Company

CYREIT AIF Variable Capital Investment Company PLC was incorporated in January 2018 as an alternative investment fund.

The Fund is licensed and regulated by the Cyprus Securities and Exchange Commission (license number AIF23/2014).

The Fund is the owner of a diversified portfolio of high-quality commercial real estate assets all across Cyprus comprising retail, offices, warehouses, industrial, mixed use, a hotel and a university, with annual rental growth built into long term leases.

With more than 95% of its portfolio located in prime urban areas in Cyprus Investment’s boasts a high- quality, high-yielding, diversified portfolio with predictable cash flows driven by high occupancy levels, long-term lease tenures and strong tenant base.

CYREIT is the number ONE Cyprus AIF investing in Cyprus Real Estate.

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Tenants

CYREIT is the number ONE Cyprus AIF investing in Cyprus Real Estate

CYREIT AIF is a leading owner and manager of high-quality commercial real estate assets all across Cyprus with projects across the country including retail, offices, warehouses, industrial, mixed use, a hotel and a university. In terms of Assets Under Management CYREIT AIF is arguably the largest, Cyprus-focused, real estate Alternative Investment Fund in Cyprus.

With hundreds of thousands of square meters of property under management, Cyreit’s team have risen to every challenge faced, always striving to find better ways to build upon the company’s reputation for quality and service.

 

CYREIT Team

Meet our team of professionals, with expertise in Asset, Property and Construction Management.

Harris Venizelos

<h3>Harris Venizelos</h3>

Harris Venizelos

CEO

Harris is overviewing CYREIT since January 2020 and has over 25 years’ experience in real estate asset, property and construction management. He was the General Manager of the property management division at Aphrodite Hills Resort (where he was responsible for managing a portfolio of around 400 commercial and residential units with a value in excess of €300m) having previously been part of the management team that oversaw the development of the resort (comprising of a 5-star hotel, villas and other residential property, an award-winning golf course, a spa, and restaurants and other amenities).

Harris started his career at Cybarco, one of the leading development and construction companies in Cyprus, where he held senior construction and project management roles in various prestigious projects.

Harris holds a BEng (Hons) and an MBA from University of Surrey, as well as a Diploma in Civil Engineering from the Higher Technical Institute of Cyprus.

Valantis Katsioulis

<h3>Valantis Katsioulis</h3>

Valantis Katsioulis

Asset Manager

Valantis joint CYREIT in October 2020 and served as the Asset Manager at Gordian Holdings (subsidiary of Apollo Global Management), a market leading investor in secured debt and real estate portfolios in Cyprus.

Prior to Gordian, he was part of the Asset Management team of the Real Estate Management Unit of Bank of Cyprus the largest financial institution in Cyprus.

Valantis has a six year background on repositioning distress real estate and started his career as an analyst in the Resolute Asset Management. He holds a Bachelor Degree from the National Kapodistrian University of Athens in Economics with specialisation in Finance and he is a Level 2 Candidate of Charter Alternative Investment Association.

Kyriacos Danos

<h3>Kyriacos Danos</h3>

Kyriacos Danos

Property Manager

Kyriacos joint CYREIT in July 2021 and served as the Commercial and Property Management Manager at Limassol Marina, the largest Marina (berths and properties) in Cyprus. Prior to Limassol Marina, he was part of the Engineering/Technical department of Amara Hotel, one of the most luxurious hotels in Cyprus.

Prior to Amara hotel, he was part of the Chief Engineer team of Aphrodite Hills Resort, the largest resort in Cyprus.

Prior to Aphrodite Hills Resort, he was part of the Technical department of Limassol Marina. Kyriacos has a seven-year background in technical and property management. He holds a bachelor’s degree in civil engineering and a master’s degree in structural engineering from the University of Salford in Manchester.

Georgina Neophytou

<h3>Georgina Neophytou</h3>

Georgina Neophytou

Property Administration Manager

Georgina has started his career working as a quantity surveyor assistant and office administrator at a Q.S office in Limassol. She then joined one of the biggest investment management firm in Cyprus. She has played the dual role of an HR/office manager, assisting mainly the senior management team and CEO. She then got involved in property rentals, by contacting agents and carrying out viewings of company’s vacant units. Georgina mainly got involved in property management. She was the first point of contact for tenants general requests, technical issues and other queries.

Georgina holds a BEng in Civil and Environmental Engineering from UWE, Bristol and a MSc in Sustainable Engineering from Loughborough University.

Our Tenants

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WGM

WGM SERVICES LTD is a leading online trading platform and brokerage, offering its diverse clientele access to over 400 financial instruments in Forex, Stocks, Commodities, Crypto and Indices.

 

HF Markets

HF Markets -Market-leading broker at Irida 3 Tower

HF Markets the holder of 8,9,10 and 11 floors of Irida 3 Tower in Larnaca is a market-leading broker of choice offering various account options, trading software and trading tools to deliver optimum trading conditions to its 1,500,000 live account holders worldwide. It has won over 45 international awards recognizing its top fund security measures, excellent customer service in over 27 languages and other global achievements.

Regulated by the Cyprus Securities and Exchange Commission (CySEC).

Asset belong to CYREIT the number ONE Cyprus AIF investing in Cyprus Real Estate

PHC

The largest company of franchised restaurants and catering industry in Cyreit assets.

PHC Franchised Restaurants Public Ltd with over 2500 employees, is a market leader and the largest company of franchised restaurants and catering industry in Cyprus, with more than 20 Brands in its portfolio.

The group manages over 100 units including Pizza Hut, KFC, Taco Bell, Caffé Nero, Burger King, Jamie’s Italian, Wagamama in Cyprus and Greece, Paul, Jamie & Oliver, as well as Tavernaki, Pier One, CU, Derlicious, Sitio café, Hobo café, Hobo Mediterraneo, The Fish Market, Remezzo, Το Κυπριακόν, Verde και Catercom Catering.

The group leased at Athinodorou Business Center a ground floor a unit owed by Cyreit of 364sqm with 154sqm mezzanine iwith a very wellcoming contemporary design – operating Nero Coffee in Pafos , court district area.

Athinodorou Business Center is a commercial mixed use contemporary building located in Koritsas Ave. at the main commercial area of Ayios Theodoros Quarter, Paphos, ideally situated close to a plethora of amenities and services, next to district court, whereas the “Kings Avenue Mall” is also a short dive away.

Unit belongs to CYREIT the number ONE Cyprus AIF investing in Cyprus Real Estate.

Diapo

’Foodlink Group at DIAPO warehouse with a total capacity of over 100,000 pallet spaces!

The warehouse in Latsia industrial area, fitted with specialised cold storage equipment is leased to Diapo Distribution Ltd , part of the Greek Foodlink Group ,specialised Warehousing & Transportation, Sales Logistics, E-shop Logistics & Logistics Intelligent.

Foodlink Group offers fully integrated logistics services providing end to end Supply Chain solutions. Marked by years of experience and technical know-how of the logistics industry, it provides tailor-made solutions combining people, systems, procedures and services.

The parent company of the Group Foodlink S.A, currently the sole company trading on the Athens Stock Exchange Market, was founded in 1997 with a vision of becoming one of the leading companies in Contract Logistics

Foodlink Group has 11 Distribution Centers within Greece and Cyprus with a total capacity of over 100,000 pallet spaces, covering all storage conditions.

The building’s main focus is the high-quality metal façade. The closed sections of the building feature a light façade cladding incorporating smooth insulated metal panels.

The asset comprises of one Wearhouse in a plot of 10,410 sqm with a total surface of 4,680 sqm on the ground floor and 570 sqm mezzanine with the majority of the interior area of the ground floor space is earmarked for a narrow pallet racking system.

It is located within a well-developed industrial area of Latsia conveniently accessed through an offset on highway, by the entrance of Nicosia City. The regeneration of the Strovolos industrial area has attracted high-quality occupiers BMW, Porsche, IKEA, etc and definitely the asset is in the hot industrial area.

Building is part of CYREIT porfolio, The number ONE Cyprus AIF investing in Cyprus Real Estate.

Sigma

Sigma is Cyprus’s leading chain of bakeries with more than 15 stores and recognized by the International Standards Organization.

As a Cypriot run family business, the beloved bakeries have successfully marked 100 years in operation.

Founded in 1922 and establishing its tradition for 4 generations now, it has grown into a leading chain of selected pastries & sweets and operates with more than 15 stores of international standards in the provinces of Limassol, Larnaca and Paphos.

Always remaining loyal to family recipes, Sigma Bakeries continue to produce traditional confections

Their range of products include freshly prepared confectionaries and deliciously baked goods, along with the recently added nutritious series Nutricorner; which was inspired by the ever-changing dietary needs and includes nourishing delicacies for vegetarian and vegan diets

With a team of 350 employees, they support the Cypriot economy and regardfully take care of the community by improving their quality of life through natural and healthy meal options

The property where one of the bakeries is accommodated in the Zakaki area of Limassol consists of 497 sq.m.

The ground floor comprises of the production space, auxiliary sections, as well as the display area serving customers on a daily basis, while the upper floor operates as offices.

Parking spaces are found outside the store for direct access to the bakery.

H&M

One of the world’s largest fashion companies at CYREIT Building – Ledras Tower (Shacolas Tower)

In 2016 the first store of the world-famous Swedish clothing company H&M was put into operation in Cyprus, on Ledra Street in Shacolas tower ,one of Cyprus most recognisable high-rise buildings with commercial use. The store has 3 levels of a total surface area over 1,000 sq.m.

As one of the world’s largest fashion companies with more than 120,000 employees worldwide, H&M witha business concept to offer fashion and quality in a sustainable way.

H&M group comprises of nine independent brands: H&M, COS, Weekday, Monki, H&M Home, & Other Stories, ARKET and Afound. We have over 4,900 stores across more than 73 markets worldwide.

The asset is part of CYREIT portfolio the number ONE Cyprus AIF investing in Cyprus Real Estate

Unicars

The largest After Sales Service Hub in Cyprus by Unicars Ltd – part of Cyreit portfolio.

Unicars are pioneers and created the largest After Sales Service Hub in Cyprus, which was fully operational in October 2020 to serve customers of Volkswagen, Seat, Skoda, Audi and Lamborghini brands at 144 Giannou Kranidiotis Avenue in Latsia.

It is a high standard service center where personalized, specialized and comprehensive service is provided in a renewed environment, exceeding the expectations of Unicars customers. In the state-of-the-art After Sales Hub workshop, conventional and electric cars are serviced for all services such as Express Service, tire and steering alignment services, air conditioning system maintenance and repair, all kinds of repairs, spare parts, high quality body shop and paint services,

Unicars is the importer of Volkswagen, Audi, SEAT, and Škoda cars and is the authorised provider of Service & Parts for Lamborghini in Cyprus. Unicars is also the official importer of MAN (Truck and Bus), Schmitz Cargobull, MAN Top Used and Volkswagen Commercial Vehicles in Cyprus and provides a wide range of both sales and After-Sales services.

The asset covers 6,303 sqm with three story with Grade “A” office building and hangars and is part of CYREIT portfolio the number ONE Cyprus AIF investing in Cyprus Real Estate

La Croissanterie

A 100% Cypriot company, which was founded in mid-2012.

With more than 30 stores throughout Cyprus, some of which opened in the last few months and 200 employees , the Cypriot chain La Croissanterie is also expanding abroad,with stores in Greece and will soon expand to England, Germany, Serbia, Bulgaria and the USA.

La Croissanterie has leased One of the most popular places in Nicosia Center for a quick bite, with options from a wide range of savory and sweet flavors, healthy options and tempting treats, all in fulfilling servings.

The asset is a ground floor , corner commercial unit located on the busiest commercial roads of Nicosia with high visibility due to long shopfront along both Ledras and Stasinou streets two of the major retail streets of the city, right by the center of Eleftheria Square, the most central spot , in the heart of Nicosia city.
The shop is 214 sqm and comprises of a customer area on the ground floor, WCs on the mezzanine and storage/ancillary area in the basement.

Asset comprises of 83 sqm ground floor, 48 sqm mezzanine and 83 sqm basement with wide paved shopfront, a very flexible layout to adapt to tenants requirements and needs as it is an open plan space, ideal for retail use as the wider area comprises of similar retail developments.

Asset belong to CYREIT the number ONE Cyprus AIF investing in Cyprus Real Estate.‘’

Amdocs

A leading provider at D Nicolaou – Amdocs

Amdocs, a leading provider of software and services to communications and media companies globally is one of the high profile tenants in Cyreit portfolio.

Amdocs in Cyprus currently employs people from 32 different nationalities. Amdocs, itself, with 30,000 people on its global payroll, works with the world’s leading telecoms operators to accelerate their migration to the cloud, enable them to differentiate in the 5G era, and digitise and automate their operations.

Listed on the NASDAQ Global Select Market, Amdocs saw revenue of $4.3 billion in the 2021 fiscal year.

Asset belong to CYREIT the number ONE Cyprus AIF investing in Cyprus Real Estate

The road ahead for Cyprus’ alternative investment funds (thecyreit.com)

Testimonials

WGM SERVICES LTD

WGM SERVICES LTD

We are happy to have found a new home for WGM SERVICES at Ellinas House CYREIT commercial building. The service and assistance we have been experiencing since day one along with the level of professionalism have been exemplary.
Sigma

Sigma

Our partnership with CYREIT is founded on professionalism and an amicable approach to all matters. Their prompt service and commitment to finding solutions beneficial for all parties has ensured the health and longevity of our collaboration.
Psaras Testimonial

Psaras Testimonial

Thank you for trusting us with the construction of your project. We are looking forward to working with you on more projects in the future!
Kendris-testimonial

Kendris-testimonial

As tenants for almost 5 years at Irida, we thank CYREIT for the professional attitude to resolving problems in a prompt and efficient manner, as well as keeping an open mind to implementing innovative new ideas.
In2Bet-testimonial

In2Bet-testimonial

Part of the challenge of going into a new market is committing to build a relationship with a Capital Investment company. It's a leap of faith to trust them with building your vision on budget, on schedule, and with attention to quality. CYREIT has exceeded our expectations, and we consider them one of our trusted partners in the Cyprus market.