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.
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
- 5
16-18 current/completed residential complexes in Limassol and Paphos, plus contract construction of a 25-storey tower (Sunmar Residence, 116 m)
cronagroup.com/aboutContact information
- Address
- 21 Andrea Kariolou, Agios Athanasios, 4102 Limassol
- City
- Limassol
- Phone
- +357 25 055 962
- Website
- cronagroup.com
- Opening hours
- —
- Founded
- —
Projects (5)
Sunmar Residence (Sunmar Tower)
Limassol, Germasogeia
A 116 m residential tower (25 storeys, 81 units) in Germasogeia, Limassol.
Garden Square
Mouttagiaka, Limassol
A residential complex in Mouttagiaka, Limassol.
Ariadne (Ariadne Residence)
Agios Athanasios, Limassol
A residential complex in Agios Athanasios, Limassol.
Onyx Residence
Germasogeia, Limassol
A residential complex in Germasogeia, Limassol.
Additional projects outside the previously tracked list (Amissos, Autograph, Gateway Residences/Offices, Verno, Galea, Green Hills)
Limassol (Germasogeia, Mesa Geitonia, Kapsalos, Columbia, Pyrgos)
Seven additional Crona Group projects across various Limassol districts, not part of the previously tracked list.
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. |
| 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. |
| 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. |