Limassol

Crona Group

Mid-tierDeep-researched

9 documented items

9 documented items for Crona Group in Cyprus: projects, company records and links to public sources.

At a glance

Headquarters in the database: Limassol
Project records: 6
Legal entities with sources: 3
Links to public sources: 25

Counts describe the coverage of our records, not construction quality or a complete company portfolio.

This is factual material from public sources, collected by the editorial team — not the opinion of an expert, not a financial rating, and not a "good/bad developer" judgment. Mentions of court cases, investigations, or individual findings below are not an accusation of wrongdoing; see the legal disclaimer for more.

Extended dossier

Corporate structure

Founded: Company claim — 2007 (not confirmed by the registry)
CEO: Not conclusively established. CRONA DEVELOPMENT LTD's directors: Agathoklis Tsiakkas and Alexei Masmanov.
Owners: Not disclosed (shareholder data is closed in free public registry access)
Countries: Cyprus, UAE (a Dubai office is claimed on cronagroup.com, not independently confirmed)

Legal entity	Registration	Address / note
CRONA DEVELOPMENT LTD	HE 375471	Amathountos 74, Agios Tychonas 4532, Limassol · Registered 30.10.2017, active; the group's development arm. Directors: Agathoklis Tsiakkas and Alexei Masmanov. Secretary — XCORP MANAGEMENT LTD. CyprusRegistry: Crona Development Ltd (HE 375471)
CRONA CONSTRUCTION LIMITED	HE 263667	Aristeidi Tziamali 10, Paphos 8036 · The exact legal name per the registry is "CRONA THERM CONSTRUCTION LIMITED" (listed above as "Crona Construction Limited"). Registered 08.03.2010, status Active; holds the A' A' construction licence. Director Alexei Masmanov matches a director of Crona Development Ltd, confirming the group link; the registry also lists directors/secretaries Michael Mazmanidis, Foteini Mazmanidou, and Vitalios Kretsetov. CyprusRegistry: Crona Therm Construction Limited (HE 263667)
CRONA FUND RAIF V.C.I.C. PLC	CySEC RAIF179 / HE 455434	n/a · The legal entity (HE 455434) was registered with the Registrar of Companies on 15.01.2024, status Active; its CySEC RAIF authorization followed on 11.03.2024 (a separate, later regulatory event distinct from incorporation). Secretary XCORP MANAGEMENT LTD matches Crona Development Ltd's secretary, and director Agathoklis Tsiakkas also matches — both facts confirm it belongs to the same group. Registered address — Amathountos 74, Agios Tychonas 4532, Limassol (same as Crona Development Ltd). Structural detail (08.2026, from the external manager's page): the fund comprises three sub-funds — Crona Income Fund, Crona Development Fund, and Crona Hospitality Fund — managed by Eleon Capital Management Ltd; Eurobank Cyprus is the depositary; Grant Thornton Funds Services (Cyprus) is the administrator. CyprusRegistry: Crona Fund RAIF V.C.I.C. PLC (HE 455434)Eleon Capital — Crona Fund page

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Portfolio scale

Founded: Company claim — 2007 (not confirmed by the registry); the earliest registered group entity by date is Crona Construction Limited, HE 263667, registered 08.03.2010 (Paphos)
Claimed projects: 50+ completed projects (company claim); the site showed roughly 18 properties as of 07.2026, plus contract work outside its own portfolio (e.g. Sunmar Residence)
Shown in dataset: 6

16-18 current/completed residential complexes in Limassol and Paphos, plus contract construction of a 25-storey tower (Sunmar Residence, 116 m)

cronagroup.com/about