← All developerspart of Consortium of Prosperity Group CY Ltd + REM International (Cyprus) Ltd; related names Kition Ocean Port Ltd and Kition Ocean Real Estates Ltd appear in open sources as part of the same group of structures.
How to check this property's title deed
K
Larnaca
Kition Ocean Holding
SPV / standalone projectDeep-researched
14 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.
Portfolio scale
- Founded
- Legal entity KITION OCEAN HOLDINGS LTD (HE389988) incorporated 18.10.2018 as the SPV of a consortium formed by Prosperity Group CY Ltd + REM International (Cyprus) Ltd; the Larnaca port/marina concession was awarded via tender in 2020; a symbolic works-launch ceremony took place 04.2022.
- Claimed projects
- 1 mega-project (SPV) — the unified concession covering the port, marina and adjoining real-estate development in Larnaca.
- Shown in dataset
- 2
Claimed (per company materials and press coverage, NOT built): €1.2bn investment; port — 2,400m of new quays; marina — 600+ berths for yachts 10-130m; real estate — roughly 330,000-510,000 sqm (6 residential towers up to 13 floors, 9 office buildings up to 15 floors, 2 hotels, a retail park, marina-front villas).
SuperyachtNews — Inside the €1.2 billion Larnaca Port and Marina ProjectContact information
- Address
- Larnaca Port Passengers Terminal, 6-8 Georgiou Vizyinou Street, 6017 Larnaca
- City
- Larnaca
- Phone
- +357 24 332 000
- Website
- —
- Opening hours
- —
- Founded
- 2018
Projects (2)
Unified Larnaca port and marina concession (infrastructure)
Larnaca (port and marina)
A concession project for the redevelopment of Larnaca's port and marina.
Cyprus Mail, 27.05.2024 — 'Govt scraps Larnaca marina project'CBN, 27.05.2024 — 'Government terminates €1.2 billion Larnaca marina and port contract with Kition'Maritime Executive — 'Cyprus Terminates Larnaca Port Concession Over Development Dispute'Cyprus Mail, 23.07.2024 — 'Kition lambasts government over Larnaca marina revamp'Cyprus Mail, 06.02.2025 — 'Legal ruling pending on Kition's port bid'Cyprus Mail, 15.05.2026 — 'Ports authority to undertake Larnaca port, marina redevelopment projects'Cyprus Mail, 02.05.2026 — 'Vafeades defends separate but parallel Larnaca port and marina redevelopment'Cyprus Mail, 09.01.2026 — 'Kition CEO demands revival of stalled Larnaca Marina project'Cyprus Mail, 21.02.2026 — 'Larnaca municipality dismayed by Vafeades' port proposals'
Real-estate component (residential/office/hotel/retail within the port and marina precinct)
Larnaca, port and marina precinct
A planned mixed-use development on the Larnaca port and marina site (~330,000-510,000 sqm): 6 residential towers up to 13 storeys, 9 office buildings up to 15 storeys, 2 hotels, a retail park and marina-front villas.
Cyprus Mail, 04.05.2024 — editorial 'Our View: Kition Ocean Holdings cannot be trusted'Cyprus Pulse — 'Larnaca | The New Port & Marina In Development'NavInvest Cyprus — 'Update on the EUR 1.2 billion Larnaca Port & Marina Development Project'INDEX.cy — Kition Ocean Holding developer profileDOM.com.cy — Kition Ocean Holding developer profile, Larnaca
Extended dossier
Corporate structure
- Founded
- 18.10.2018 (legal entity KITION OCEAN HOLDINGS LTD, HE389988); the concession tender was awarded in 2020
- CEO
- Panos Alexandrou was identified as CEO in 2020-2023 interviews (CBN); coverage of the 2024 termination dispute refers to Oliver Corlette as the company's CEO/spokesperson — the exact date of the leadership change was not independently established in this pass.
- Owners
- Consortium of Prosperity Group CY Ltd (Cyprus, linked to Alexandrou Corporate Services Ltd) + REM International (Cyprus) Ltd (Israel, REM/Eldeman group); per Mayfair Cyprus reporting, Aroundtown SA (a large Frankfurt-listed European REIT) later acquired a stake.
| Legal entity | Registration | Address / note |
|---|---|---|
| KITION OCEAN HOLDINGS LTD | HE389988 | Artemidos & Nikou Dimitriou, 54B, Scanner Avenue Tower, 4th floor, 6031 Larnaca, Cyprus · Main concession-holder legal entity. Incorporated 18.10.2018 — confirmed via 2 independent registry mirrors (cyprusregistry.com and i-cyprus.com), which agree on the incorporation date, directors and secretary. Directors: Antonis Chatzidimosthenous, Tzelena Afxentiou, Kostas Christofidis. Secretary: Casimia Limited. Status on both mirrors: 'Active'. |
| KITION OCEAN PORT LTD | HE389831 | Artemidos & Nikou Dimitriou, 54B, Scanner Avenue Tower, 4th floor, 6031 Larnaca, Cyprus · A direct query to cyprusregistry.com (previously CAPTCHA-blocked) confirms the number, status Active, registered 15.10.2018, and the same directors and secretary as Kition Ocean Holdings Ltd (Antonis Chatzidimosthenous, Tzelena Afxentiou, Kostas Christofidis; secretary — Casimia Limited). The registered address per the registry matches Kition Ocean Holdings Ltd's address (Scanner Avenue Tower, Larnaca). |
| PROSPERITY GROUP CY LTD | HE357717 | Omirou 76, Alexandrou Business Centre, Mesa Geitonia 3096, Limassol, Cyprus · The Cyprus-side consortium partner, registered 11.07.2016, status Active; director — the legal entity Alexandrou Corporate Directors Limited, secretary — Alexandrou Corporate Secretaries Limited, which directly confirms the link to Alexandrou Corporate Services Ltd (CySEC-licensed) reported by CBN/DOM. |