04.10.2022
Dolphin Capital Investors is in the process of selling its stake in Aristo Developers starting in the fourth quarter of 2022.
As reported in the first half results of Dolphin Capital Investors Limited, the company has entrusted AXIA Ventures Group Limited with the process of selling its 47.9% stake in Aristo.
Gross sales of Aristo, a 47.9% subsidiary of Dolphin Capital Investors, grew by 65.8% in the first half of 2022 compared to the same period in 2021, with buyers from Cyprus and other European Union countries accounting for 41.6% of sales.
In more detail, in the first half of 2022, Aristo Developers (47.9%) achieved the sale of 44 houses and plots with a total value of 13.9 million euros, recording an increase of 65.8% compared to 8.4 million euros in the corresponding period last year . 2021.
At the same time, by the end of August 2022, 63 houses and land plots were sold for a total of €19.3 million , up 71.7% compared to €11.3 million at the end of 2021.
It is noted that during 2022, the majority of buyers were Cyprus and Russia, while the respective shares were 32% and 26%.
