Real Estate & Developments

Company History

Joannou and Paraskevaides, known with the initials J&P, was founded by its two major shareholders Mr Stelios Joannou and Mr George Paraskevaides who inspired and realised the transformation of the small 1940’s Cypriot company to an international contracting giant, who undertakes a wide spectrum of construction work in four continents. The reputation soon achieved by J&P along with the international trust and distinct position amongst the international constructing organisations is an achievement, which serves J&P and Cyprus in many fields.

J&P undertakes projects regardless of their complexity, including private and public sector works and works requiring self-financing. J&P maintains a group of qualified professionals engineers, work inspectors and experienced technicians in every field of the constructing industry. With its extensive experience of seven decades, latest equipment and experienced personnel, J&P delivers on time, within budget and within the specifications the projects it undertakes. J&P undertakes in collaboration with other international companies the financing design and construction of construction projects in an international level representing reputably Cyprus in the world.

J&P began its operations as a constructing company in Cyprus in 1941. In the next 20 years, with devotion to its motto “Economy, Quality, Speed”, the company broadened its spectrum of activities and established itself as one of the major contracting companies in the world. Projects - milestones for the company in Cyprus are the Power generation plants of Dhekelia, Moni and Vasilikos, the dams of Kouris, Palehoriou – Kampi, Kalavasou, Asprokremmou, the highways of Nicosia –Limassol, Nicosia – Larnaca, Larnaca – Paphos, the Hotels of Zephyros in Kyrenia, Lydra (Forum), Meridien and the roundabouts of Polemidia, Agia Fyla and Yermasogia.

During the last ten years, J&P has broadened its field of operations through the undertaking of BOT projects, undertaking the financing, constructing and operation of the projects before their transfer to their owner. Recently, delivered projects include the third power unit in Vasilikos and the new families quarters and infrastructure of Dhekelia Garrison.

J&P is active in the land development market with luxurious flats, office buildings, commercial centers, holiday homes and other developing projects, the main objective being the full satisfaction of its customers, in terms of quality and security in the issuing of title deeds.