Who is Andreas Panayiotou?
Andreas Panayiotou 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 $500 million.
The group is one of the largest real estate developers in the UK. Since Ability was formed in 1996, they built up a significant presence within the UK and European property markets. Across Residential, Commercial and Hotel sectors.
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Andreas Panayiotou House
He was the owner of a mansion named Heath Hall, in North London. In 2015 he sold the house for US$ 30 million.
We believe Panayiotou now lives in a Hilton Hotel in London. Do you know more about mr. Panayiotou’s residence?
Do you know more about his house? Please do send us a message.
He was the owner of the yacht Ability. He sold her, she is now named Rock 13. Do you know who owns Rock 13? Please do send us a message. Update: According to some of our sources he sold the yacht to the Italian Benatti family. They own the famous BAUER Hotel in Venezia. But other sources claim that the yacht is owned by Thomas Kato. Kato is based in Florida and is the founder of Rock 13 Tequila.
Panayiotou is now the owner of the yacht Panam, built at Cerri in 2021.
He owns a Bombardier DB 300 private jet. The jet has registration G-MRAP. The jet had a cost price of around GBP 7 million (US$ 10 million). It was built in 2004. The jet bears the logo of the Ability Group.