Paphos

Reiwa Development

Mid-tierDeep-researched

10 documented items

10 documented items for Reiwa Development in Cyprus: projects, company records and links to public sources.

At a glance

Headquarters in the database: Paphos
Project records: 5
Legal entities with sources: 5
Links to public sources: 14

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

part of Operates through a cluster of similarly-named entities sharing the same director/secretary (Ellada Tsartsidou): REIWA CAPITAL LTD (HE 397628, inc. 13/05/2019), REIWA GROUP LTD (HE 451310, inc. 14/09/2023), REIWA DEVELOPMENT LTD (HE 466673, inc. 22/10/2024), and REIWA PROPERTIES LTD (HE 459781, inc. 10/05/2024) — all four at the same Paphos address (Ellados 56, Ioannou Court). A fifth entity, REIWA INVESTMENTS LTD (HE 437808, inc. 29/08/2022), is confirmed via cyprusregistry.com — same director/secretary Ellada Tsartsidou, but a different, Limassol registered address (Dimitri Psatha 26, Kapsalos 3081, Limassol), which does not fit the Paphos geographic cluster of the other four.

Founded: Marketing claims 25 years of real estate investment/advisory experience under the broader 'Reiwa' brand; the entity that appears to actually operate as the developer, REIWA DEVELOPMENT LTD (HE 466673), was registered only on 22/10/2024.
CEO: No individual is publicly identified with a CEO/managing-director title. Ellada Tsartsidou is the consistent registered Director and Secretary across all five confirmed Reiwa entities; Aleksander Kanter appears as an additional director on REIWA GROUP LTD, and Roman Korytskyy on REIWA PROPERTIES LTD.
Owners: Ultimate beneficial ownership is not independently confirmed — shareholder data is redacted/paywalled on every registry mirror checked (cyprusregistry.com, i-cyprus.com).
Countries: Cyprus

Legal entity	Registration	Address / note
REIWA DEVELOPMENT LTD	HE 466673 (incorporated 22/10/2024, status Active)	Ellados 56, Ioannou Court, Shop 1, 8020, Paphos, Cyprus · The entity presumed to be the current operating/branding vehicle for 'Reiwa Development'. Director and Secretary: Ellada Tsartsidou (Ελλάδα Τσαρτσίδου). Confirmed via 2 independent mirrors — cyprusregistry.com (full incorporation date, address, officers) and companieshousecyprus.com/cypruscompanydata.com (existence, HE number, same officer). Shareholder data is behind a paid report. CyprusRegistry: Reiwa Development Ltd (HE 466673)
REIWA GROUP LTD	HE 451310 (incorporated 14/09/2023, status Active)	Ellados 56, Ioannou Court, Shop 1, 8020, Paphos, Cyprus · Related entity, same registered address and same director/secretary Ellada Tsartsidou, plus a second director, Aleksander Kanter, not found on the other two confirmed entities. Its exact role (e.g. as the original UNO/land-holding vehicle, given it predates the mid-2024 permit approval the developer cites) was not independently confirmed. Confirmed via i-cyprus.com and re-confirmed (08/2026) via cyprusregistry.com. CyprusRegistry: Reiwa Group Ltd (ΗΕ 451310)
REIWA CAPITAL LTD	HE 397628 (incorporated 13/05/2019, status Active)	Ellados 56, Ioannou Court, Shop 1, 8020, Paphos, Cyprus · The oldest confirmed 'Reiwa'-branded entity, likely corresponding to the pre-development real-estate advisory/investment business referenced in the company's '25 years' marketing (though 2019 itself is only ~7 years before this research, not 25). Same director/secretary, Ellada Tsartsidou, who per one registry mirror is associated with roughly 23 Cyprus companies in total. Confirmed via cyprusregistry.com. CyprusRegistry: Reiwa Capital Ltd (ΗΕ 397628)
REIWA PROPERTIES LTD	HE 459781 (incorporated 10/05/2024, status Active)	Ellados 56, Ioannou Court, Shop 1, 8020, Paphos, Cyprus · Referenced by aggregators as a potentially related entity; a direct query to cyprusregistry.com confirms the HE number, date, address, and officers. Directors: Roman Korytskyy and Ellada Tsartsidou; secretary — Ellada Tsartsidou. Same registered address as the other three Paphos entities in the group. CyprusRegistry: Reiwa Properties Ltd (ΗΕ 459781)
REIWA INVESTMENTS LTD	HE 437808 (incorporated 29/08/2022, status Active)	Dimitri Psatha 26, Kapsalos 3081, Limassol, Cyprus · Referenced by aggregators as a potentially related entity; a direct query to cyprusregistry.com confirms the HE number, date, and officers — Ellada Tsartsidou (the same director/secretary as every other Reiwa entity). Unlike the four Paphos entities, its registered address is in Limassol, which may indicate a separate function unrelated to the development projects. CyprusRegistry: Reiwa Investments Ltd (ΗΕ 437808)

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Portfolio scale

Founded: Marketing claims '25 years' of real estate investment/advisory experience under the broader 'Reiwa' brand (pre-dating the development business); the entity actually operating as the developer, REIWA DEVELOPMENT LTD (HE 466673), was registered only on 22/10/2024.
Claimed projects: 5 named projects, all in the Paphos district: UNO by Reiwa (32 apartments, Chlorakas/Melanos), Reiwa Center (Class A business centre, central Paphos), NOVA 12 (renovation-based apartment complex, central Paphos), Fayno World (23 villas, Chlorakas/hills of Melanos), and Bronte (residential complex, Paphos, minimal published detail).
Shown in dataset: 5

Boutique-scale developer; no independent employee headcount was found (previously only two individual staff LinkedIn profiles located: Anastasia Tsimashenia, Olga Kasapska). No prior completed/delivered project could be independently identified for this brand. Update 10.2026: the current "About Us" page lists a different sales/marketing team — Konstantinos Atmatsidis (Sales Manager, 7 years), Olga Kasapska (Sales Manager, 3 years — matches the earlier "Olga Kasapska" by spelling), Dyomir Kalaitsev (Marketing & Business Development, 2 years); Anastasia Tsimashenia no longer appears on the current team page — possible staff turnover since the last check. Also found an unremoved test/placeholder profile page (/team/test-name/, "Test Name") — a minor but further illustration that the site is young and not fully production-ready. Also independently confirmed the projects' architecture partners: Varda Studio (Andreas Vardas, founded 1997, a 1993 Bartlett School of Architecture/UCL graduate, RIBA/ETEK member), Psomas Architects (Georgios Psomas, founded 1988, 300+ completed projects, led by Konstantinos Psomas since 2017), and Superspace Studio (no founder/year given) — established, independently identifiable architecture firms, a positive, checkable detail not previously documented.

Reiwa Development — Projects page