Exness, a leading retail trading firm, has purchased a 200,000 sqm plot in Paphos from the Bank of Cyprus for €75 million, per Kathimerini Cyprus. The land, near its Limassol office, may be used for an “Exness Campus” to house employees.
The broker, once a major European player, now focuses on emerging markets. Though it no longer shares trading volumes, it remains a top global forex and CFDs broker.
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The Bank of Cyprus acquired the land through a debt swap with the Leptos Group, linked to the stalled “Neapolis Smart EcoCity” project. This sale is REMU’s largest since 2016, reducing the bank’s real estate holdings from €1.6 billion to €575 million.
Notably, Paphos’ mayor recently accused some Cyprus-based forex firms of money laundering, though this claim is unrelated to Exness’ deal.
