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Nicosia/Limassol

Cybarco Development / Lanitis Development (Lanitis Group)

FlagshipDeep-researched
cybarco.com
24 documented items

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.

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.

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.

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: Cybarco

Contact information

Address
8 Stasinou Ave, 5th Floor, Nicosia 1060
City
Nicosia
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.

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.

Extended dossier

Corporate structure

part of Lanitis Group
Founded
1945 (Cybarco Ltd); Lanitis Group — since 1896
Countries
Cyprus, Qatar, Bahrain, Kuwait, Greece
Legal entityRegistrationAddress / note
Cybarco Development LtdHE 251690premium residential development
Cybarco Contracting LtdHE 196general contracting/infrastructure (Qatar, Bahrain, Kuwait, Greece)
Cybarco Holdings LtdHE 250416parent construction and development entity
Lanitis E.C. Holdings LtdHE 506group holding company (registered 1952); parent of N.P. Lanitis Ltd
How to check this property's title deed