Consulco, the London-based investment group with offices in London, Dubai, Nicosia and Limassol, is actively expanding its real estate operations in Cyprus and Greece through a series of targeted projects, including apartments in Athens, office spaces in Nicosia, and land development in the Municipality of Latsia-Geri.
“We focus on small-scale real estate developments in both Greece and Cyprus, guided by a prudent and selective investment strategy. We target well-defined market niches with strong demand, especially among local buyers, as liquidity challenges persist in both markets,” stated Marios Hajiroussos, CEO of the Consulco Group of Companies.
Boutique Residences in Kolonaki, Athens
In the heart of Kolonaki, one of the most prestigious areas of Athens, Consulco is developing four boutique apartments on Valaoritou Street, the area’s main and most upscale pedestrian street. The project, expected to be completed by the end of July 2025, features luxury one- and two-bedroom apartments, with prices starting at €550,000.
“Kolonaki continues to be in high demand among Greek, Cypriot, and international buyers – whether for a primary residence, a professional base, or high-yield investment purposes,” noted Ms. Mary Zantou, Head of Real Estate & Administration CY & GR at the Consulco Group of Companies.
These apartments also represent attractive investment opportunities, offering significant income potential through short-term rentals. Although the new legislation has suspended the issuance of additional short-term rental permits, these residences secured all the necessary licenses prior to the implementation of the new regulations, making their commercial management and operation immediately feasible.
Commercial Offices in Nicosia
In Cyprus, the Consulco Group of Companies has a proven track record of successful commercial office space developments, primarily in the center of Nicosia. These properties are already leased to both local and international tenants.
The most recent project involves the renovation of a listed stone building located across from the Supreme Court of Cyprus, with an interior area of 1,700 sq.m. Originally acquired as a historic property, the building has now been designated as having significant architectural interest, making it an ideal candidate for urban planning incentives and government grants.
This landmark property offers a prime option for the headquarters of Cypriot or international companies seeking a distinguished presence in the legal and business heart of Nicosia. The rental price, in line with current market rates in Cyprus, has been set at €24,000 per month.
Residential Land Development in Geri
Consulco, in collaboration with its partners, also owns approximately 60,000 square meters of residential land part of which was divided into 25 housing plots in the Municipality of Latsia-Geri, a growing suburb of Nicosia. The land has received official urban planning approval for residential use, and the necessary infrastructure – such as roads, water supply, and utility services – has already been successfully completed and separate title deeds have been issued.
“These plots are ideal for young families seeking affordable suburban housing outside the densely populated urban center, as well as for those who prioritize direct access to the national road network connecting Nicosia to other districts of the island, offering both convenience and long-term value,” stated Ms. Mary Zantou, Head of Real Estate & Administration CY & GR at the Consulco Group of Companies.
The plots are now available for sale, with prices starting from €130,000 plus VAT, depending on size and exact location within the development.
For more information please contact Ms. Mary Zantou, Head of Real Estate & Administration CY & GR, at realestateinfo@consulco.com or at landline +357 22 361 300.