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
- Karantokis Group — since 1940; Medcon Construction claims a 1956 founding on several secondary sources, while medcon.com.cy itself states "incorporated in 1966"; the legal entity Medcon Construction Limited was registered 03.03.1971 (HE3484) — the date discrepancy is unresolved
- Claimed projects
- 700+ completed projects over 70+ years (construction, civil engineering, development, public and private sectors) — a company claim, not fully independently audited
- Shown in dataset
- 3
a large, diversified family holding (state construction contracts, hospitality, property management), but its current residential portfolio for private buyers consists of just ONE active project — Alakati Residences (25 units)
Karantokis Group — ConstructionContact information
- Address
- 1 Dositheou Street, 1071 Nicosia
- City
- Nicosia
- Phone
- +357 22 265 000
- Website
- medcon.com.cy
- Opening hours
- Mon-Thu 08:00-13:00,14:00-17:00, Fri 08:00-14:00
- Founded
- —
Projects (3)
Alakati Residences
Lakatamia (Nicosia suburb)
A residential complex of 25 townhouses and houses in Lakatamia, a Nicosia suburb.
Strovolos Industrial Estate Interchange (reference only, not for scoring)
Strovolos, Nicosia
A road interchange in the Strovolos industrial estate, built under a government contract.
Limassol General Hospital (reference only, not for scoring)
Limassol
A general hospital building in Limassol, built under a government contract.
Extended dossier
Corporate structure
- Founded
- Karantokis Group — 1940; Medcon Construction — 1956/1966 (source discrepancy); the entity was registered 03.03.1971
- CEO
- Dimitra Karantoki — CEO of the group (daughter of founder Nikos Karantokis); direct confirmation of the CEO role found (08.2026)
- Owners
- The Karantoki family (3rd generation); management of the entities also includes members of the Pieridis family (Rebekka, Petros, Stefanos) and Kostas Koronis — the exact ownership structure isn't publicly disclosed
| Legal entity | Registration | Address / note |
|---|---|---|
| Medcon Construction Limited | HE3484 | 1 Dositheou Street, Karantokis Building, 3rd floor, 1071 Nicosia · The group's main construction/contracting entity; registered 03.03.1971, status Active. Directors: Rebekka Pieridi, Petros Pieridis, Stefanos Pieridis, Kostas Koronis, Dimitra Karantoki; secretary — Stefanos Pieridis. |
| Medcon Construction (Middle East) Limited | HE321258 | 1 Dositheou Street, Karantokis Building, 1071 Nicosia · Registered 04.04.2013, status Active; directors Dimitra Karantoki and Stefanos Pieridis. |
| Karantokis Construction Company Limited | HE357910 | 1 Dositheou Street, Karantokis Building, 1071 Nicosia · Registered 15.07.2016, status Active; director and secretary — Stefanos Pieridis; its exact function relative to Medcon isn't established. |
| K. Karantokis Development Ltd | HE185972 | Kleomenous 2, 2nd floor, 1061 Nicosia · An earlier development entity, registered 21.10.2006, status Dissolved. Director Kyriakos Karantokis; its link to current projects is unconfirmed. |