History
and Current Activities
The oldest company in the Manglis Group,
the Cyprus Commercial Co. Ltd, was registered
in 1934, and was only the 61st company registered
in Cyprus. It engaged mainly in trade but in
the years that followed several companies were
added for new activities. These activities included
property development, trade, agricultural production,
packing and export marketing with a fruit brokerage/distribution
subsidiary company in London, and shipping in
partnership with Greek and Kuwait interests.
The group
became a major land developer in 1973 when it
started the planning and construction of an
undeveloped area in Archangelos. Manglis Group
acquired an area of approximately 2.2 million
m² and has successfully turned it into
a modern suburb. Today the completed project
consists of over 2,000 residential building
sites, three primary and two secondary education
schools, two large sites for commercial services,
over 40 km of road network, and 180,000 m²
of landscaped public green spaces. The community
houses 2,500 families.
In partnerships
with other investors Manglis Group has also
developed extensive land areas in the seaside
towns of Yeroskipou and Paphos, creating the
“Limnaria” holiday homes and shopping
complex, as well as residential building sites.
Current
development projects, under the trading name
of αλιάδα,
include the building of quality detached houses
in both Archangelos and Psimolofou, an organised
development of luxury villas in the Eleonon
area of Nicosia, and the construction of spacious
apartments throughout the capital. αλιάδα
also plans to begin projects outside of Nicosia
and along the coastline.
Manglis
Group is engaged in telecommunication services
through an associated company registered in
Cyprus, Teledev East. Teledev East is the holding
company for PrimeTel. PrimeTel owns and operates
a nationwide fiber optic network. This fiber
network platform allows PrimeTel to offer unlimited
Broadband capabilities and services to users
across Cyprus thus covering all sectors of the
business, residential, corporate and carrier.
Banks
Manglis Group of Companies cooperates with all
major Cyprus banks.
Health
and Safety Regulations
Health and safety is a mission for Manglis Group,
starting from the design of a project, to its
constructions, and ending at the Head Offices.
Management
The Chairman of the group is Pericles Manglis.
He holds various degrees in Engineering including
the professional Mechanical Engineer degree
and a PhD from the Massachusetts Institute of
Technology. He joined the family business in
1968 after working in a consulting business
for three years with Dynatech Corp (Engineering
Consultants) in Cambridge, Massachusetts.
The Managing
Director and Secretary of the group is Ioannis
Tirkides. He holds a BA in Economics, MA in
Business Economics, and the professional qualification
of the Chartered Accountant (ACA). He joined
the Manglis Group in 1993 after working for
three years with an auditing firm in London
and for two years with KPMG Peat Marwick in
Nicosia.
The Technical
Director of the group is Antonis Kakoullis.
He holds a BSc in Civil Engineering and MSc
in Building Economics and Management. He joined
the Manglis Group in 1994 after working in Cyprus
for one year at a well established architectural
firm and three years with a major contracting
company.
Group
Structure
Manglis Group is comprised of the following
companies:
Holding
Company:
Manglis Holdings Ltd.
Trading
Companies:
100% Subsidiaries
