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, shipping in parthership with Greek and Kuwait interests and telecommunications in the Russian Federation and in Cyprus.

The Group became a major land developer in 1973 when it started the planning and construction of a new city for 10,000 people in Archangelos a new suburb of Nicosia.  Manglis Group acquired an area of approximately 2.2 million m2  and has successfully turned it into a modern community.  Today the completed project consists of over 2,500 residential building sites, three primary and two secondary education schools, two large sites for commercial services, over 40km of road network, and 180,000m2 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 buildings sites.

Other development projects, under the trading name of Aliada, include the building of quality detached houses in Archangelos, an organised development of luxyry villas in the Eleonon area of Nicosia, and the construction of spacious apartments throughout the capital.  The Group is one of the largest owners in Nicosia and surrounding areas and all of the land has tittle deeds.

The Group has the reputation in the market executing honest and transparent transactions, delivering high quality properties within the agreed time and specification.  The Group is committed to always deliver value for money. Last but not least the Group is dedicated to provide professional service to all of its clients.

The Group is a member of the Cyprus Land and Building Development Association.

The Group is active in telecommunication services through Prime Tel plc.  Prime Tel installed and operates a nationwide fiber optic network.  This fiber network infrastructure allows Prime Tel to offer unlimited Broadband capabilities and services to users across Cyprus thus covering all sectors of the business, residential, corporate and carrier.  Prime Tel operates a submarine cable landing station connecting to Marseilles and Haifa through the Reliance fiber link.  Prime Tel has recently acquired the third Cyprus license for mobile services and offers Quad-Play bundled services (fixed telephony, Internet, TV, Mobile telephony).


Manglis Group of Companies cooperates with all major Cyprus banks.


The group's auditor is KPMG situated in Nicosia.

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.


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 (FCA).  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.

Group Structure

Manglis Group is comprised of the following companies:

Holding Company:
Manglis Holdings Ltd

Trading Companies:
100% Subsidiaries
  • The Cyprus Commercial Co. Ltd
  • Property development
  • General Engineering Co. Ltd
  • Holding company
  • Archangelos Ltd
  • Property development and the operation of the modern gardening centre, Gardens ETC
  • Ayios Andronicos Development Co. Ltd
  • Property development, including the Aliada projects

Associated Companies (20% - 50%)
  • Primetel plc


Email: info@mangroup.com.cy

Telephone: (+357) 22 317888

Fax: (+357) 22 423848

Office Hours:

Mon-Thu 08:00am - 17:30pm
Friday 08:00am - 14:00pm

Address: 136 Eleonon Street, 2060 Strovolos, Nicosia, Cyprus

Mailing Address: P.O. Box 24677, 1302 Nicosia, Cyprus

Website: www.aliada.net