Nicosia/Limassol
Cybarco Development / Lanitis Development (Lanitis Group)
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.
Additional verified data
Construction contractor license
Cybarco Contracting Limited (HE 196, registered 18.06.1945) is directly listed in the catalog of the Nicosia District Building Contractors Council (contractorscouncil.org.cy) under category 'Οικοδομικά', row 114, case no. 3079/1983/ΛΕΥ — the name exactly matches the group's known legal entity. Cross-checking against the official Cyprus companies registry (cyprusregistry.com/companies/HE/196) confirms the match: the registered legal address in Limassol (Γεωργίου Γενναδίου 10, Agathaggelos Court) and the operational address/phone in the Dali Industrial Zone, Nicosia (+357 22 741300) appear simultaneously in the registry, on the official website cybarco.com/contact-us, and in the Dun & Bradstreet directory. The discrepancy between the legal address (Limassol) and the operational address (Dali, Nicosia) is typical for large contractors and gives no reason to doubt the identity of the record. The full score is awarded — 40/40.
- Cyprus Council for Registration & Control of Building/Technical Contractors — Nicosia "Οικοδομικά" catalog, row 114, Αρ. Φακ. 3079/1983/ΛΕΥ (pre-resolved, not re-fetched)
- CYBARCO CONTRACTING LIMITED — Cyprus Registry (HE196, reg. 18/06/1945, address cross-check)
- Cybarco — Contact Us (phone/address cross-check: +357 22 741300, Dali Industrial Zone, Nicosia)
- CYBARCO CONTRACTING LIMITED — Dun & Bradstreet profile (Dali, Nicosia address confirmation)
Legal entity
All four known legal entities of the group were found in the Cyprus companies registry: Cybarco Contracting Ltd (HE196, 1945), Cybarco Development Ltd (HE251690, 29.06.2009), Cybarco Holdings Ltd (HE250416), and the parent Lanitis E.C. Holdings Ltd (HE506, 14.02.1952). The directors of the operating companies are real, named representatives of the Lanitis family and their long-standing partners (Platon E. Lanitis, Nicolas M. Lanitis, Evagoras Lanitis/Eliades, Marios Lanitis, Kostas Charitou, Michalis Chatzipanagiotou) — the same names (Platon E. Lanitis, Nicolas M. Lanitis, Evagoras Eliades, Costas Charitou) are publicly listed on the group's board-of-directors page lanitis.com/en/lanitis-e-c-holdings/board-of-directors, meaning the controlling individuals are disclosed not only by the registry but also by the group itself (10/10). The group's structure (Lanitis E.C. Holdings → Cybarco Holdings → Cybarco Development / Cybarco Contracting) is generally explained on the group's own resources: lanitis.com directly calls Cybarco Holdings Ltd a 'subsidiary' company, and cybarco.com describes the split into Development and Contracting and its membership in the Lanitis Group; however, a third site of the group, nplanitis.com, calls Cybarco only an 'associated' company, not a subsidiary, of N.P. Lanitis Ltd — a minor terminological inconsistency between the group's own resources, but not critical to understanding the structure (10/10, with this caveat). Cybarco Contracting's overseas operations in Qatar, Bahrain, Kuwait, and Greece are openly acknowledged on cybarco.com/contracting (since 1992 in Bahrain, since 2005 in Qatar); no significant foreign layer is concealed (10/10). Total: 30/30.
- CYBARCO CONTRACTING LIMITED (HE196) — named directors incl. Platon E. Lanitis, Nicolas M. Lanitis, Evagoras Lanitis, Marios Lanitis, Kostas Charitou, Herakles Passiadis
- CYBARCO DEVELOPMENT LIMITED (HE251690) — named directors incl. Michalis Chatzipanagiotou, Evagoras K. Lanitis, Nikolas M. Lanitis, Katerina Lanitis, Kostas Charitou
- Lanitis E.C. Holdings Ltd — public Board of Directors page (same family names as registry)
- Lanitis E.C. Holdings — Subsidiaries: Cybarco Holdings Ltd
- Cybarco — About Us (Development/Contracting split, Lanitis Group membership)
- N.P. Lanitis Ltd — lists Cybarco as an "Associated Company" rather than subsidiary (minor cross-site inconsistency)
- Cybarco Contracting — presence/clients in Qatar, Bahrain, Kuwait, Greece disclosed (ops since 1992 Bahrain, 2005 Qatar)
Town planning permits
For the flagship completed project Trilogy Limassol Seafront (developer Cybarco Development, ~€300+ million, delivered in 2024), neither a specific building/town-planning permit number nor an institutional municipal/government document confirming its issuance specifically for this property was found. Cybarco's own materials (cybarco.com/news/trilogy-on-its-road-to-completion) and the business press (cbn.com.cy, dom.com.cy) contain only general developer statements that 'all permits have been obtained', or that documents have been 'submitted' to the Department of Town Planning; the DOM LiVE article mentions that the Department of Town Planning issued permits for 'five similar projects' across Limassol as a whole, but without linking to Cybarco's specific property and without a permit number. This corresponds to the 'only a general developer statement' tier — 10 points, not institutional third-party confirmation.
- Cybarco news — Trilogy on its road to completion (self-reported progress, no permit numbers)
- DOM LiVE — Developers no longer want to build skyscrapers in Limassol (general Town Planning Dept. commentary, not permit-specific)
- Cyprus Business News — Trilogy finishing touches (third-party press, no permit number)
Collected from public sources (contractor registry, company registry, press). A fact not found means "not found in public records," not "doesn't exist."
Portfolio scale
- Founded
- 1945
- Claimed projects
- 80 years of history (Lanitis Group)
- Shown in dataset
- 13
Trilogy, Limassol Marina, Limassol Greens, Aphrodite Hills (the group's resort); A-class contractor in 5 countries
Cyprus Profile: CybarcoContact information
- Address
- 8 Stasinou Ave, 5th Floor, Nicosia 1060
- City
- Nicosia
- Phone
- +357 22 741 500
- Website
- cybarco.com
- Opening hours
- —
- Founded
- —
Projects (13)
Trilogy Limassol Seafront
Limassol
A seafront residential complex in Limassol with an 18 m sky terrace; the second phase is named North Residences.
Limassol Marina (JV)
Limassol
A marina development in Limassol, a joint venture with J&P/Avax and other partners; the budget grew from €300 million to €400 million.
Limassol Greens (Cybarco sales)
West Limassol
A residential development with a golf course in West Limassol.
Akamas Bay Villas
Latchi, Paphos
A villa complex in Latchi, Paphos; the portfolio has grown to 47 villas.
Sea Gallery Villas
Limassol
A villa complex in Limassol, developed in 4 phases.
The Oval
Limassol
An office building in Limassol.
Attica/Attikis Residences
Aglantzia, Nicosia
A residential development in Aglantzia, Nicosia.
Aphrodite Hills Golf Resort
Kouklia, Paphos
Cyprus's first integrated golf resort, in Kouklia, Paphos.
Naftikos Residences
Limassol
A residential project in Limassol.
Aktea Residences 4
Limassol
The fourth phase of the Aktea Residences complex in Limassol.
Centro Limassol
Limassol
A residential/mixed-use project in Limassol.
Seaview Heights
Germasogeia, Limassol
A residential project in Germasogeia, Limassol.
Park Residences
Nicosia
A residential project in Nicosia.
Extended dossier
Corporate structure
- Founded
- 1945 (Cybarco Ltd); Lanitis Group — since 1896
- CEO
- Michalis Hadjipanayiotou (CEO of Cybarco Development; former chairman of LBDA)
- Owners
- the Lanitis family (4th generation; chairman Platon E. Lanitis)
| Legal entity | Registration | Address / note |
|---|---|---|
| Cybarco Development Ltd | HE 251690 | premium residential development |
| Cybarco Contracting Ltd | HE 196 | general contracting/infrastructure (Qatar, Bahrain, Kuwait, Greece) |
| Cybarco Holdings Ltd | HE 250416 | parent construction and development entity |
| Lanitis E.C. Holdings Ltd | HE 506 | group holding company (registered 1952); parent of N.P. Lanitis Ltd |