Michael G. Leptos was a self-made visionary entrepreneur, born and raised in Keryneia in 1937. He established the Leptos Group in the early 1960s, taking the first steps in his hometown Keryneia.
Leptos Estates launched its activities, post Cyprus independence, in 1961, setting off in Keryneia with land development and construction, creating innovative residential and holiday units. In the 13 years leading to Turkey’s invasion of 1974, the Group had successfully completed some major developments in Keryneia and was in the implementation process for a number of other properties, quite innovative for their time. But it all came to a standstill and these properties still remain under occupation. Post-invasion, the Group turned to the Middle East and the Gulf, where he implemented a number of innovative land development projects, with foremost amongst them, Saudia City, a new settlement of 4.000 residential units in Jeddah, Saudi Arabia.
Michael Leptos returned to Cyprus in 1978 and made Paphos the headquarters of his companies.