Markos Andreas Kashiouris, aged 35, Chief Executive
Mr Kashiouris has been a property investor and developer through the Terra Group since 2000 and has extensive real estate experience across several European countries, including the UK, emerging Europe, Greece and Cyprus. He owns and manages a specialised housing portfolio in London. Leading an international consortium, Mr Kashiouris has recently acquired the 25-year rights for Sotheby`s Realty in the eastern Mediterranean with marketing capabilities across Southeast Europe, Russia and the Middle East. Terra Investments, Mr Kashiouris` primary investment vehicle, was founded in 2003 and has advised on c. €280 million of real estate projects in the UK, France and Southeast Europe. Additionally, Mr Kashiouris is currently an investor in €130 million of mixed-use developments in Cyprus and an advisor in a €130 million mixed-use resort project in Greece. Mr Kashiouris is a UK-qualified Chartered Accountant (ACA), an Associate of the Chartered Institute of Marketing (ACIM) and a Member of the Securities Institute (MSI). He worked for JP Morgan and Commerzbank Securities in London where he was top-rated in the 2001 and the 2002 Extel Surveys.

 

Peter George Economides, aged 57, Non-executive Director
Mr Economides founded Totalserve Group in 1972, one of the largest regional tax and trust consultancies in Southeast Mediterranean with a primary focus in Eastern and Southeastern Europe. Mr Economides is a member of the International Tax Planning Association, a member of the international committee of the Society of Trust and Estate Practitioners (STEP), the Founder and Chairman of STEP Cyprus and a member in various other international accounting, tax and trust associations. He is currently a board member of Guardian Land, a $300 million property fund and is an adviser to the board of the Dragon Property Group, a €150 million broad-based property investment operation.

 

Yiannis Efstathios Panayi, aged 54

Mr Panayi is an accomplished real estate developer and hotelier in Greece and Cyprus. In the early 1990s and already an experienced commercial lawyer, he diverted his attentions to the hospitality industry and later into real estate in Cyprus, Greece and the UK, initially through the Aqua Sol Hotels Group and subsequently through Sol Terra Developers Limited and the Iliad Group. By 2000, the Aqua Sol Hotels Group became the largest hotel chain in Cyprus and was rapidly establishing its presence in Greece. Through the Aqua Sol Hotels Group, Mr Panayi is the owner of 32 hotels in Greece and Cyprus (with a further 3 hotels under construction) and employs more than 1,350 staff (including Sol Terra Developers Limited). The Aqua Sol Hotels Group is the largest hotel group in Greece and Cyprus combined. Mr Panayi moved into real estate development in 2002, with the establishment of Sol Terra Developers Limited. By 2003, the first development project was well in progress under the Sol Terra Developers brand name. Since then, Mr Panayi has launched several innovative and successful development projects and he began to look for larger development projects whilst expanding his business in Greece in partnership with Grecotel S.A., one of the largest hotel chains in Greece. He also moved into the residential retirement market, taking an example from the senior assisted-living communities in the US. Mr Panayi also has a real estate presence in the United Kingdom and is an investor in more than $400 million of projects under development. He is also President for the Special Olympics Committee of Cyprus.