Larnaca
Kition Ocean Holding
5 documented items for Kition Ocean Holding in Cyprus: projects, company records and links to public sources.
At a glance
- Headquarters in the database
- Larnaca
- Project records
- 2
- Legal entities with sources
- 3
- Links to public sources
- 20
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
- 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. |
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
Buyer reviews
Buyers' own opinions, not the site's editorial judgment — we don't compute or publish our own score or rank for developers.
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.
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.
Public sources
View 20 source links
- 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'
- 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 profile
- DOM.com.cy — Kition Ocean Holding developer profile, Larnaca
- CyprusRegistry: Kition Ocean Holdings Ltd (ΗΕ 389988)
- CyprusRegistry: Kition Ocean Port Ltd (ΗΕ 389831)
- CyprusRegistry: Prosperity Group CY Ltd (HE 357717)
- CBN — 'Larnaca Marina/Port: Panos Alexandrou responds to concerns on its completion'
- Cyprus Mail, 09.04.2024 — 'Larnaca port developer takes government to court' (CEO Oliver Corlette)
- SuperyachtNews — Inside the €1.2 billion Larnaca Port and Marina Project