← All developerspart 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.
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15 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
- 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 — see risk_flags for the gap.
- 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 (only two individual staff LinkedIn profiles located: Anastasia Tsimashenia, Olga Kasapska). No prior completed/delivered project could be independently identified for this brand.
Reiwa Development — Projects pageContact information
- Address
- 59 Hellados Avenue, Office 01, Paphos 8020
- City
- Paphos
- Phone
- +357 800 06 666
- Website
- reiwa-development.com
- Opening hours
- —
- Founded
- 2024
Projects (5)
UNO by Reiwa
Chlorakas (Melanos area), Paphos district
Residential complex of 32 apartments in the Melanos area, Chlorakas, Paphos district.
Reiwa Center
Central Paphos
Class A mixed-use business centre (4,050 sqm, 6 floors) — offices, retail, restaurant, in central Paphos.
NOVA 12
Central Paphos
Apartment complex in central Paphos, delivered as a renovation retaining the existing structural frame.
Fayno World
Chlorakas, hills of Melanos, Paphos district
Complex of 23 villas (3-4 bedrooms, 190-237 sqm) in the hills of Melanos, Chlorakas, Paphos district.
Extended dossier
Corporate structure
- 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).
| 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. |
| 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. |
| 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. |
| 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. |
| 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. |