Who is Andreas Panayiotou?
He is a British property developer and founder of Ability Group. He was born on January 9, 1966. He is the son of Cypriot immigrants. And was raised in East London. He is married to Susan Panayiotou. They have 2 children: George Panayiotou and Costas Panayiotou.
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. He is the founder, Chairman, and CEO of The Ability Group. He is the owner of the yacht Ability.
The Ability Group is active in the UK and European real estate development. The group has developed more than 7,000 residential properties in the UK.
The company has a long-term strategy of retaining ownership of the properties it bought or developed.
The Ability Group has 800 employees. The UK holding company Ability Developments Ltd has equity of GBP 63 million (US$ 80 million).
But the group’s holding is based in Cyprus and does not disclose figures. His sons George and Costas Panayiotou are also active in the company.
Andreas Panayiotou Net Worth
His net worth is estimated at US$ 500 million.
The group is 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.