CNS Group of Companies
The CNS Group is a Cyprus based group of companies with an established role in a variety of business sectors. As such it is a leading player in the country’s overall commercial activity and a champion of development, making a significant contribution to the Cyprus economy.
In addition to the Group’s broad presence in Cyprus, it has also extended the scope of its activity internationally.
Pioneers of Industry
Established size
& scope
For over four decades, the CNS Group has been growing steadily, as it expands its operation and engages in new sectors, which are often related to each other and can work in synergy. The result is optimized performance as projects and business proposals are executed with maximum time and cost efficiency.
Diversity and Synergy
FIELDS OF ACTIVITY
Real Estate
The CNS Group has been investing in the real estate sector in Cyprus since the early 80’s. Today its portfolio of rental properties includes both commercial buildings and residential properties. In addition, the Group has a significant land bank at its disposal for future development projects.
Telecommunications
In the field of telecommunications, Cablenet is a member of the CNS Group and the only alternative, completely independent telecommunications provider in Cyprus, with its own network and new generation infrastructure.
Dairy
CNS holds a substantial stake in Charalambides Christis Ltd, which was the result of a merger in 2008 of the two biggest dairy companies on the island. The company is the leading local supplier of fresh milk and dairy products, with 34% of total cheese and dairy product exports.
Furniture
The Ergo Home Group Ltd is synonymous with superior quality, design, aesthetics and innovation. In its impressive showrooms across Cyprus, the group represents leading brands of high calibre Italian and other international home and kitchen furniture, as well as contract furniture, accessories, etc. It also carries out fit-out projects for large-scale residential projects, hotels, and others.
Tourism
In Greece, the CNS Group owns and operates the AKS Hotels, a chain of three hotels in the Peloponnese and on the island of Crete.
Agriculture
Another member of the Group is The Cyprus Phassouri Plantations Co. Ltd, which owns the biggest plantations in Cyprus comprising a total area of over 1270 acres of land in the Limassol-Akrotiri area. The company is dedicated to the cultivation, production, packing and marketing of citrus fruits.
Latest Development - an Integrated Casino Resort
In its most recent expansion, the CNS Group joined the Integrated Casino Resorts Cyprus Consortium (“ICR”), which comprises Melco Resorts & Entertainment and The Cyprus Phassouri (Zakaki) Limited – a member of the CNS Group – to develop and operate City of Dreams Mediterranean. Comprising the main resort in western Limassol, as well as four satellite casinos in different locations in Cyprus, City of Dreams Mediterranean will be the biggest integrated casino resort in Europe. In line with the principles of sustainable development, the resort will blend in with Cyprus’s natural environment and landscape.
City of Dreams Mediterranean is expected to be launched in 2021, with gaming areas covering a total of 136 tables and 1,200 gaming machines. Other facilities include a five-star hotel with 500 guest rooms, 11 restaurants and cafeterias, a wellness centre, a sports centre, an extensive pool area with river woods, a high-end retail area and an outdoor amphitheatre with extensive green areas. For conferences there will be 9.600 sqm of MICE facilities with a convention and expo center. This landmark project alone is expected to attract 300,000 tourists a year.
