Europe - Cyprus
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Real estate and construction

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Elias Neocleous & Co LLC

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The real estate and construction offering at Elias Neocleous & Co LLC undertakes a large volume of work relating to immovable property in Cyprus. It acts for the largest real estate funds and developers on the island. The group acts for many companies in the real estate sector active in other countries, particularly in Greece and Eastern Europe. The practice continues to be busy advising overseas companies and HNWIs on investments in residential and commercial real estate developments in Cyprus. Practice head Christos Vezouvios focuses on advising developers and investment funds across all facets of their real estate ventures in Cyprus. Michael Pelosi has advised numerous governments, multinational construction firms, contractors and developers on various complex projects. Property litigation is another key pillar of strength for the firm, and it is skilled at handling a variety of construction disputes.

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Key clients

  • Prodea Real Estate Investment Company
  • Limassol Marina
  • CYREIT Variable Capital Investment Company PLC
  • Atterbury Group
  • Landmark Hotel, Nicosia (ex-Hilton Hotel)
  • Invel Real Estate Partners
  • British High Commission/UK Foreign Office
  • Mediterranean Hospitality Ventures Limited
  • Alokozay Group
  • Celox
  • Remu Estate Ltd
  • Eurobank
  • Galaxia Properties Limited
  • Solek Holding SE
  • EOKA Medical and Rehabilitation Centre
  • Bank of Cyprus

Work highlights

  • Advising an international commercial property development group in relation to the development of a new retail centre and shopping mall and successfully achieved preliminary planning approval from the planning authorities.
  • Advising a consortium of international funds through negotiations to secure land for the construction of a new private hospital and boutique hotel.
  • Advising the Cyprus Tourist Development Corporation on the re-drafting and negotiation of its construction contracts for the development and construction of two high-rise towers and the refurbishment of a luxury hotel.

Lawyers

Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.

Practice head

The lawyer(s) leading their teams.

Christos Vezouvios

Other key lawyers

Michael Pelosi