This article was posted in ZAWYA on February 23, 2020.
Multi-faceted partnership will offer Middle Eastern and international investors a reliable, trustworthy online portal for information to one of Europe’s most dynamic property sectors
Dubai: Informa Markets, the organiser of the multi-market Cityscape portfolio of real estate events, has partnered property investment network Cylanders to drive global investment interest in Cyprus’ diverse real estate sector.
The partnership empowers Cylanders as the official Cyprus sales agent for Informa Markets’ flagship Cityscape portfolio, which includes annual events in the UK, Egypt, Saudi Arabia and Dubai and Abu Dhabi in the UAE.
While Cylanders’ initial focus will be facilitating a dedicated Cypriot pavilion at Cityscape Global 2020, due to be held at the new Dubai Exhibition Centre on the Expo 2020 Dubai site from 10-12 November, the partnership aims to tap into Cityscape’s four-continent footprint and align Cypriot developers with prospective international investors.
Adonis Antoniou, Managing Director Cylanders, said: “By providing a direct link to real estate opportunities in Cyprus, a fully-fledged member of the European Union, via a centralised properties portal with regulated service providers on board, we aim to establish Cylanders as the go-to network for all things real estate in Cyprus.
“The MENA region is a strategically important market for Cyprus and Cityscape is the best partner for us to promote credibility, trustworthiness, reliability and business integrity. Cityscape is a brand that is well established and recognised across the industry worldwide and this partnership will reinforce Cylanders’ mission while expanding its horizons.”
As a fully-fledged European Union member offering a convenient route to European citizenship through its real estate investment programme, Cyprus has emerged as an attractive prospect to international investors due to its strategic location, overall standard of living, connectivity to Europe, tax-friendly business climate, transparent regulatory structure and ease of doing business.
With several major residential and commercial projects in Cyprus attracting significant international investment, property transactions topped Euros 2.5 billion between January and June last year – a 25% jump on the same six-month period in 2018 – according to PwC’s Cyprus Real Estate Market. With investors attracted by the idyllic Mediterranean island’s climate and 320 days of annual sunshine, non-EU buyers accounted for approximately 45% of total sales transactions during the first half of 2019.
Chris Speller, Group Director of Cityscape, added: “This partnership evidences Cityscape’s influential role as an investment and development enabler. With Cylanders offering a transparent portal into Cypriot real estate, we are confident this partnership will provide complementary opportunities for international investors and the gamut of world-class developers transforming the island.”
The Cityscape 2020 schedule includes Cityscape Egypt in Cairo in March 18-21, Cityscape Abu Dhabi from April 13-16, Cityscape Marketplace in London from April 29-30, and NextMove Egypt in Cairo from October 22-24. Finally, the 20th edition of Cityscape Global runs November 10-12 at Dubai Exhibition Centre at the Expo 2020 Dubai site.