Resolute Asset Management announces the joining of forces of their Cyprus operations, effective from 1st July, with Antonis Loizou & Associates to form the largest full service real estate advisory and asset management firm on the island offering the full spectrum of real estate advisory and management services, to banks, investors and real estate clients.
The joint venture brings Antonis Loizou & Associates, which will maintain its name and independent operations, under the umbrella of Resolute Asset Management, which operates across 15 offices in nine countries and employs a total of 180 employees; 80 of whom will now be based in Cyprus.
Established in 1980, Antonis Loizou & Associates is the most reputable and renowned real estate service provider in Cyprus, acclaimed for its proficiency in the sector and offers agency, project management, and property management services. Adding these services to those offered by Resolute Asset Management, a pan-European specialist real estate asset manager and loan servicer, operating in Cyprus since 2012, will enhance the services Resolute offers to banks, investors and corporates. Resolute intends to capitalise on Antonis Loizou & Associates’ experience, peerless reputation, hands-on approach and established presence throughout Cyprus to offer a market leading solution in monetising granular assets and managing clients’ portfolios.
Antonis Loizou, Chairman of Antonis Loizou & Associates and of the new venture stated: “This step allows us to enhance and diversify our service offerings. Utilising our continuously growing expertise and relying on our track record, experience and geographical presence, we will further our capacity to resolve problems and add value to assets to the benefit of our clients.”
Bill Hancock, Co-founder and Managing Partner of Resolute stated: “We are delighted to secure this partnership, which continues our growth as the leading real estate adviser in Cyprus. Importantly, it will allow Resolute, already offering NPL special servicing, asset management, and real estate advisory services, to extend its service offerings and be in a position to facilitate the management and monetisation of assets across the entire spectrum of real estate investments.”