General Manager - Paphos

About Square One Square One is a Limassol-based residential developer founded in 2021. In under five years the company has achieved over €150M in sales, grown to 35 people and currently has 10+ active schemes across Cyprus. The group is vertically integrating across design, procurement, construction and operations, and its sister company MovingDoors operates 500+ serviced apartments in Cyprus and Dubai at c. 97% occupancy. Athens is the group's first international development market. This is a founding role. The Mandate Launch and lead Square One Paphos, and own its P&L. This is an owner-operator role with real equity participation — not a branch-manager position. The successful candidate will source deals personally in the early phase, hire the team behind them, and carry the commercial result. The advantage over a pure start-up: an established brand, an existing Paphos pipeline, group systems, and a head office one hour away. Phase 1 — Establish (Months 0–6) Open and staff the Paphos office; establish local operating rhythm, systems and reporting into group. Take ownership of the existing Paphos pipeline and drive delivery and sales performance on live schemes. Build the acquisition pipeline: source, screen and negotiate land, antiparochi and JV opportunities across the Paphos district. Underwrite every opportunity in Square One's development appraisal format and present to the group investment committee. Build the local professional and contractor network: architects, civil engineers, quantity surveyors, lawyers, subcontractors. Phase 2 — Scale (Months 6–24) Recruit, onboard and lead a Sales & Business Development Manager. Build out the wider local team across acquisitions, project management and sales. Drive new schemes through permitting and onto site, working with the group technical function. Establish and own the Paphos sales channels: direct, brokerage, and international buyer networks (UK, Israeli, CIS, Middle East). Deliver against agreed GDV, unit volume, margin and cash targets. Ongoing P&L ownership — revenue, gross margin, overhead, cash flow and returns for the Paphos business. Capital — work with the group on bank financing, JV equity and investor relations for Paphos schemes. Governance — planning and building permits, CRCC and licensing requirements, health and safety, employment compliance. Brand — represent Square One in the Paphos market with landowners, agents, banks, investors and buyers. What Success Looks Like By month 12: office established and operating; existing schemes performing to plan on sales and delivery; two new acquisitions closed and underwritten to group standard; Sales & BD Manager hired and productive. By month 24: a live pipeline of four to six schemes; Paphos P&L covering its own overhead and contributing to group; a functioning local team and a repeatable sourcing engine. 8–12+ years in Cyprus residential development, real estate investment or construction, with direct P&L or project-level financial accountability. An active land and antiparochi sourcing network in the Paphos district. This is the single most important criterion — deal flow is the job. Fluent in development appraisal and financial modelling; comfortable being challenged line by line on assumptions. Demonstrable track record taking residential schemes from acquisition through permitting, construction and sale. Working command of the Cyprus planning, construction and tax framework. Fluent Greek and English. Willing and financially able to co-invest personally alongside the group. Desirable Experience launching an office, business unit or new market from zero. Existing relationships with Cyprus banks and alternative lenders. Exposure to international buyer channels and permanent-residency-driven demand. Track record hiring and managing sales teams. Personal Owner mentality. Comfortable with ambiguity and with building process where none exists. High integrity — the group's reputation in a new district rests on this person. Hands-on rather than delegation-first in the early phase. Base salary to be discussed based on candidate experience (senior position) Annual discretionary bonus tied to agreed milestones Profit share: 10% participation in the net profit of the Paphos business, alongside the group's equity return Co-investment: the GM is expected to invest personally into the Paphos vehicle on the same terms as group equity. Vesting: profit share subject to vesting, with good-leaver / bad-leaver provisions Corporate benefits Relocation support available if required All terms indicative and subject to definitive legal documentation.