOR
value paraphrased from this source
https://www.linkedin.com/posts/zavos_limassol-del-mar-construction-assigned-to-activity-6376457029027921920-vYjd

Sources: summary

SOCIAL2018-03-05

Limassol Del Mar Construction Assigned to a Consortium of Four Companies. | D. ZAVOS GROUP Land and Building Developers

D. ZAVOS GROUP Land and Building Developers · carried by linkedin.com
Cypeir Properties Ltd announces the assignment of the construction works of the prestigious Limassol Del Mar, to the consortium of companies, which includes ICM Group.
value seen: The company was included in the consortium assigned the construction works of Limassol Del Mar.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.linkedin.com/posts/zavos_limassol-del-mar-construction-assigned-to-activity-6376457029027921920-vYjd

Sources: name

SOCIAL2018-03-05

Limassol Del Mar Construction Assigned to a Consortium of Four Companies. | D. ZAVOS GROUP Land and Building Developers

D. ZAVOS GROUP Land and Building Developers · carried by linkedin.com
Cypeir Properties Ltd announces the assignment of the construction works of the prestigious Limassol Del Mar, to the consortium of companies, which includes CMB Società Cooperativa.
value seen: CMB Società Cooperativa
https://www.linkedin.com/posts/zavos_limassol-del-mar-construction-assigned-to-activity-6376457029027921920-vYjd

Sources: partner type

SOCIAL2018-03-05

Limassol Del Mar Construction Assigned to a Consortium of Four Companies. | D. ZAVOS GROUP Land and Building Developers

D. ZAVOS GROUP Land and Building Developers · carried by linkedin.com
Cypeir Properties Ltd announces the assignment of the construction works of the prestigious Limassol Del Mar, to the consortium of companies, which includes CMB Società Cooperativa.
value seen: CONTRACTOR
value paraphrased from this source
https://www.linkedin.com/posts/zavos_limassol-del-mar-construction-assigned-to-activity-6376457029027921920-vYjd

Sources: summary

SOCIAL2018-03-05

Limassol Del Mar Construction Assigned to a Consortium of Four Companies. | D. ZAVOS GROUP Land and Building Developers

D. ZAVOS GROUP Land and Building Developers · carried by linkedin.com
Cypeir Properties Ltd announces the assignment of the construction works of the prestigious Limassol Del Mar, to the consortium of companies, which includes CMB Società Cooperativa.
value seen: The company was included in the consortium assigned the construction works of Limassol Del Mar.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.linkedin.com/posts/zavos_limassol-del-mar-construction-assigned-to-activity-6376457029027921920-vYjd

Registrations & licences

COMPANY NUMBERHE 27935
Official Government of the Cyprus Registrar Of Companies · CY · Active
Jurisdiction-agnostic: a DLD number, a Companies House number and a state RERA registration all land in the same table.

Contact

Markets

2 countries
Cyprusactive 8 projects tracked
Greeceactive 0 projects tracked

What they build

3 types
Residential, for sale8 of 8
Mixed use1 of 8
Retail1 of 8
A project counts once under each type it carries, so the shares add to more than the project count.

Management

Principals & executives

6 names found
DM
Demetris M. Zavos
Demetris M. Zavos is identified by the Group as Chairman. Independent reporting describes him as the founder and chairman of the family-owned developer.
Current title
Chairman
Experience
no career length stated
Companies before
none sourced
Education
not published
Other boards
none sourced
Known for
Chairman
Work email: zavos@zavos.com1 Email

Sources: email

COMPANYdate not shown in source

D. Zavos Group | About Us

D. Zavos Group
Chairman zavos@zavos.com
value seen: zavos@zavos.com
https://dzavos.gr/about-us/

Sources: full name

COMPANYdate not shown in source

D. Zavos Group | About Us

D. Zavos Group
#### Demetris M. Zavos
value seen: Demetris M. Zavos
https://dzavos.gr/about-us/

Sources: rank

COMPANYdate not shown in source

Team | D. Zavos Group

D. Zavos Group
Chairman
value seen: 1
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://zavos.com/team

Sources: role type

COMPANYdate not shown in source

D. Zavos Group | About Us

D. Zavos Group
Chairman
value seen: CHAIR
value paraphrased from this source
https://dzavos.gr/about-us/

Sources: summary

PRESSdate not shown in source

Limassol Del Mar goes to the Cloud…goes to CL8.com

Cloudlayer8 · carried by cl8.com
D.Zavos Group is a family owned business, which was established in 1980. The Founder and Chairman of the company is Mr Demetrakis Zavos.
value seen: Demetris M. Zavos is identified by the Group as Chairman. Independent reporting describes him as the founder and chairman of the family-owned developer.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://cl8.com/news/limassol-del-mar-goes-to-the-cloudgoes-to-cl8-com/

Sources: tags

COMPANYdate not shown in source

Team | D. Zavos Group

D. Zavos Group
Chairman
value seen: Chairman
value paraphrased from this source
https://zavos.com/team

Sources: title

COMPANYdate not shown in source

D. Zavos Group | About Us

D. Zavos Group
#### Demetris M. Zavos Chairman
value seen: Chairman
https://dzavos.gr/about-us/
MD
Michalis D. Zavos
Michalis D. Zavos is the Group’s CEO and Managing Director. A 2020 summit profile says he became managing director in 1989 and CEO in 2010; it also records a Business Administration degree and multiple outside board roles.
Current title
CEO & Managing Director
Experience
no career length stated
Companies before
none sourced
Education
University of Central FloridaBusiness Administration
Other boards
Polyclinic “Ygeia”Association of “Major Projects”CTL CollegePancyprian Association of Land Development and Construction Entrepreneurs
Known for
CEOManaging Director
Work email: zavos@zavos.com1 Email
https://linkedin.com/in/michalis-zavos-471b7119
since From 2010 since today
Unfortunately, the Russian market has been lost, which has affected purchasing power, both in real estate and tourism. Cyprus Business News 2024-01-23https://www.cbn.com.cy/article/110604/michalis-zavos-five-measures-that-would-reduce-prices-in-the-real-estate-sector

Sources: degree

PRESSdate not shown in source

Limassol Business & Investment Summit

IMH
He is a graduate in Business Administration of the University of Central Florida U.C.F./USA.
value seen: Business Administration
https://www.imhbusiness.com/en/events/limassol-business-investment-summit/

Sources: institution

PRESSdate not shown in source

Limassol Business & Investment Summit

IMH
He is a graduate in Business Administration of the University of Central Florida U.C.F./USA.
value seen: University of Central Florida
https://www.imhbusiness.com/en/events/limassol-business-investment-summit/

Sources: email

COMPANYdate not shown in source

D. Zavos Group | About Us

D. Zavos Group
CEO & Managing Director zavos@zavos.com
value seen: zavos@zavos.com
https://dzavos.gr/about-us/

Sources: full name

COMPANYdate not shown in source

D. Zavos Group | About Us

D. Zavos Group
#### Michalis D. Zavos
value seen: Michalis D. Zavos
https://dzavos.gr/about-us/

Sources: linkedin page

SOCIALdate not shown in source

Michalis Zavos

LinkedIn
Michalis Zavos Chief Executive Officer D.Zavos Group
value seen: https://linkedin.com/in/michalis-zavos-471b7119
https://linkedin.com/in/michalis-zavos-471b7119

Sources: other boards

PRESSdate not shown in source

Limassol Business & Investment Summit

IMH
He is currently a member of the Board of Directors of the Polyclinic “Ygeia”, of the Association of “Major Projects”, a member of the Board of “CTL College” ... and member of the Board of the “Pancyprian Association of Land Development and Construction Entrepreneurs”.
value seen: Polyclinic “Ygeia”; Association of “Major Projects”; CTL College; Pancyprian Association of Land Development and Construction Entrepreneurs
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.imhbusiness.com/en/events/limassol-business-investment-summit/

Sources: date

PRESSdate not shown in source

Michalis Zavos: Five measures that would reduce prices in the real estate sector

Cyprus Business News
2024-01-23
value seen: 2024-01-23
value paraphrased from this source
https://www.cbn.com.cy/article/110604/michalis-zavos-five-measures-that-would-reduce-prices-in-the-real-estate-sector

Sources: quote

PRESSdate not shown in source

Michalis Zavos: Five measures that would reduce prices in the real estate sector

Cyprus Business News
“Unfortunately,” as he points out, “the Russian market has been lost, which has affected purchasing power, both in real estate and tourism.”
value seen: Unfortunately, the Russian market has been lost, which has affected purchasing power, both in real estate and tourism.
held out of the figures · the quote does not carry this value
https://www.cbn.com.cy/article/110604/michalis-zavos-five-measures-that-would-reduce-prices-in-the-real-estate-sector

Sources: rank

COMPANYdate not shown in source

Team | D. Zavos Group

D. Zavos Group
CEO & Managing Director
value seen: 2
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://zavos.com/team

Sources: role type

COMPANYdate not shown in source

D. Zavos Group | About Us

D. Zavos Group
CEO & Managing Director
value seen: CEO
value paraphrased from this source
https://dzavos.gr/about-us/

Sources: since

PRESSdate not shown in source

Limassol Business & Investment Summit

IMH
From 2010 since today he is the Chief Executive Officer of D. Zavos Group
value seen: From 2010 since today
https://www.imhbusiness.com/en/events/limassol-business-investment-summit/

Sources: summary

PRESSdate not shown in source

Limassol Business & Investment Summit

IMH
From 1989 since 2010 he was appointed Managing Director of D. Zavos Group of companies and from 2010 since today he is the Chief Executive Officer of D. Zavos Group and KRIEL Group ... He is a graduate in Business Administration of the University of Central Florida U.C.F./USA.
value seen: Michalis D. Zavos is the Group’s CEO and Managing Director. A 2020 summit profile says he became managing director in 1989 and CEO in 2010; it also records a Business Administration degree and multiple outside board roles.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.imhbusiness.com/en/events/limassol-business-investment-summit/

Sources: tags

COMPANYdate not shown in source

Team | D. Zavos Group

D. Zavos Group
CEO & Managing Director
value seen: CEO
value paraphrased from this source
https://zavos.com/team

Sources: tags

COMPANYdate not shown in source

Team | D. Zavos Group

D. Zavos Group
CEO & Managing Director
value seen: Managing Director
value paraphrased from this source
https://zavos.com/team

Sources: title

COMPANYdate not shown in source

D. Zavos Group | About Us

D. Zavos Group
#### Michalis D. Zavos CEO & Managing Director
value seen: CEO & Managing Director
https://dzavos.gr/about-us/
KZ
Kristie Zavou
Kristie Zavou is the Group’s Executive Director and Head of Legal. Her documented background includes legal training and prior solicitor, trainee-lawyer and internship roles in Cyprus.
Current title
Executive Director / Head of Legal
since Jun 2018 - Present
Experience
no career length stated
Companies before
N. PIRILIDES & ASSOCIATES LLCNicos Chr. Anastasiades & Partners LLCPHC TSANGARIDES LLC
Education
Queen Mary University of LondonBachelor of Laws (LLB)
The University of LawLPC
Other boards
none sourced
Known for
Head of Legal
https://cy.linkedin.com/in/kristie-zavou-70448747

Sources: degree

SOCIALdate not shown in source

kristie zavou

LinkedIn
Bachelor of Laws (LLB), Law at Queen Mary University of London
value seen: Bachelor of Laws (LLB)
https://cy.linkedin.com/in/kristie-zavou-70448747

Sources: institution

SOCIALdate not shown in source

kristie zavou

LinkedIn
Bachelor of Laws (LLB), Law at Queen Mary University of London
value seen: Queen Mary University of London
https://cy.linkedin.com/in/kristie-zavou-70448747

Sources: degree

SOCIALdate not shown in source

kristie zavou

LinkedIn
Master’s Degree, LPC at The University of Law
value seen: LPC
https://cy.linkedin.com/in/kristie-zavou-70448747

Sources: institution

SOCIALdate not shown in source

kristie zavou

LinkedIn
Master’s Degree, LPC at The University of Law
value seen: The University of Law
https://cy.linkedin.com/in/kristie-zavou-70448747

Sources: full name

COMPANYdate not shown in source

D. Zavos Group | About Us

D. Zavos Group
#### Kristie Zavou
value seen: Kristie Zavou
https://dzavos.gr/about-us/

Sources: linkedin page

SOCIALdate not shown in source

Kristie Zavou - Head of Legal at D.Zavos Group

LinkedIn
Kristie Zavou - Head of Legal at D.Zavos Group
value seen: https://cy.linkedin.com/in/kristie-zavou-70448747
https://cy.linkedin.com/in/kristie-zavou-70448747

Sources: previous companies

SOCIALdate not shown in source

Talk Real Estate to me💯 | Kristie Zavou

LinkedIn
Previous roles include Solicitor at N. PIRILIDES & ASSOCIATES LLC, Trainee Lawyer at Nicos Chr. Anastasiades & Partners LLC, and Internship at PHC TSANGARIDES LLC.
value seen: N. PIRILIDES & ASSOCIATES LLC
https://www.linkedin.com/posts/kristie-zavou-70448747_realestate-limassol-cyprus-activity-6890389820414189568-0B_-

Sources: previous companies

SOCIALdate not shown in source

Talk Real Estate to me💯 | Kristie Zavou

LinkedIn
Previous roles include Solicitor at N. PIRILIDES & ASSOCIATES LLC, Trainee Lawyer at Nicos Chr. Anastasiades & Partners LLC, and Internship at PHC TSANGARIDES LLC.
value seen: Nicos Chr. Anastasiades & Partners LLC
https://www.linkedin.com/posts/kristie-zavou-70448747_realestate-limassol-cyprus-activity-6890389820414189568-0B_-

Sources: previous companies

SOCIALdate not shown in source

Talk Real Estate to me💯 | Kristie Zavou

LinkedIn
Previous roles include Solicitor at N. PIRILIDES & ASSOCIATES LLC, Trainee Lawyer at Nicos Chr. Anastasiades & Partners LLC, and Internship at PHC TSANGARIDES LLC.
value seen: PHC TSANGARIDES LLC
https://www.linkedin.com/posts/kristie-zavou-70448747_realestate-limassol-cyprus-activity-6890389820414189568-0B_-

Sources: rank

COMPANYdate not shown in source

Team | D. Zavos Group

D. Zavos Group
Executive Director / Head of Legal
value seen: 3
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://zavos.com/team

Sources: role type

COMPANYdate not shown in source

D. Zavos Group | About Us

D. Zavos Group
Executive Director / Head of Legal
value seen: Executive Director / Head of Legal
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://dzavos.gr/about-us/

Sources: since

SOCIALdate not shown in source

kristie zavou

LinkedIn
Head Of Legal Department - [D. Zavos Group] (Current) Jun 2018 - Present
value seen: Jun 2018 - Present
https://cy.linkedin.com/in/kristie-zavou-70448747

Sources: summary

SOCIALdate not shown in source

Talk Real Estate to me💯 | Kristie Zavou

LinkedIn
Head Of Legal Department at D.Zavos Group for 8 years 2 months with 11 years 11 months of total professional experience. Previous roles include Solicitor at N. PIRILIDES & ASSOCIATES LLC, Trainee Lawyer at Nicos Chr. Anastasiades & Partners LLC, and Internship at PHC TSANGARIDES LLC.
value seen: Kristie Zavou is the Group’s Executive Director and Head of Legal. Her documented background includes legal training and prior solicitor, trainee-lawyer and internship roles in Cyprus.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.linkedin.com/posts/kristie-zavou-70448747_realestate-limassol-cyprus-activity-6890389820414189568-0B_-

Sources: tags

COMPANYdate not shown in source

Team | D. Zavos Group

D. Zavos Group
Executive Director / Head of Legal
value seen: Head of Legal
value paraphrased from this source
https://zavos.com/team

Sources: title

COMPANYdate not shown in source

D. Zavos Group | About Us

D. Zavos Group
#### Kristie Zavou Executive Director / Head of Legal
value seen: Executive Director / Head of Legal
https://dzavos.gr/about-us/
EZ
Elina Zavou
Elina Zavou is an executive responsible for sales and, in the independently published 2020 introduction, marketing. She joined the family business in property management and holds a bachelor’s degree in Real Estate from the University of Westminster.
Current title
Executive Director / Sales Director
Experience
no career length stated
Companies before
none sourced
Education
University of Westminsterbachelor’s degree in Real Estate
Other boards
none sourced
Known for
Sales Director
https://linkedin.com/in/elina-zavou-b53bba83

Sources: degree

SOCIALdate not shown in source

This week, we are happy to introduce you to Elina Zavou, the Marketing Director of D. Zavos Group. | Elina Zavou

LinkedIn
Elina holds a bachelor’s degree from the University of Westminster in London in Real Estate.
value seen: bachelor’s degree in Real Estate
held out of the figures · the quote does not carry this value
https://www.linkedin.com/posts/elina-zavou-b53bba83_dzavosgroup-dzavosgroupcyprus-land-activity-6717467952247005184-Q5TD

Sources: institution

SOCIALdate not shown in source

This week, we are happy to introduce you to Elina Zavou, the Marketing Director of D. Zavos Group. | Elina Zavou

LinkedIn
Elina holds a bachelor’s degree from the University of Westminster in London in Real Estate.
value seen: University of Westminster
https://www.linkedin.com/posts/elina-zavou-b53bba83_dzavosgroup-dzavosgroupcyprus-land-activity-6717467952247005184-Q5TD

Sources: full name

COMPANYdate not shown in source

D. Zavos Group | About Us

D. Zavos Group
#### Elina Zavou
value seen: Elina Zavou
https://dzavos.gr/about-us/

Sources: linkedin page

SOCIALdate not shown in source

Elina Zavou

D. Zavos Group · carried by linkedin.com
Elina Zavou
value seen: https://linkedin.com/in/elina-zavou-b53bba83
https://linkedin.com/in/elina-zavou-b53bba83

Sources: rank

COMPANYdate not shown in source

Team | D. Zavos Group

D. Zavos Group
Executive Director / Sales Director
value seen: 4
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://zavos.com/team

Sources: role type

COMPANYdate not shown in source

D. Zavos Group | About Us

D. Zavos Group
Executive Director / Sales Director
value seen: DEPARTMENT_HEAD
value paraphrased from this source
https://dzavos.gr/about-us/

Sources: since

SOCIALdate not shown in source

This week, we are happy to introduce you to Elina Zavou, the Marketing Director of D. Zavos Group. | Elina Zavou

LinkedIn
Earlier this year and after spending the last 5 years as the Head of Property Management, Elina was promoted to the position of Marketing Director
value seen: Earlier this year [2020]
held out of the figures · the quote does not carry this value · the value did not fit the record it was filed under
value paraphrased from this source
https://www.linkedin.com/posts/elina-zavou-b53bba83_dzavosgroup-dzavosgroupcyprus-land-activity-6717467952247005184-Q5TD

Sources: summary

SOCIALdate not shown in source

This week, we are happy to introduce you to Elina Zavou, the Marketing Director of D. Zavos Group. | Elina Zavou

LinkedIn
Elina holds a bachelor’s degree from the University of Westminster in London in Real Estate. After completing her studies and upon her return in Cyprus, she joined the family business, as the Head of Property Management. Earlier this year ... Elina was promoted to the position of Marketing Director.
value seen: Elina Zavou is an executive responsible for sales and, in the independently published 2020 introduction, marketing. She joined the family business in property management and holds a bachelor’s degree in Real Estate from the University of Westminster.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.linkedin.com/posts/elina-zavou-b53bba83_dzavosgroup-dzavosgroupcyprus-land-activity-6717467952247005184-Q5TD

Sources: tags

COMPANYdate not shown in source

Team | D. Zavos Group

D. Zavos Group
Executive Director / Sales Director
value seen: Sales Director
value paraphrased from this source
https://zavos.com/team

Sources: title

COMPANYdate not shown in source

D. Zavos Group | About Us

D. Zavos Group
#### Elina Zavou Executive Director / Sales Director
value seen: Executive Director / Sales Director
https://dzavos.gr/about-us/
CC
Christos Constantinou
Christos Constantinou is identified by the Group as CFO and by his professional profile as a finance controller. His background includes audit and tax work and accounting-and-finance study at the University of Macedonia.
Current title
Chief Financial Officer (CFO)
Experience
no career length stated
Companies before
Deloitte CyprusM. Loucaides Ltd
Education
University of MacedoniaAccounting and Finance
Other boards
none sourced
Known for
CFO
Work email: c.constantinou@zavos.com1 Email
https://linkedin.com/in/christos-constantinou-4348b375

Sources: degree

SOCIALdate not shown in source

Christos Constantinou

LinkedIn
ACCOUNTING AND FINANCE at UNIVERSITY OF MACEDONIA
value seen: Accounting and Finance
https://linkedin.com/in/christos-constantinou-4348b375

Sources: institution

SOCIALdate not shown in source

Christos Constantinou

LinkedIn
ACCOUNTING AND FINANCE at UNIVERSITY OF MACEDONIA
value seen: University of Macedonia
https://linkedin.com/in/christos-constantinou-4348b375

Sources: email

COMPANYdate not shown in source

D. Zavos Group | About Us

D. Zavos Group
Chief Financial Officer (CFO) c.constantinou@zavos.com
value seen: c.constantinou@zavos.com
https://dzavos.gr/about-us/

Sources: full name

COMPANYdate not shown in source

D. Zavos Group | About Us

D. Zavos Group
#### Christos Constantinou (ACA)
value seen: Christos Constantinou
https://dzavos.gr/about-us/

Sources: linkedin page

SOCIALdate not shown in source

Christos Constantinou

LinkedIn
Christos Constantinou Financial Controller at D.Zavos Group
value seen: https://linkedin.com/in/christos-constantinou-4348b375
https://linkedin.com/in/christos-constantinou-4348b375

Sources: previous companies

SOCIALdate not shown in source

Christos Constantinou

LinkedIn
Assistant Tax Manager - Deloitte Cyprus Jul 2014 - Dec 2018
value seen: Deloitte Cyprus
https://linkedin.com/in/christos-constantinou-4348b375

Sources: previous companies

SOCIALdate not shown in source

Christos Constantinou

LinkedIn
Senior Auditor - M.Loucaides Ltd
value seen: M. Loucaides Ltd
https://linkedin.com/in/christos-constantinou-4348b375

Sources: rank

COMPANYdate not shown in source

Team | D. Zavos Group

D. Zavos Group
Chief Financial Officer (CFO)
value seen: 5
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://zavos.com/team

Sources: role type

COMPANYdate not shown in source

D. Zavos Group | About Us

D. Zavos Group
Chief Financial Officer (CFO)
value seen: CFO
value paraphrased from this source
https://dzavos.gr/about-us/

Sources: summary

SOCIALdate not shown in source

Christos Constantinou

LinkedIn
Financial Controller - [D. Zavos Group] (Current) Jan 2019 - Present ... Assistant Tax Manager - Deloitte Cyprus ... Senior Auditor - M.Loucaides Ltd ... ACCOUNTING AND FINANCE at UNIVERSITY OF MACEDONIA
value seen: Christos Constantinou is identified by the Group as CFO and by his professional profile as a finance controller. His background includes audit and tax work and accounting-and-finance study at the University of Macedonia.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://linkedin.com/in/christos-constantinou-4348b375

Sources: tags

COMPANYdate not shown in source

Team | D. Zavos Group

D. Zavos Group
Chief Financial Officer (CFO)
value seen: CFO
value paraphrased from this source
https://zavos.com/team

Sources: title

COMPANYdate not shown in source

D. Zavos Group | About Us

D. Zavos Group
#### Christos Constantinou (ACA) Chief Financial Officer (CFO)
value seen: Chief Financial Officer (CFO)
https://dzavos.gr/about-us/
NP
Nikos Papadopoulos
Nikos Papadopoulos is identified on the Group’s executive team as After Sales Technical Manager.
Current title
After Sales Technical Manager
Experience
no career length stated
Companies before
none sourced
Education
not published
Other boards
none sourced
Known for
After Sales Technical Manager

Sources: full name

COMPANYdate not shown in source

D. Zavos Group | About Us

D. Zavos Group
#### Nikos Papadopoulos
value seen: Nikos Papadopoulos
https://dzavos.gr/about-us/

Sources: rank

COMPANYdate not shown in source

Team | D. Zavos Group

D. Zavos Group
After Sales Technical Manager
value seen: 6
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://zavos.com/team

Sources: role type

COMPANYdate not shown in source

D. Zavos Group | About Us

D. Zavos Group
After Sales Technical Manager
value seen: DEPARTMENT_HEAD
value paraphrased from this source
https://dzavos.gr/about-us/

Sources: summary

COMPANYdate not shown in source

Team | D. Zavos Group

D. Zavos Group
Nikos Papadopoulos After Sales Technical Manager
value seen: Nikos Papadopoulos is identified on the Group’s executive team as After Sales Technical Manager.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://zavos.com/team

Sources: tags

COMPANYdate not shown in source

Team | D. Zavos Group

D. Zavos Group
After Sales Technical Manager
value seen: After Sales Technical Manager
value paraphrased from this source
https://zavos.com/team

Sources: title

COMPANYdate not shown in source

D. Zavos Group | About Us

D. Zavos Group
#### Nikos Papadopoulos After Sales Technical Manager
value seen: After Sales Technical Manager
https://dzavos.gr/about-us/

Projects

Assessment coverage

Completed projects: 2016-10-15 through 2026-10-15. Initial research is capped at 10 completed projects and a separate delivery-risk search capped at 7 findings. Risk findings are not project assessment counts. Absence is not proof of a complete portfolio or no failures. Month-level dates overlapping a boundary are excluded from figures.

0 undated completions and 0 boundary-uncertain completions are retained but excluded from figures.

Stalled, cancelled & overdue projects

0 evidenced cases
The capped delivery-risk search ran; no project-level exception cases are recorded here. Risk findings are listed under Risks and are separate from assessed projects. This does not establish that the developer has no delivery failures.

Completed projects

8 projects
ProjectLocationTypeUnitsFloorsAreaCostPayment planLaunchedConstruction startOriginal targetHandoverDelayConfidenceStatus
Park HorizonLimassol, Cyprus
Limassol District
residential for sale814—————Sep 2025Jun 2026+9.0 mo
(+9.0 to +9.0)
estimatedcompleted
Bel Air MansionsLimassol, Cyprus
Limassol District
residential for sale—four—————Jan 2024 – Dec 2024Dec 2025+17.5 mo
(+12.0 to +23.0)
estimatedcompleted
Sunset CourtLimassol, Cyprus
Limassol District
residential for sale91three——30/701——Jan 2023 – Dec 2023Jan 2024+6.5 mo
(+1.0 to +12.0)
estimatedcompleted
Arion CourtLimassol, Cyprus
Limassol District
residential for sale————30% upon signing of the contract; 70% in 4 instalments in accordance with the progress of the development.12021February 17—Jan 2023 – Dec 2023—not scorablecompleted
Limassol Del MarLimassol, Cyprus
Limassol District
mixed use, residential for sale, retail—2760,000 m²EUR 400m
estimated cost
—20172017—Jan 2023 – Dec 2023—not scorablecompleted
Address by the SeaLimassol, Cyprus
Limassol District
residential for sale33111———2017late 2017—Sep 2020—not scorablecompleted
Royal CourtLimassol, Cyprus
Limassol District
residential for sale91three———2017July 2017—Mar 2019—not scorablecompleted
Kriel Park MansionsLimassol, Cyprus
Limassol District
residential for sale51————2019August 7th, 2019—Jan 2019 – Dec 2019—not scorablecompleted
Click any row for the sources behind it. Cost basis matters: an estimated cost, a construction loan and a sale price are different numbers. Each row states which one it is, so they are never averaged together.

Awards

Awards & recognition

4 found
PROJECT AWARD Winner 2023–2024
European Property Awards — Architecture Multiple Residence · Bel Air Mansions
The developer reports that Bel Air Mansions was awarded the European Property Award in the Architecture Multiple Residence category.
European Property Awards · https://zavos.com/awards
COMPANY AWARD Winner 11 October 2019
KEBE Business Leader Award — Construction, Property and Real Estate Sector
The award was presented to Michalis Zavos, CEO of D. Zavos Group, for the Construction, Property and Real Estate Sector.
Cyprus Chamber of Commerce and Industry (KEBE), in collaboration with IMH · https://www.cyprusprofile.com/articles/presented-the-6th-business-leader-awards-2019
SAFETY / QUALITY Certified
ISO 9001:2015 System Certification
The developer's awards and certifications page lists D. Zavos Group as holding ISO 9001 system certification from TÜV NORD/TÜV Cyprus; the page does not state the certification date or current validity period.
TÜV NORD / TÜV Cyprus · https://zavos.com/awards
PROJECT AWARD Winner 2015–2016
European Property Awards — Architecture Multiple Residence · Del Mar Residence
The developer's awards page lists D. Zavos Group as the owner/recipient associated with Del Mar Residence's European Property Award in the Architecture Multiple Residence category.
European Property Awards · https://zavos.com/awards

Risks

Risk flags

3 found
FINANCIAL DISTRESS Status reported as of 26 September 2026; company registered 24 November 1993
A Cyprus company named G.M. Zavos and Sons Developers Limited (HE 58551), which lists G. M. Zavos as director and G. Zavos as secretary, is reported as currently “Under Receivership”; the registry page cautions that some information may be outdated, so this is an entity-level finding and is not asserted as a receivership of D. Zavos Group itself.
FINANCIAL DISTRESS 20 December 2015 (publication); June 2013 (loan-exposure snapshot)
Cyprus Mail reported that D. Zavos Group had €134 million in unserviced Bank of Cyprus exposures based on a June 2013 snapshot, and that the obligations were restructured in December 2015; the report described the restructuring as a remedial agreement rather than a foreclosure or insolvency, and the evidence is now historical.
RISK Alleged events: 24 November 2017–13 November 2018; report published 10 October 2022; court judgment reported 23 January 2025; position researched as of 10 October 2026
Corniche building / apartment 203 matter — prosecutors alleged that Larina Estates Ltd, whose CEO was Michalis Zavos, sold three Limassol apartments tied to the Salem citizenship applications, refunded part of the €6 million investment and left the residences unbuilt; the 2025 court outcome acquitted the defendants of conspiracy-to-defraud charges but convicted Michalis Zavos and Larina Estates of fraudulent VAT evasion, so the construction allegation should not be treated as a proven fraud or current project status.

Record status

active
Coverageactive
Tracked sinceOctober 10, 2026
Last checkedOctober 10, 2026 this month
Profile last researchedOctober 10, 2026
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For informational purposes only. This information is not investment, financial or credit advice and should not be relied on for investment, lending or credit decisions. Records may be incomplete or outdated. Verify information independently and seek qualified advice before making a decision.