On June 30, 2025, the largest transaction in the Cyprus residential property market took place. The Real Estate Management Unit of the Bank of Cyprus (REMU) completed the sale of Secret Valley Golf Resort , also known as Venus Rock Golf Resort , an international company Schoeller Holdings , part of Columbia Group . The deal value exceeded €130 million , making it one of the most significant in the history of the Cyprus market.
What is Secret Valley ?
The property, located between the Limassol and Paphos districts, comprises a 5.5 million sq. m. site with 850 metres of coastline , rolling green hills and a golf course with a clubhouse. It was considered the largest asset in REMU’s portfolio and was previously owned by Aristo Developers . In 2016, REMU acquired the site under a debt -to- asset scheme. swap ), with the overall value of the agreement made at that time being around €200 million .
The buyer of the property was Schoeller Holdings Ltd is a private international investment company with Cypriot roots, founded in 1978 by Heinrich Scheller , who has lived and worked in Cyprus for almost 50 years. The holding manages:
- Columbia Shipmanagement is one of the largest shipping companies in the world;
- Columbia Hotels & Resorts – including prestigious Columbia Beach Resort V Pissouri ;
- Columbia Restaurants – with more than 15 brands in the restaurant industry.
According to sources, Scheller is personally impressed by the size and location of Secret Valley and plans to create a multifunctional resort complex here , capable of becoming a new center not only for elite guests, but also for a wide audience . The project promises to become an architectural and investment landmark not only for the Paphos region, but for the entire country.
REMU Strategy: Reducing Assets and Realizing Goals
Deal with Schoeller Holdings was not just a major success for REMU, but a testament to the effectiveness of its strategy. In the first six months of 2025 alone, the division exceeded its goals for reducing the cost of the managed portfolio.
At the beginning of the year it was valued at €660 million , by the end of March it had fallen to €634 million , and the goal by the end of the year is to reduce it below €500 million . Secret sale Valley , as well as the recent implementation of the Neapolis project Smart Exness ‘ € 70+ million EcoCity has enabled this target to be achieved ahead of schedule.
For comparison: in January 2019, REMU managed real estate worth almost €1.5 billion . A portfolio reduction of more than three times is an indicator of effective asset management and successful implementation of investment policy.
Secret sale deal Valley Golf Resort has become a turning point in the history of the Cyprus residential property market. This event highlights not only the confidence of international investors in the Cyprus market, but also the maturity of REMU’s asset management strategies.
The new project, which will be implemented in one of the most picturesque spots on the island, promises to become an important resort, investment and infrastructure center, capable of strengthening Cyprus’ position as one of the leaders in Mediterranean tourism and luxury real estate.
