Yacht Name: Ability -
Owners Name: Andreas Panayiotou -
The Ability Group is on of the UK’s largest property developers. Panayiotou’s current yacht was built as RC for fashion designer Roberto Cavalli.
The yacht Ability is owned by Andreas Costas Panayiotou, founder of The Ability Group.
The Ability Group is active in the UK and European real estate development. The group has developed more than 7,000 properties in the UK.
The Ability Group has 800 employees. The UK holding company Ability Developments Ltd has an equity of GBP 63 million (US$ 80 million), but the group’s holding is based in Cyprus and does not disclose figures.
Andreas Panayiotou is the son of Cypriot immigrants and was raised in London. He wanted to become a professional boxer, but his parents asked him to join their dry cleaning business.
His first action in real estate was the development of flats above the dry cleaning shop.
The group is now one of the largest real estate developers in the UK. Since Ability was formed in 1996, they built up a significant presence within the UK and European property markets, across Residential, Commercial and Hotel sectors.
Panayiotou was to owner of a mansion named Heath Hall, in North London. In 2015 he sold the house for US$ 30 million.
We believe Panayiotou now lives in a Hilton Hotel in London. Do you know more about mr. Panayiotou’s residence? Please do send us a message.
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