Mr. Pantelis and George Leptos were recently featured in a publication by Forbes, April 2025.
Recently, a memorial and tribute event was held for the late Michael G. Leptos, the founder and Executive Chairman of Leptos Group. A visionary man who was widely recognized and respected. Could you share a few words about Michael G. Leptos, his vision, and his achievements?
Michael G. Leptos, our father and the Leptos Group founder and management director, was a true pioneer—not only in real estate, but in creating a vision for Cyprus. He established a variety of activities (Real Estate investment property management, Hotels & Tourism, Neapolis University and Health Care), thus significally contributing to the development, wellbeing and quality of life in Cyprus. His relentless pursuit of excellence, innovation, and integrity laid the foundation for the Leptos Group. He was also deeply committed to national development and philanthropy. His legacy and values are alive and guide us in everything we do.
Looking back, what would you say was the key turning point for Leptos Group that gave it the momentum to become one of the most successful groups in Cyprus today?
Expanding beyond Cyprus and diversifying our portfolio was critical. Early landmark projects such as the Leptos Kamares Village and Coral Beach Hotel & Resort set us apart. Then came strategic investments in education with Neapolis University and healthcare with Iasis Private Hospital. These weren’t just business decisions—they were steps toward building a more integrated and resilient Group that could serve diverse needs across borders.
Could you share some details about Leptos Group’s award-winning projects and developments, and what do you believe are the key factors behind their success in earning such prestigious recognition?
Since 1960, the Leptos Group has received numerous international awards for excellence across residential, commercial, and mixed-use developments. Flagship projects like Leptos Kamares Village and the Limassol Del Mar have stood out for their prime locations, distinctive architecture, and premium lifestyle offerings—with amenities such as wellness centers,spa’s, pools, club houses, and concierge services.
What truly sets us apart is our end-to-end approach. From design to after-sales, we deliver lasting value through expert property management, rental support, and resale services. Buyers don’t just invest in a home—they invest in a full, high-quality living experience.
What are the next major projects in the pipeline for Leptos Group, and how do they align with the company’s long-term vision?
The Leptos Group has developed more than 350 projects todate and continues to push forward with pioneering developments, amongst others, the last phases of the Kamares Village, Coral Seas, Venus Gardens, Armonia Beach Villas and other premium seaside residences in Paphos designed for high-end clientele. The Limassol Blu Marine is our high-end project with 5-star facilities, next to the Limassol Marina. Zeus Tower, our last residential building, has been recently released for sale.
We’re also advancing large-scale, strategic projects such as Neapolis Eco City, a smart, sustainable urban hub mega-project in Paphos, a city within the city, integrating a University, medical, office park, commercial facilities and lifestyle residential development. The same applies to our project Costa Nopia, a landmark beachfront integrated development in Chania, Crete spanning 1.2 million sq. m. These initiatives reflect our long-term vision: to shape modern, eco-conscious, and vibrant communities across the Mediterranean.
In light of current global and local economic conditions, what are the potential challenges in the construction and real estate markets over the next few years?
We’re seeing a complex environment—rising labour and material costs, shifting regulations, and inflation. Real estate offers a true hedge against inflation and a safe investment harbour. We as Leptos will continue to offer value-for-money premium real estate in prime locations of Cyprus and Greece.
How is Leptos Group preparing to tackle them?
We’re leveraging technology to improve efficiency, reduce costs, and stay competitive. Our diversified portfolio—from tourism to healthcare—also provides balance. We continue attracting international investors with strong fundamentals and common vision. Above all, we remain adaptable to meeting new conditions without compromising our core values.
How does Leptos Group plan to address issues related to sustainability and eco-friendly construction practices in its future projects?
Sustainability is embedded in everything we do—from solar energy integration to smart building systems. We’re using energy-efficient equipment, embracing green building certifications. Neapolis EcoCity is a prime example: it’s not just a smart city, it’s a sustainable one—designed to set new environmental standards.
What are the key risks that real estate investors face in today’s market, and how can they effectively mitigate these risks to ensure long-term success?
Investors face volatility—economic, regulatory, and geopolitical. The best defense is choosing prime locations, reputable and experienced developers, and projects with real, long-term value. Diversifying assets and seeking expert advice is also essential. Long-term thinking is more important now than ever.
Are you optimistic about the Cypriot economy’s trajectory in the coming years? Will satisfactory growth rates be maintained, and will consumption of all kinds remain at good levels for the business world?
The Cypriot economy during recent years records higher growth rates than the average of the European Union, and we believe this will continue. Cyprus maintains its comparative advantages. It is an island with culture, a member of the European Union and the Eurozone, with a high quality of life and healthcare, democratic governance, modern infrastructure, many private schools a national healthcare system, etc. All these, along with the good climate and various government incentives make Cyprus an attractive destination for foreign investors who want to invest or relocate.
Because of all these reasons, we have recorded last year the highest growth rate in the EU, virtually non existent unemployment and a spectacular reduction of the Dept to GDP ratio to 65%.The current geopolitical developments of the area will further enhance the attractiveness of Cyprus and further boost foreign investments, thus further improve the economic performance of the country.