Leptos Estates
 | |
| Industry | Property Development |
|---|---|
| Founded | 1960 |
| Headquarters | Cyprus |
Area served | Cyprus, Greece, Middle East |
History
The early start
The Leptos Group has deep roots dating back almost five decades and in reaching its current pre-eminence has overcome many difficulties. In the early 1960s Michael Leptos, was an innovator in starting the property development business in Kyrenia, Cyprus. Following the 1974 events in Cyprus, the Group’s activities were relocated to the Middle East and the Arabian Gulf with an emphasis on constructing major residential developments. An example of these was the Saudia City project in Jeddah, comprising 4000 homes, which was considered ground-breaking at that time.[1]
Cyprus & Greece
The group later continued its activities in the region of Paphos. The company opened hotels, developed houses and operated other businesses in the region. It later own continued it's activities in Greece, specifically in the islands of Paros, Santorini and Crete.[2]
Developments
Hotels
Michael Leptos, the founder of the company, opened the 5-start hotel of Coral Bay, situated in the [[Coral Bay, Cyprus]. It then also opened one more hotel in the same area, the Thalassa Boutique Hotel & Spa. The group has now a number of hotels and resorts both in Cyprus and Greece which operate under the Leptos Calypso Hotels Public Ltd.[3]
Awards
In 2009 Michael Leptos received an award by the President of Cyprus Dimitris Christofiasat the Cyprus Chamber of Commerce for his contribution as a company to the progress of the Cyprus economy. [4] In 2010 Leptos Estates received the gold Homes Overseas Russian Award for best project in Greece, the Aphrodite.[5]