Kanika Business Group in Cyprus

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Kanika is a name that is synonymous with hotels in cyprus, construction and development in Cyprus. A name that echoes five decades of operation and continuous growth. Founded in 1962 by Mr. Theodosis Karaolis, Kanika has grown in size, reputation and service. Since its earliest days, Kanika has been associated with a number of major construction projects throughout the Limassol area, some of which have carved the district's profile, and are regarded as prominent landmarks. One such project is the well-known Kanika Enaerios Complex, the biggest ever constructed in Cyprus, which incorporates over 750 apartments, shops, offices and even a hotel. Located on Limassol’s main beachfront avenue, the Kanika Enaerios Complex houses some of the trendiest cafes and restaurants in town that welcome some 1000 visitors a day.

Soon after the establishment of the initial company, a veritable construction boom hit the island of Cyprus, and Kanika was ideally positioned to expand into a group of companies. Through its individual member companies – Kanika Developments Ltd, Kanika Property Management Ltd and Kanika Hotels in Cyprus plc – the group branched out into areas of land development, property management and hotel ownership and management respectively.

Today, Kanika Group of Companies employs over 800 dedicated employees and has contributed tremendously to the economic and social development and progress of the island.

Official Website: www.kanika-group.com 

Home Buyers' favourite property developer

Kanika Developments Ltd specializes in high quality land developing projects such as the construction of luxury villas, townhouses, apartments, offices and shops. The company has several successful projects to its name, in various areas of Cyprus. Capitalizing on its extensive experience and know-how in the construction industry and acting within the company’s financial capabilities, Kanika Developments Ltd focuses on projects that provide excellent quality in prime locations at competitive prices. In each case, the emphasis is on projects that reflect contemporary trends and requirements, while serving their practical purpose within a framework of high quality construction enhanced with fine workmanship and finishes. Such features combined with a history of prompt delivery, secure title deeds and professional after sales services are the cornerstones of the company’s reputation.

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Adds Value to your property

Kanika Property Management Ltd specializes in the management of various types of properties such as offices, apartments, villas, townhouses and shops. The company was founded in the early 1980’s aiming to offer professional after sales services including the management and maintenance of the purchased property. Furthermore,Kanika Property Management Ltd currently manages hundreds of properties and is regarded as one of the leading property management companies in Cyprus.

Tel: +357 25 814266,   Email: rentals@kanikadevelopments.com

Where Luxury meets traditional Cypriot Hospitality

In response to the growing demand from the tourism sector in Cyprus during the 1980’s and 90’s, the Kanika Group completed the construction of four luxury hotels and resorts in the most popular tourist locations, namely Pafos, Lemesos and Agia Napa. Over the years Kanika Hotels plc, has received many prestigious awards for its excellent services and facilities. Welcoming thousands of guests every year, Kanika Hotels in Cyprus plc ranks amongst the most established hotel groups on the island. The company is certified with the Quality Assurance system ISO 902 and the Hazard Analysis of Critical Control Points system HACCP.

Kanika Hotels plc owns and operates the following five hotels & resorts in Cyprus:

• Alexander The Great Hotel, Paphos
• Amavi, MadeForTwo Hotels, Paphos
• Amanti, MadeForTwo Hotels, Ayia Napa
• Olympic Lagoon Resort, Ayia Napa
• Olympic Lagoon Resort, Paphos

Official websitewww.kanikahotels.com























Here at Kanika, our corporate culture is not just customer-centered, it’s people-centered – and that includes not only our homebuyers and hotel guests, but our staff and every member of our community as well.

That’s why the Kanika Group as a whole is actively engaged in activities that demonstrate our corporate social responsibility on various levels. Indeed, we are involved in several charitable community projects. At the same time, we realize that caring for people is inseparable from caring for the environment that we all share. To ensure that the coming generations enjoy nature’s blessings and resources as much as we do, we address the pressing environmental issues of our time and the sustainability of our industries.

On the occasion of the European Year of Volunteering 2011, the Kanika Group of companies founded the Ithaki Association, a non-profit organization with the purpose of educating the public on matters concerning the prevention and treatment of dementia. To compensate – as much as we can – for the current lack of facilities available in Cyprus for patients, Ithaki provides training for nurses and caregivers, and organizes fund-raising events and public seminars. Step by step we are working towards the establishment of a fully-fledged treatment centre that will truly alleviate the suffering in our community and beyond.

Our interest in environmental conservation is not reduced to words and statements – quite the contrary. The Kanika Group implements strict policies to achieve clear-cut goals that have been set for both the properties we develop and the hotels we operate.

Kanika Developments applies the latest technologies and designs, and uses carefully selected construction materials that serve our environment-friendly purposes. Our focus is on energy efficiency, both throughout the construction process and each building’s lifetime. We invest in ways and means of reducing energy consumption without compromising comfort and satisfaction. We know that it’s possible – because we see it happening.

In all Kanika hotels, sustainability is crucial and standards of energy efficiency are not negotiable. With accolades such as the Travelife Gold Award presented by independent auditors on behalf of the International Federation of Tour Operators, Kanika demonstrates a high commitment to a long-term, sustainable approach. It’s an approach that secures today’s guest benefits for the guests of tomorrow.

  • Olympic Lagoon Resort - Travelife Gold Award
  • Alexander the Great Beach Hotel - Travelife Gold Award
  • Elias Beach Hotel - Travelife Silver Award
Read the Kanika Sustainability Statement

Tel: 7000 86 06, Email: info@ithakicyprus.com

The backbone of the Group is the team of the Group's people, who have the capacity to demonstrate a spirit of commitment, consistency and dynamism, who possess the know-how and who are willing to undergo continuous training. The company has adopted a human approach to customer care, therefore mastering the ability to offer impeccable services. A fundamental principle followed by KANIKA Group is to always treat customers as part of a large family. In addition, it always makes sure to share the same timeless values of trust and care, and as such, it managed to record a long history and tradition.
Having come a long way on the path of offer and dedication, the new generation of Group directors consisting of KANIKA Group Executive Chairman, Mr. Spyros Karaolis, Group Deputy Chairman, Mr. George Karaolis, and Group Vice Chairman, Mr. Marios Karaolis, appears determined to continue on the course set out by the Group’s founder, Mr. Theodosis Karaolis, and declares itself ready and always up to big challenges.
With assets such as these, the Kanika Group of Companies anticipates the future with confidence and welcomes new challenges.