Commercial Property Conversion in Cyprus

Paphos, 2019


On behalf of an investment consortium, Navigator developed an investment concept and detailed financial model for the conversion of a 6-storey retail mall into modern office and coworking space. Located in Pafos, the project offered a high profitability because property prices in Pafos continue to lag those of Limassol and Nicosia.


Our commercial property investment services included:

  • Site visit and analysis to determine better use of existing and potential space;

  • Development of an office management and co-working space concept;

  • Elaboration of area for business support services;

  • Planning of a fitness and wellness centre;

  • Planning of restaurant and catering options serving property residents and external guests;

  • Detailed financial planning;  

  • Development of an integrated financial model for commercial property;

  • Investment structuring taking into account Cyprus funds law;

  • Communications and negotiations with potential commercial property investors in Cyprus.


This investment is one of the most profitable commercial property opportunities in Cyprus. For further information, please contact us.