Dolphin Capital Investors, the company with a sizeable stake in Aristo Developers (Aristo), published its results earlier this week:
“Total home sales booked by Aristo as at 31 August 2008 of €79 million, 37% lower than the corresponding record breaking period of 2007 mainly due to a slowdown in demand by UK buyers.”
(Founded in 1983, Aristo is today believed to be the largest private landowner in Cyprus and the largest holiday home developer both in terms of annual turnover and number of units sold. With more than 1,850 hectares of development land under ownership, over 3,000 holiday home sales over the past five years and a pipeline of approx. 10,000 residential units under planning, Aristo has a strong presence within the real estate development sector in south-east Europe).
