Quality Property Developments

Quality Property Developments

Quality Property Developments is a leading real estate developer in Cyprus, with an active portfolio since 1991. The company controls the entire lifecycle of every one of its projects. Their outstanding delivery of high-quality developments is based on the successful planning, design, construction and maintenance of numerous residential, commercial and mixed-use properties of all scales.

Quality Property Developments is currently designing a wide range of these properties. These projects are undertaken with consultation from financial and legal institutions and in cooperation with local and international market leaders in design, interior and engineering. The company prioritises this type of expert collaboration in order to ensure that they provide quality products to their clients.

Quality Property Developments represents the foundation of Quality Group. Until 2006, the company was mainly focused on the design and construction of small- to medium-scale commercial and residential developments. Since its establishment, it has been committed to actively supporting the progress of the Cypriot economy. Its goal has always been to preserve the country's standing as an unspoiled Mediterranean destination, while also being a modern society with world-class facilities.

With its brilliant history, Quality Group has established itself among other pioneers in the land development and investment industry, with a portfolio of more than 7,000 properties to date. Through strategic cooperation with partners around the globe, as well as internal restructuring, the Group's operations have advanced into other strategic business sectors including real estate, hospitality, education and health care. This diversity of full-blown investment solutions enables the company to transform into a "one-stop-shop" and satisfy every need that their clients may have.

Following the significant downturn of the Cypriot economy in 2011, along with the difficult lead-up to recovery, they have reassessed their position to ensure long-term economic viability. They have expanded their international markets network by entering the Chinese market in 2012, followed by the South African and UAE markets in 2013. In 2014, Quality Group established an office in Beijing, followed by the launch of a corporate office in Dalian, China back in 2015. In the same year, offices in Toronto, London and Johannesburg were also opened.

The plurality of Quality Group products and services, as well as the ability to design, implement and manage high-quality developments, are based on the fundamental pillars of land development and construction, hospitality and tourism, and education and medical care. These pillars are fully developed and established through international agreements in the hospitality industry and important affiliations such as the UCLan Cyprus University.

Along with a strong management team, Quality Property Developments believe that they can further increase the size and efficiency of the company. The momentum of the Group allowed them to introduce the Radisson Group to the city of Larnaca with two high-quality developments: Radisson Blu Hotel Larnaca and Radisson Beach Resort Larnaca.

Quality Property Developments' services are very people-focused and dedicated to quality because they believe that both ensure client satisfaction.

Most famous project for Quality Property Developments

Quality Property Developments’ most important project is QN Kition, which is set to be one of tallest and most exclusive piece of luxury real estate in Larnaca. Developed by a strategic alliance between Quality Group and Newman Holdings, QN Kition’s architectural design is derived from the Mediterranean Sea, the origin of life and culture on the Island.

Kition is located in Larnaca town centre at the juncture of Gregori Afxentiou and Athinon Avenues; the actual site of the original and demolished Kition Hotel. It is a residential investment comprising 23 floors. The steel structure will stand 92 metres high in the backdrop of the famous Finikoudes strip.

Quality Property Developments's portfolio includes

Quality Property Developments
Founded 1991
Founder(s) Savva Kakos
Employees 50 - 200
Key people Savva Kakos, Iraklis Zavos
Projects 50+
Flagship projects Kition Finikoudes, Habitat Larnaca, Radisson Beach Resort Dekelia, Radisson Blu Hotel Dekelia, Radisson Residences Dekelia, Oroklini Shopping Centre, Indigo Hotel Larnaca, Habitat Larnaca, Poseidon Beach Gardens Pervolia, Q Scala Larnaca, Q Emerald Bay Protaras, Blue Sky Villas Pervolia
Main office 41 Costantinou Paleologou Str, Larnaca, 6036
Phone +357 24 821855
Email info@qualitydevelopments.com
Website qualitydevelopments.com