Property

WOOLWORTH (CYPRUS) PROPERTIES PLC

Woolworth (Cyprus) Properties Plc, a public company listed on the Cyprus Stock Exchange, is the property arm of the CTC Group, with main focus on the retail and commercial real estate sector.

Owner of commercial property in prime locations all over Cyprus, Woolworth is strategically involved in the development and management of projects such as shopping malls, department stores, retail outlets, resorts.

Its assets include department stores and retail buildings for DIY and fashion operations, as well as property which has not yet been developed or is at development stage. This comprises large plots of land at the entrance of Nicosia and also a significant holding in Cyprus Limni Resorts & Golf Courses Plc, a company that will develop a premium integrated mixed-use golf resort in the Polis area, Pafos district.

Woolworth’s strategy is to maximize the value of its portfolio and optimize its capital structure.