"Cyprus offers something rare in today’s real estate landscape – a balance between authenticity, openness and vast opportunities," suggests Tal Mashkif, Founder & Managing Director at Marfields Group.
Speaking to GOLD magazine on the occasion of the company receiving an Invest Cyprus International Investment Award, Mashkif also reflects on the values that drive the Group’s work, the evolving real estate landscape in Cyprus and what it means to build with intention in an ever-shifting Mediterranean context.
What drew Marfields Group to invest in Cyprus and how has the island continued to support your long-term strategic vision for the Mediterranean real estate market?
Cyprus offers something rare in today’s real estate landscape – a balance between authenticity, openness and vast opportunities. From the very beginning, we were drawn to its rhythm of life, its light and its layered history. These elements gave us space to create something meaningful. The island has also proven to be agile – from governance to infrastructure – allowing us to realise projects that are ambitious yet rooted in context. This sense of mutual alignment is what continues to guide our long-term vision here.
The company’s portfolio includes landmark developments in Limassol and Nicosia. How do you see these projects contributing not only to urban infrastructure but also to the social and cultural identity of the cities in which they are located?
Each project we undertake begins with a core question: What valuable addition can we bring to this city that it lacks yet deserves? The Ritz-Carlton Residences, Limassol (the first branded residences in Europe) brought international standards of service and design to the island but, more importantly, introduced a new way of living by the sea – refined, quiet and deeply connected to its surroundings. The Olympic Residence in Limassol helped shape the city’s contemporary skyline and redefined how waterfront living could feel. And then there are the Central Park Residences in Nicosia – located in the very heart of the capital, directly adjacent to the Government Block. This is one of the few developments in the city that meets the expectations of high-level business travellers: full-service living, discreet concierge support and a level of comfort that reflects the importance of their work. In a city that is still finding its architectural language, Central Park has become a reference point.
How would you assess the current state of the real estate sector in Cyprus? What areas do you believe require improvement or further development?
The market has matured considerably, especially in the high-end segment. Buyers today are more informed, more discerning – they’re looking not just for assets but for meaning in materials, in layouts, in the way a building lives over time. That’s a positive shift. At the same time, we believe there’s still room to elevate the broader visual language of development on the island. More thoughtful zoning, more support for architectural excellence and more long-term urban vision would benefit everyone – developers, citizens and the cities themselves.
Looking to the future, what are your plans for expanding your services and operations in Cyprus and the broader Mediterranean region? Are there specific projects or strategic objectives you are working on to further enhance your market presence and offerings?
We are continuing to deepen our work in Cyprus. For us, growth is not about adding more projects; it’s about shaping environments that elevate the everyday. Art plays a central role in our process – not as decoration but as a mindset. We believe that architecture, when thoughtfully done, is a form of cultural expression. That’s why, in our case, expansion isn’t driven by scale but by depth, by meaning and by how well a space resonates with its time, its place and the people who inhabit it. Looking beyond Cyprus, we are now preparing to begin operations in Italy – a country where architecture, lifestyle and cultural depth are naturally intertwined. With a strong and experienced team, we feel ready to bring meaningful, design-led projects to a new landscape.
Congratulations on receiving an Invest Cyprus International Investment Award. What does this recognition mean to you and your team at Marfields Group?
This award feels like a quiet nod to the heart we’ve poured into our work since 2006. It reflects our belief that real estate development should be visionary, responsible and deeply human. This recognition highlights not only the projects that we have brought to life in Cyprus but also the philosophy that defines Marfields Group: building with meaning, respect for context and a deep understanding of how people live, develop businesses and entertain. For our team, this award shows that our shared values, consistency and commitment to excellence resonate both with the market and the community. Knowing that our approach is truly appreciated – that means even more than the award itself.
Marfields Group
Marfields Group, founded in 2006, is a visionary real estate development company with a portfolio of landmark residential and mixed-use projects. Since its inception, the Group has become known for creating architecturally distinct properties that blend contemporary design, premium quality and attention to detail. The Ritz-Carlton Residences and the Olympic Residence (Limassol) and the Central Park Residences (Nicosia) have reshaped traditional concepts of luxury lifestyle. By combining an innovative, imaginative and intelligent approach with the unique needs of its clients, Marfields Group has established itself as one of the leading specialists in Cyprus in all aspects of first-class real estate.
This interview first appeared in the July edution of GOLD magazine. Click here to view it.
