Artificial Intelligence
Builders Company
Developers/Pafilia Property Developers
PP
Pafilia Property DevelopersPafos, Cyprus · founded 1977 · 2 active markets
PRIVATE

Pafilia develops luxury residential and mixed-use properties in Cyprus and Greece, including villas, apartments, towers, seafront residences, private estates, and integrated leisure resorts. Its customers are local and international homebuyers and investors seeking lifestyle-oriented homes and property investment opportunities worldwide.

Years in business
49
founded 1977
LinkedIn headcount
173
employees, as shown on LinkedIn · size band 201–500
Portfolio value
EUR 3 billion property portfolio value
2023-08-02
Assets under management
null nullm
as published or estimated
Total projects
250 completed developments
across the company’s whole history
Units delivered
1,250,000 square meters of residential space delivered
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
PAFILIA PROPERTY DEVELOPERS LIMITED1
Headquarters
33 Nicodemou Mylona Street1, Pafos1, Cyprus
Founded
19771
Entity type
PRIVATE1
Business model
offplan for sale1, mixed use1
Markets
2 markets listed
What they build
Residential, for sale (5 of 7) · Other (1 of 7) · Mixed use (1 of 7)
Full dossier in About →

Delivery record

3 date-assessed of 7 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 1 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
7
within the rolling ten-year window
Median delay
+15.5 mo
the middle of 3 scored projects
Average delay
+11.3 mo
the same projects, pulled by the worst
Average time to deliver
—
2 delivered projects with a dated start — needs 3
Worst slip
+24.0 mo
ONE · +13.0 to +35.0
1
early or less than 6 months late
6 to 12 months late
0
yellow rows below
Over 12 months late
2
red rows below

Against other developers

3 date-assessed projects here
Not enough info yet.
Projects and timelines in Track Record →

Resident experience

3 of 7 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
7.7/ 10
Weighted judgment across build and operations · from 3 of 3 rated buildings
Little structure evidence (1 of 3 buildings) — this rests mainly on whole-building and living reviews.
Structure & systems
8.5/ 10
Fabric, services, waterproofing, envelope · from 1 of 3 rated buildings
Management & living
7.5/ 10
Upkeep, response times, amenities, community · from 3 of 3 rated buildings

Against other developers

3 rated here · 8 developers, 29 rated buildings in Cyprus
Overall rating
Pafilia Property Developers · 8 other developers in Cyprus
7.7 vs 8.2
this developer 0.5 worse
The weighted verdict on each side. From 3 of 3 rated buildings here and 29 in the market.
Structure & systems
Pafilia Property Developers · 8 other developers in Cyprus
— vs —
Too few buildings with this score here to compare (1 of 3)
Fabric and engineering only — fixed at handover. From 1 of 3 rated buildings here and 5 in the market.
Management & living
Pafilia Property Developers · 8 other developers in Cyprus
7.5 vs 8.1
this developer 0.6 worse
Upkeep and response — belongs to whoever runs the building now. From 3 of 3 rated buildings here and 25 in the market.
The market here is Cyprus: every other developer whose head office is in the same country, because the review platforms residents use, and the service norms they judge against, move together within one. It is not a city, a sector or a price band. Read structure and living together. A developer above the market on structure and below it on living builds well and runs buildings badly, which is a fixable problem and a different one from building badly. Higher ratings are better; differences use the displayed scores rounded to one decimal. Rated buildings only, on both sides, and a structure or living score with no stated basis — no review count and no notes or links — is left out of both.
Ratings by building →

Awards & recognition

All awards →

Risks & source coverage

  • REGULATORY Decision dated September 9, 2016; hierarchical appeal decision dated April 16, 2019; underlying sale dated December 20, 2007. Cyprus’s Consumer Protection Service found that Pafilia had sold an apartment before obtaining the building permit, failed to disclose a pre-existing mortgage and omitted material legal information from its contract and promotional material; despite Pafilia’s denials and explanations, the authority imposed a €100,000 administrative fine, and the company’s 2019 hierarchical appeal is documented in the same decision record.
  • PROJECT CANCELLED Reported October 26, 2018. Pafilia withdrew from the Paphos marina tender after prolonged litigation and delay prevented award and execution of the project; the company said the tender should be reissued, so this records withdrawal from that proposed project rather than a finding that Pafilia abandoned an already-built development.
  • DELIVERY DELAY 2018-10-26 withdrawal; 2023-12-29 report on non-start; research position 2026-10-10 Paphos Marina at Potima/Kissonerga: Pafilia Property Developers withdrew from the tender in October 2018 after the decade-long process remained blocked by litigation; later reporting said construction expected for end-2021 never started, while the project was relaunched for a new concession rather than completed by 10 October 2026.
  • 2 more in Risk & Sources
Record status
active
Company sources
102 source entries across 99 fields
Projects tracked
8 · 7 completed in assessment
All flags and sources →

Track Record

Delivery record

3 date-assessed of 7 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 1 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
7
within the rolling ten-year window
Median delay
+15.5 mo
the middle of 3 scored projects
Average delay
+11.3 mo
the same projects, pulled by the worst
Average time to deliver
—
2 delivered projects with a dated start — needs 3
Worst slip
+24.0 mo
ONE · +13.0 to +35.0
1
early or less than 6 months late
6 to 12 months late
0
yellow rows below
Over 12 months late
2
red rows below

Against other developers

3 date-assessed projects here
Not enough info yet.

Construction start to handover

7 of 7 projects dated · 6 places
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
Agios Tychonas, Cyprus
Cyprus
Limassol, Cyprus
Konia, Cyprus
Paphos, Cyprus
Tala, Cyprus
20172018201920202021202220232024202520262027todayAGIOS TYCHONAS, CYPRUScompleted, no target publishedCYPRUS+15.5 moverifiedcompleted, no target publishedLIMASSOL, CYPRUS+24 moverifiedKONIA, CYPRUScompleted, no target publishedPAPHOS, CYPRUScompleted, no target publishedTALA, CYPRUS−5.5 moverified
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. 4 turned out to be about something else — a phase, a neighbour, the wider masterplan — and are marked off-subject.

Building & Livability Ratings

Resident experience

3 of 7 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
7.7/ 10
Weighted judgment across build and operations · from 3 of 3 rated buildings
Little structure evidence (1 of 3 buildings) — this rests mainly on whole-building and living reviews.
Structure & systems
8.5/ 10
Fabric, services, waterproofing, envelope · from 1 of 3 rated buildings
Management & living
7.5/ 10
Upkeep, response times, amenities, community · from 3 of 3 rated buildings

Against other developers

3 rated here · 8 developers, 29 rated buildings in Cyprus
Overall rating
Pafilia Property Developers · 8 other developers in Cyprus
7.7 vs 8.2
this developer 0.5 worse
The weighted verdict on each side. From 3 of 3 rated buildings here and 29 in the market.
Structure & systems
Pafilia Property Developers · 8 other developers in Cyprus
— vs —
Too few buildings with this score here to compare (1 of 3)
Fabric and engineering only — fixed at handover. From 1 of 3 rated buildings here and 5 in the market.
Management & living
Pafilia Property Developers · 8 other developers in Cyprus
7.5 vs 8.1
this developer 0.6 worse
Upkeep and response — belongs to whoever runs the building now. From 3 of 3 rated buildings here and 25 in the market.
The market here is Cyprus: every other developer whose head office is in the same country, because the review platforms residents use, and the service norms they judge against, move together within one. It is not a city, a sector or a price band. Read structure and living together. A developer above the market on structure and below it on living builds well and runs buildings badly, which is a fixable problem and a different one from building badly. Higher ratings are better; differences use the displayed scores rounded to one decimal. Rated buildings only, on both sides, and a structure or living score with no stated basis — no review count and no notes or links — is left out of both.

By building

3 rated · 4 not rated · scale 1–10
ProjectOverallStructure & systemsManagement & living
Minthis Wellness Spa
8.7/ 10
8.5/ 10
Booking.com 9.6/10, 9.5/10 · 528 reviews · booking.com
Combined from 2 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: 8.5.
8.2/ 10
Booking.com 9.6/10, 9.5/10, 8.8/10, 9.6/10 · 528 reviews · booking.com
Combined from 4 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: 8.2.

Booking.com’s 9.4/10 from 528 guest reviews is the largest review base and sets the level; under the stated guest conversion curve it gives an 8.8 anchor. Tripadvisor’s independently published 4.7/5 from 225 reviews is directionally consistent, while the recurring operational negatives modestly reduce the final resident-experience estimate to 8.7.

+ Modern design+ Clean suites+ Good maintenance overall+ Spacious accommodation+ Well-integrated architecture
− Cold pool water− Bathroom maintenance issues− Inconsistent room cleaning− Noisy AC− Reported post-spa skin irritation
+ Exceptional spa+ Peaceful atmosphere+ Friendly staff+ Strong views+ Wide activity offer
− Cold pools− Booking miscommunication− Limited spa showers− Occasional poor room service− Family-access ambiguity

Reviews describe a modern, well-maintained property overall: Booking.com records “cleanliness and good maintenance of the premises,” while Tripadvisor reviewers call the architecture “clean, considered, and well integrated.” Counterevidence includes “a few small maintenance issues in the bathroom,” noisy AC, inconsistent cleaning, and a serious but disputed report of skin irritation after spa use; the resort said its investigation found no laundry, cleaning or procedural problem.

The daily experience is generally calm and service-led: guests repeatedly praise the “peaceful, zen-like atmosphere,” “friendly and supportive staff,” spa treatments, views and activities. Operational criticism is specific rather than dominant, including “cold water in SPA indoor pool,” a spa receptionist described as too cold, a 20-minute shower wait, poor room service, and a birthday spa visit where massages were not scheduled together and umbrellas were unavailable.

ONELimassol83 units
8.2/ 10
—/ 10
8.2/ 10

Google Reviews/Maps provides the largest published review base found for the building, at 4.4/5 from 17 reviews; applying the specified conversion curve gives 8.2/10. The visible written reviews are mostly positive about amenities, views and concierge service, but the evidence does not support a separate structure score.

+ Concierge praised+ Professional support team+ Spa and gym+ Pool and terraces+ Fast lifts
− One exterior-design criticism
Not found in sources: No recurring management complaint · No recurring security complaint · No recurring upkeep complaint · Limited resident-written evidence

no notes returned

no links returned

The available building review page describes a spa, gym, pool, fast lifts and “friendly and attentive concierges” with a “professional support team.” The published aggregate is 4.4/5 from 17 reviews, while the visible comments are mostly praise; the only clear criticism says the building “doesn't fit with the surrounding area,” which concerns appearance rather than day-to-day operations.

DomusTala
6.3/ 10
—/ 10
6.1/ 10

The building-specific place listing reports 3.7/5 from 3 reviews, which is the only published aggregate rating located. Because the review base is below ten, the score is kept within one point of 6.5; no recurring review themes were available to adjust it, and no structure score is assigned because no building-condition review evidence was published.

+ Communal swimming pool+ Sun terrace+ Landscaped gardens+ Sea and mountain views+ Walkable village setting

no notes returned

no links returned

The published project material describes a large residents’ swimming pool and terrace overlooking landscaped gardens, together with mountain and Mediterranean Sea views. It also places the development within walking distance of Tala village; these are promotional/project descriptions rather than resident review comments, and no written operational complaints or praise were available to quote.

Only buildings that have reached handover are rated. 4 of 7 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
PAFILIA PROPERTY DEVELOPERS LIMITED
Headquarters
33 Nicodemou Mylona Street, Pafos, Cyprus
8101
Founded
1977
Cyprus
Entity type
PRIVATE
Revenue
USD 7.48 million annual revenue
Business model
offplan for sale, mixed use

Offices

head office and 4 others
LimassolAthensBeijingShenzhen

Sources: office cities

COMPANYdate not shown in source

Contact us - Pafilia

Pafilia
South China – Shenzhen
value seen: Shenzhen
https://www.pafilia.com/contact/
DIRECTORYdate not shown in source

Cyprus Profile - Pafilia Property Developers Ltd

Cyprus Profile
Room 3305, No.6 Building Jianwai SOHO No.39 East 3rd Ring Middle Road, Chaoyang District, Beijing, China
value seen: Beijing
https://www.cyprusprofile.com/companies/pafilia-property-developers-ltd
DIRECTORYdate not shown in source

Cyprus Profile - Pafilia Property Developers Ltd

Cyprus Profile
Corner 58 Kafkasou & 52 Skopelou Streets, Kypseli, Athens, Greece
value seen: Athens
https://www.cyprusprofile.com/companies/pafilia-property-developers-ltd
COMPANYdate not shown in source

Contact us - Pafilia

Pafilia
Cyprus – Limassol
value seen: Cyprus – Limassol
https://www.pafilia.com/contact/

Partners

6 partners
WATG
partner

WATG developed the masterplan for Minthis.

Mackenzie & Ebert
partner

Mackenzie & Ebert developed the Minthis championship golf course.

Atkins
partner

Atkins is identified as an international expert involved in designing and realizing ONE and Minthis.

Woods Bagot
partner

Woods Bagot is identified as an architecture firm involved in Minthis.

J&P
contractor

J&P signed the construction contract for ONE as part of the J&P/ACC team.

ACC
contractor

ACC signed the construction contract for ONE as part of the J&P/ACC team.

Sources: partners

COMPANYdate not shown in source

Partners - Pafilia

Pafilia
The carefully-conceived masterplan of Minthis was developed by international architecture firm WATG
value seen: WATG
https://www.pafilia.com/partners/

Sources: partners

COMPANYdate not shown in source

Partners - Pafilia

Pafilia
The world-class championship golf course at Minthis has been designed Donald Steel and later developed by his protégé Mackenzie & Ebert.
value seen: Mackenzie & Ebert
https://www.pafilia.com/partners/

Sources: partners

DIRECTORYdate not shown in source

Cyprus Profile - Pafilia Property Developers Ltd

Cyprus Profile
ONE is 37 stories of design intelligence, a pioneering landmark for Cyprus that has been designed and is being realized by a team of internationally renowned experts including Atkins
value seen: Atkins
https://www.cyprusprofile.com/companies/pafilia-property-developers-ltd

Sources: partners

DIRECTORYdate not shown in source

Cyprus Profile - Pafilia Property Developers Ltd

Cyprus Profile
Minthis Hills ... acclaimed master planners Atkins and celebrated Architecture firm Woods Bagot
value seen: Woods Bagot
https://www.cyprusprofile.com/companies/pafilia-property-developers-ltd

Sources: partners

PRESSdate not shown in source

Construction to begin on the ONE tower - Limassol Chamber

Limassol Chamber
Pafilia signed a €77 million construction contract with J&P and ACC on November 30, 2016
value seen: J&P
https://www.limassolchamber.eu/En/articles/283/2016/12/09/Construction-to-begin-on-the-ONE-tower-

Sources: partners

PRESSdate not shown in source

Construction to begin on the ONE tower - Limassol Chamber

Limassol Chamber
Pafilia signed a €77 million construction contract with J&P and ACC on November 30, 2016
value seen: ACC
https://www.limassolchamber.eu/En/articles/283/2016/12/09/Construction-to-begin-on-the-ONE-tower-

Registrations & licences

none found
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 7 projects tracked
Greeceactive 0 projects tracked

What they build

3 types
Residential, for sale5 of 7
Other1 of 7
Mixed use1 of 7
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
EE
Elias Eliades
Pafilia identifies Elias Eliades as its owner-manager and Executive President & CEO. A separate Minthis leadership profile describes him as the group founder, owner and director, and records his earlier legal and political career in Cyprus.
Current title
Executive President & CEO
since 1977
Experience
no career length stated
Companies before
none sourced
Education
not published
Other boards
none sourced
Known for
FounderOwner-managedExecutive President & CEOFormer Cyprus Minister of Defence

Sources: since

COMPANYdate not shown in source

About Us - Pafilia

Pafilia
Founded in 1977 and owner-managed by Mr. Elias Eliades and family
value seen: 1977
https://www.pafilia.com/about-us/

Sources: summary

CONTRACTORdate not shown in source

Minthis Story | Minthis Resort

Minthis Resort
With a career spanning over four decades and esteemed positions in both law and politics, founder, owner and director of Pafilia Group, Elias Eliades brings unique passion and experience to the real estate industry.
value seen: Pafilia identifies Elias Eliades as its owner-manager and Executive President & CEO. A separate Minthis leadership profile describes him as the group founder, owner and director, and records his earlier legal and political career in Cyprus.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.minthisresort.com/our-story/

Sources: tags

CONTRACTORdate not shown in source

Minthis Story | Minthis Resort

Minthis Resort
founder, owner and director of Pafilia Group
value seen: Founder
https://www.minthisresort.com/our-story/

Sources: tags

CONTRACTORdate not shown in source

Minthis Story | Minthis Resort

Minthis Resort
Proudly owned and operated by Elias Eliades and his family
value seen: Owner-managed
held out of the figures · the quote does not carry this value
https://www.minthisresort.com/our-story/

Sources: tags

COMPANYdate not shown in source

About Us - Pafilia

Pafilia
## ELIAS ELIADES Executive President & CEO
value seen: Executive President & CEO
https://www.pafilia.com/about-us/

Sources: tags

CONTRACTORdate not shown in source

Minthis Story | Minthis Resort

Minthis Resort
formerly Cyprus’ Minister of Defence
value seen: Former Cyprus Minister of Defence
held out of the figures · the quote does not carry this value
https://www.minthisresort.com/our-story/

Sources: title

COMPANYdate not shown in source

About Us - Pafilia

Pafilia
## ELIAS ELIADES Executive President & CEO
value seen: Executive President & CEO
https://www.pafilia.com/about-us/
EE
Evangelia Eliadou
Evangelia Eliadou is an Executive Director who leads Pafilia’s sales and marketing and contributes to strategic objectives and global growth. The available profiles identify her as Elias Eliades’s daughter, a qualified lawyer, and a long-serving family-business executive focused on flagship developments and premium projects.
Current title
Executive Director
since 2001
Experience
no career length stated
Companies before
none sourced
Education
King’s College LondonCommercial and Corporate Law
The College of Law for England and WalesBar training
Other boards
Pafilia Group Governing Council
Known for
Executive DirectorSales & marketingQualified lawyerJoined family business 2001
The company was founded by my father and is the best-established developer on the island. Business Focus 21 Nov 2023https://businessfocus.org.uk/interview-with-evangelia-eliadou-executive-director-pafilia-property-developers-cyprus/

Sources: education

CONTRACTORdate not shown in source

Minthis Story | Minthis Resort

Minthis Resort
Evangelia’s international outlook comes from studying Commercial and Corporate Law at London’s prestigious Kings College University as well as completing the Bar Association at The College of Law for England and Wales.
value seen: King’s College London; Commercial and Corporate Law
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.minthisresort.com/our-story/

Sources: education

CONTRACTORdate not shown in source

Minthis Story | Minthis Resort

Minthis Resort
Evangelia’s international outlook comes from studying Commercial and Corporate Law at London’s prestigious Kings College University as well as completing the Bar Association at The College of Law for England and Wales.
value seen: The College of Law for England and Wales; Bar training
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.minthisresort.com/our-story/

Sources: other boards

CONTRACTORdate not shown in source

Minthis Story | Minthis Resort

Minthis Resort
as a key member of the Governing Council
value seen: Pafilia Group Governing Council
held out of the figures · the quote does not carry this value
https://www.minthisresort.com/our-story/

Sources: quote

PRESS2023-11-21

Interview with Evangelia Eliadou, Executive Director, Pafilia Property Developers, Cyprus

Business Focus
The company was founded by my father and is the best-established developer on the island.
value seen: The company was founded by my father and is the best-established developer on the island.
https://businessfocus.org.uk/interview-with-evangelia-eliadou-executive-director-pafilia-property-developers-cyprus/

Sources: quote

PRESS2023-11-21

Interview with Evangelia Eliadou, Executive Director, Pafilia Property Developers, Cyprus

Business Focus
We’ve delivered more than 2,000 projects.
value seen: We’ve delivered more than 2,000 projects.
https://businessfocus.org.uk/interview-with-evangelia-eliadou-executive-director-pafilia-property-developers-cyprus/

Sources: since

CONTRACTORdate not shown in source

Minthis Story | Minthis Resort

Minthis Resort
The daughter of Mr Eliades, Pafilia’s founder, Evangelia proudly joined the family business in 2001
value seen: 2001
https://www.minthisresort.com/our-story/

Sources: summary

CONTRACTORdate not shown in source

Minthis Story | Minthis Resort

Minthis Resort
Executive Director, Evangelia Eliadou leads Pafilia’s sales and marketing endeavours and, as a key member of the Governing Council, helps drive the development of the company’s strategic objectives and global growth.
value seen: Executive Director, Evangelia Eliadou leads Pafilia’s sales and marketing endeavours and, as a key member of the Governing Council, helps drive the development of the company’s strategic objectives and global growth.
value paraphrased from this source
https://www.minthisresort.com/our-story/

Sources: tags

COMPANYdate not shown in source

About Us - Pafilia

Pafilia
## EVANGELIA ELIADOU Executive Director
value seen: Executive Director
https://www.pafilia.com/about-us/

Sources: tags

CONTRACTORdate not shown in source

Minthis Story | Minthis Resort

Minthis Resort
leads Pafilia’s sales and marketing endeavours
value seen: Sales & marketing
held out of the figures · the quote does not carry this value
https://www.minthisresort.com/our-story/

Sources: tags

CONTRACTORdate not shown in source

Minthis Story | Minthis Resort

Minthis Resort
A qualified lawyer
value seen: Qualified lawyer
https://www.minthisresort.com/our-story/

Sources: tags

CONTRACTORdate not shown in source

Minthis Story | Minthis Resort

Minthis Resort
joined the family business in 2001
value seen: Joined family business 2001
https://www.minthisresort.com/our-story/

Sources: title

COMPANYdate not shown in source

About Us - Pafilia

Pafilia
## EVANGELIA ELIADOU Executive Director
value seen: Executive Director
https://www.pafilia.com/about-us/
DA
Demetris Ashiotis
Demetris Ashiotis is an Executive Director with financial and investment responsibilities at Pafilia. His documented background runs from chartered accountancy at PwC and finance leadership at GlobalSoft to founding an accounting and auditing firm; the Minthis profile also records outside developer and chamber board roles.
Current title
Executive Director
Experience
no career length stated
Companies before
GlobalSoftCoopers & Lybrand
Education
University of SouthamptonBachelor of Science, Business Economics
Other boards
Board of Cyprus Chamber of Commerce and IndustryBoard of Cyprus Association of Developers
Known for
Executive DirectorFinanceex-PwCFounded accounting firm
https://linkedin.com/in/demetris-ashiotis-84733447

Sources: linkedin page

SOCIALdate not shown in source

Demetris Ashiotis

LinkedIn
# Demetris Ashiotis Executive Director
value seen: https://linkedin.com/in/demetris-ashiotis-84733447
https://linkedin.com/in/demetris-ashiotis-84733447

Sources: summary

CONTRACTORdate not shown in source

Minthis Story | Minthis Resort

Minthis Resort
Demetris Ashiotis brings indispensable financial expertise to his role as executive director of Pafilia Group. Since his first job as a chartered accountant at PwC, he has established a reputation as a leader in his field, taking on the role of financial director for several companies across a selection of key industries.
value seen: Demetris Ashiotis is an Executive Director with financial and investment responsibilities at Pafilia. His documented background runs from chartered accountancy at PwC and finance leadership at GlobalSoft to founding an accounting and auditing firm; the Minthis profile also records outside developer and chamber board roles.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.minthisresort.com/our-story/

Sources: title

COMPANYdate not shown in source

About Us - Pafilia

Pafilia
## DEMETRIS ASHIOTIS Executive Director
value seen: Executive Director
https://www.pafilia.com/about-us/
KC
Kyriaki Christodoulou
Kyriaki Christodoulou is Pafilia’s Group Finance Director. She is a qualified chartered accountant with prior senior-manager experience at PwC and a quantity-surveying degree from Reading.
Current title
Group Finance Director
since Feb 2024
Experience
no career length stated
Companies before
PwC CyprusPwC UK
Education
University of ReadingBachelor’s Degree in Quantity Surveying
Other boards
none sourced
Known for
Group Finance DirectorChartered Accountantex-PwCQuantity surveying
https://linkedin.com/in/kyriaki-christodoulou-36984629

Sources: education

COMPANYdate not shown in source

The People - Our Team

Pafilia
Kyriaki holds a Bachelor’s Degree in Quantity Surveying from the University of Reading in the United Kingdom.
value seen: University of Reading; Bachelor’s Degree in Quantity Surveying
held out of the figures · the quote does not carry this value
https://www.pafilia.com/the-people/

Sources: linkedin page

SOCIALdate not shown in source

Kyriaki Christodoulou

LinkedIn
# Kyriaki Christodoulou
value seen: https://linkedin.com/in/kyriaki-christodoulou-36984629
https://linkedin.com/in/kyriaki-christodoulou-36984629

Sources: previous companies

SOCIALdate not shown in source

Kyriaki Christodoulou

LinkedIn
### Senior Manager - [PwC Cyprus]
value seen: PwC Cyprus
https://linkedin.com/in/kyriaki-christodoulou-36984629

Sources: previous companies

SOCIALdate not shown in source

Kyriaki Christodoulou

LinkedIn
### Senior Manager Jul 2019 - Jun 2020
value seen: PwC UK
held out of the figures · the quote does not carry this value
https://linkedin.com/in/kyriaki-christodoulou-36984629

Sources: since

SOCIALdate not shown in source

Kyriaki Christodoulou

LinkedIn
#### Group Finance Director (Current) Feb 2024 - Present
value seen: Feb 2024
https://linkedin.com/in/kyriaki-christodoulou-36984629

Sources: summary

COMPANYdate not shown in source

The People - Our Team

Pafilia
Kyriaki holds a Bachelor’s Degree in Quantity Surveying from the University of Reading in the United Kingdom. Additionally, she is a qualified Chartered Accountant, having attained certification in 2014 while working at PricewaterhouseCoopers (PwC).
value seen: Kyriaki Christodoulou is Pafilia’s Group Finance Director. She is a qualified chartered accountant with prior senior-manager experience at PwC and a quantity-surveying degree from Reading.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.pafilia.com/the-people/

Sources: tags

COMPANYdate not shown in source

The People - Our Team

Pafilia
Kyriaki Christodoulou Group Finance Director
value seen: Group Finance Director
https://www.pafilia.com/the-people/

Sources: tags

COMPANYdate not shown in source

The People - Our Team

Pafilia
she is a qualified Chartered Accountant
value seen: Chartered Accountant
https://www.pafilia.com/the-people/

Sources: tags

COMPANYdate not shown in source

The People - Our Team

Pafilia
while working at PricewaterhouseCoopers (PwC)
value seen: ex-PwC
held out of the figures · the quote does not carry this value
https://www.pafilia.com/the-people/

Sources: tags

COMPANYdate not shown in source

The People - Our Team

Pafilia
Bachelor’s Degree in Quantity Surveying
value seen: Quantity surveying
https://www.pafilia.com/the-people/

Sources: title

COMPANYdate not shown in source

The People - Our Team

Pafilia
Kyriaki Christodoulou Group Finance Director
value seen: Group Finance Director
https://www.pafilia.com/the-people/
SS
Simos Simillides
Simos Simillides is Pafilia’s Commercial Director, responsible for commercial growth, sales and international market development. Before Pafilia he ran S&S Enterprises, which operated restaurants and beachfront apartments; his education combines hospitality management with an MBA.
Current title
Commercial Director
since Dec 2000
Experience
25+ years at pafilia
Companies before
S&S Enterprises Ltd
Education
Nova Southeastern UniversityMBA, Business Administration
Florida International UniversityBachelor of Arts, Hospitality Management
Other boards
none sourced
Known for
Commercial DirectorInternational salesHospitality management
https://linkedin.com/in/simossimillides

Sources: education

SOCIALdate not shown in source

Simos Simillides

LinkedIn
### MBA, Business Administration at [Nova Southeastern University]
value seen: Nova Southeastern University; MBA, Business Administration
held out of the figures · the quote does not carry this value
https://linkedin.com/in/simossimillides

Sources: education

SOCIALdate not shown in source

Simos Simillides

LinkedIn
### Bachelor of Arts, Hospitality Management at [Florida International University]
value seen: Florida International University; Bachelor of Arts, Hospitality Management
held out of the figures · the quote does not carry this value
https://linkedin.com/in/simossimillides

Sources: linkedin page

SOCIALdate not shown in source

Simos Simillides

LinkedIn
# Simos Simillides
value seen: https://linkedin.com/in/simossimillides
https://linkedin.com/in/simossimillides

Sources: previous companies

SOCIALdate not shown in source

Simos Simillides

LinkedIn
### Managing Director - S&S Enterprises Ltd
value seen: S&S Enterprises Ltd
https://linkedin.com/in/simossimillides

Sources: since

SOCIALdate not shown in source

Simos Simillides

LinkedIn
### Commercial Director - [Pafilia] (Current) Dec 2000 - Present
value seen: Dec 2000
https://linkedin.com/in/simossimillides

Sources: summary

COMPANYdate not shown in source

The People - Our Team

Pafilia
His mission as Commercial Director is to maintain Pafilia’s position as the Market Leader in Real Estate sales in Cyprus. He manages a multicultural team based in offices across the world, with the aim to penetrate new markets.
value seen: Simos Simillides is Pafilia’s Commercial Director, responsible for commercial growth, sales and international market development. Before Pafilia he ran S&S Enterprises, which operated restaurants and beachfront apartments; his education combines hospitality management with an MBA.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.pafilia.com/the-people/

Sources: tags

COMPANYdate not shown in source

The People - Our Team

Pafilia
Simos Simillides Commercial Director
value seen: Commercial Director
https://www.pafilia.com/the-people/

Sources: tags

COMPANYdate not shown in source

The People - Our Team

Pafilia
maintain Pafilia’s position as the Market Leader in Real Estate sales in Cyprus
value seen: International sales
held out of the figures · the quote does not carry this value
https://www.pafilia.com/the-people/

Sources: tags

SOCIALdate not shown in source

Simos Simillides

LinkedIn
Dec 2000 - Present
value seen: 25+ yrs at Pafilia
held out of the figures · the quote does not carry this value
https://linkedin.com/in/simossimillides

Sources: tags

COMPANYdate not shown in source

The People - Our Team

Pafilia
Bachelor of Arts, Hospitality Management
value seen: Hospitality management
https://www.pafilia.com/the-people/

Sources: title

COMPANYdate not shown in source

The People - Our Team

Pafilia
Simos Simillides Commercial Director
value seen: Commercial Director
https://www.pafilia.com/the-people/
AC
Alexis Charalambides
Alexis Charalambides is listed by Pafilia as Operations and Procurement Director and is responsible for procurement processes supporting construction projects. The company profile places him on the supervising teams for ONE and NEO in Limassol; an independent profile confirms a current Pafilia operations role.
Current title
Operations and Procurement Director
Experience
no career length stated
Companies before
none sourced
Education
University of SalfordBachelor’s Degree in Finance and Accounting
Sheffield Hallam UniversityMaster’s Degree in Organization Development
Other boards
none sourced
Known for
OperationsProcurementConstruction projectsONE and NEO supervision
https://www.linkedin.com/in/alexis-charalambides-258a6b183

Sources: education

COMPANYdate not shown in source

The People - Our Team

Pafilia
Alexis holds a Bachelor’s Degree in Finance and Accounting from the University of Salford UK.
value seen: University of Salford; Bachelor’s Degree in Finance and Accounting
held out of the figures · the quote does not carry this value
https://www.pafilia.com/the-people/

Sources: education

COMPANYdate not shown in source

The People - Our Team

Pafilia
Alexis holds a Master’s Degree in Organization Development from the Sheffield Hallam University UK.
value seen: Sheffield Hallam University; Master’s Degree in Organization Development
held out of the figures · the quote does not carry this value
https://www.pafilia.com/the-people/

Sources: linkedin page

SOCIALdate not shown in source

Alexis Charalambides

LinkedIn
### Operations Manager - [Pafilia] (Current)
value seen: https://www.linkedin.com/in/alexis-charalambides-258a6b183
https://www.linkedin.com/in/alexis-charalambides-258a6b183

Sources: summary

COMPANYdate not shown in source

The People - Our Team

Pafilia
As Group Procurement Manager, Alexis is responsible for the smooth implementation of procurement processes related to all construction projects according to the specific requirements and specifications necessary for the proper execution of Works.
value seen: Alexis Charalambides is listed by Pafilia as Operations and Procurement Director and is responsible for procurement processes supporting construction projects. The company profile places him on the supervising teams for ONE and NEO in Limassol; an independent profile confirms a current Pafilia operations role.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.pafilia.com/the-people/

Sources: tags

COMPANYdate not shown in source

The People - Our Team

Pafilia
Alexis Charalambides Operations and Procurement Director
value seen: Operations
https://www.pafilia.com/the-people/

Sources: tags

COMPANYdate not shown in source

The People - Our Team

Pafilia
As Group Procurement Manager, Alexis is responsible for the smooth implementation of procurement processes
value seen: Procurement
https://www.pafilia.com/the-people/

Sources: tags

COMPANYdate not shown in source

The People - Our Team

Pafilia
related to all construction projects
value seen: Construction projects
https://www.pafilia.com/the-people/

Sources: tags

COMPANYdate not shown in source

The People - Our Team

Pafilia
supervising teams for the works associated to the construction of ONE and NEO Limassol projects
value seen: ONE and NEO supervision
held out of the figures · the quote does not carry this value
https://www.pafilia.com/the-people/

Sources: title

COMPANYdate not shown in source

The People - Our Team

Pafilia
Alexis Charalambides Operations and Procurement Director
value seen: Operations and Procurement Director
https://www.pafilia.com/the-people/

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 1 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

7 projects
ProjectLocationTypeUnitsFloorsAreaCostPayment planLaunchedConstruction startOriginal targetHandoverDelayConfidenceStatus
Aria ResidencesAgios Tychonas, Cyprus
residential for sale————————May 2023—not scorablecompleted
Minthis Wellness SpaCyprus
other————40/601——Jan 2021 – Dec 2021Oct 2022+15.5 mo
(+10.0 to +21.0)
sourcedcompleted
The PlateiaCyprus
mixed use————————Jan 2022 – Dec 2022—not scorablecompleted
ONELimassol, Cyprus
residential for sale83137—EUR 77m
estimated cost
40% / 55% / 5%12017January 2017Jan 2019 – Dec 2019Jan 2021 – Dec 2021+24.0 mo
(+13.0 to +35.0)
sourcedcompleted
Konia Park 2Konia, Cyprus
residential for sale161———————Dec 2020—not scorablecompleted
Amaya ResidencesPaphos, Cyprus
residential for sale2915———20192019-02-28—May 2020—not scorablecompleted
DomusTala, Cyprus
residential for sale—————2017June 28, 2017Dec 2018Jan 2018 – Dec 2018−5.5 mo
(−11.0 to 0.0)
sourcedcompleted
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

7 found
PROJECT AWARD Winner 2025–2026 (reported November 3, 2025)
Best Leisure Development in Cyprus · Minthis
Minthis received the Five-Star Award for Best Leisure Development in Cyprus at the International Property Awards 2025–2026; the recognition was reported by Cyprus Mail, which identifies Pafilia as the developer.
PROJECT AWARD Winner 2025–2026 (reported November 3, 2025)
Best Apartment/Condominium Development in Cyprus · ONE
ONE, Pafilia’s Limassol seafront development, was named Best Apartment/Condominium Development in Cyprus at the International Property Awards 2025–2026.
PROJECT AWARD Winner 2024–2025
Best Residential Property in Cyprus · Minthis Topos Residence
The developer reports that Minthis Topos Residence received the Award Winner title for Best Residential Property in Cyprus at the International Property Awards 2024–2025.
PROJECT AWARD Winner 2024–2025
Five-Star Award in Mixed-Use Development · Minthis
The developer reports that Minthis secured a Five-Star Award in the Mixed-Use Development category at the International Property Awards 2024–2025.
PROJECT AWARD Winner 2020–2021 (reported March 29, 2021)
Best Leisure Development in Europe · Minthis
Minthis was awarded Best Leisure Development in Europe for 2020–2021 after winning the Cyprus category and advancing to the European-level award.
SUSTAINABILITY 2021 (presented April 12, 2022)
Sustainable Energy and Water Management / Renewable Energy Sources / Recycling / Waste Management / Environmental Footprint · Minthis
Minthis received a Bronze Award in the sustainability category at the Cyprus Tourism Awards 2021 for work achieved on its golf course.
PROJECT AWARD Winner 2017–2018 (reported December 15, 2017)
Best Leisure Development in Cyprus · Minthis Hills
Minthis Hills, identified as a Pafilia Property Developers project, received a Five-Star European Property Award for Best Leisure Development in Cyprus in the 2017–2018 awards cycle.

Risks

Risk flags

5 found
REGULATORY Decision dated September 9, 2016; hierarchical appeal decision dated April 16, 2019; underlying sale dated December 20, 2007.
Cyprus’s Consumer Protection Service found that Pafilia had sold an apartment before obtaining the building permit, failed to disclose a pre-existing mortgage and omitted material legal information from its contract and promotional material; despite Pafilia’s denials and explanations, the authority imposed a €100,000 administrative fine, and the company’s 2019 hierarchical appeal is documented in the same decision record.
PROJECT CANCELLED Reported October 26, 2018.
Pafilia withdrew from the Paphos marina tender after prolonged litigation and delay prevented award and execution of the project; the company said the tender should be reissued, so this records withdrawal from that proposed project rather than a finding that Pafilia abandoned an already-built development.
DELIVERY DELAY 2018-10-26 withdrawal; 2023-12-29 report on non-start; research position 2026-10-10
Paphos Marina at Potima/Kissonerga: Pafilia Property Developers withdrew from the tender in October 2018 after the decade-long process remained blocked by litigation; later reporting said construction expected for end-2021 never started, while the project was relaunched for a new concession rather than completed by 10 October 2026.
DELIVERY DELAY Original commitments published 2019; on-ice report 2021-11-05; later status reported 2025-09-27
Limassol NEO: Pafilia Property Developers’ original project material forecast first-phase completion in 2023 and second-phase delivery in 2025, but a 2021 report described the construction site as underperforming and the project as temporarily on ice for redesign; a 2025 listing still described construction as only about to commence, indicating the published commitments were not met, although the project may have been revised or restarted.
REGULATORY 2016-09-27
Pafilia Developers was fined €100,000 by Cyprus’s consumer-protection service in September 2016 after it found unfair and misleading practices in the sale of a flat, including withholding that the property was mortgaged; the report also records buyers’ continuing title-deed concern, without establishing that every affected matter remained unresolved by 2026.

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.