Real estate and construction

Michael Kyprianou & Co. LLC

Client Satisfaction

The ‘collaborative and proactive’ team at Michael Kyprianou & Co. LLC receives many plaudits from clients for its ’fantastic communication and responsiveness’. Under the joint leadership of Savvas Savvides and Lambros Soteriou, it often acts in complex and high-value transactions for the purchase of land and the construction of properties. These deals are mostly for owner-occupiers, and the team also advises investors who intend to either generate income or sell these properties. It is regularly instructed by UHNWIs. Other major clients include private and public companies, retailers and hotel owners. It acts for bankers, developers and government officials. The ‘erudite’ Esme Palas is highly regarded and frequently helps clients with all aspects of their property-related transactions, including estate planning, succession and tax-related issues.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

‘Eleni Drakou and Polina Polycarpou were superb. Not only were they always available and ready to assist; each time we needed them they clearly spelt out our options, explained the implications of each, gave solid advice, and then helped us implement our decisions.'
‘Esme Palas is very dedicated. She deals with the complexities of foreign investment in the Cypriot property market, explaining what the firms can do and what is normal within Cyprus for the inexperienced buyer.’
‘Very professional but still very personable so gives you confidence to deal with them. Provide strong advice in a calm manner. Strong communication across all aspects through email, phone and message.’
‘Esme Palas is an outstanding individual. Very professional and good at keeping us up to date with all aspects of our legal work. She also goes above and beyond the call of duty.’
‘In a word, "excellence". The Paphos practice is managed by a very able, competent and dedicated partner. He has instilled an exceptional work ethic and developed a team of highly motivated staff. The practice stands out from other firms because it has a reputation for achievement and getting things done.'
'Savvas Savvides has demonstrated his methodical and meticulous thought process, excellent judgement and ability to remain calm when faced with the unexpected. He is completely focused on protecting client interests at all times. Although extremely knowledgeable everything is thoroughly and painstakingly researched.'
‘Mr Savvas Savvides runs a very professional team who are informed and proactive. Mr Savvides has always made himself available even at short notice.’
‘Esme Palas is superb. Her team, Leoandros is also superb. Flexible and clear communications.'

Key clients

Ase Dinamika Ltd
K2N Stargem Consulting Group Ltd

Work highlights

Successfully completed various sale and purchase transactions for numerous clients for properties exceeding EUR 1bn.
Advised a real estate development company in negotiating and finalising a construction agreement valued at EUR 1,500,000.
Advised on a complex project which involved dealing with a lot of building restrictions and protected zones due to archaeological sites on the premises.