Andreas Panayiotou (born January 1966) is a British property developer, the founder of Ability Group, and once the UK's largest private landlord, until he sold up in 2006/07 and moved into hotels.

Early life

Panayiotou was born in London, the son of Cypriot parents. He never really learnt to read and left school aged 14 without any qualifications. He was kicked out for punching his PE teacher, and went on to become the Essex under-16 amateur middleweight boxing champion.

Career

He started working for his father, before buying an Islington house, converting it into flats, and building one of the UK's largest buy-to-let empires, selling about 7,000 flats and houses in 2006–07, and moving into hotels. According to Panayiotou,

I was the largest private landlord in the UK. I was looking at the returns on my investment – they had been 25%-plus during that period. Then the market started to understand residential; there was the buy-to-let phenomenon ... yields went from 25% to about 3% over the period. To me, it became very straightforward. It wasn't a good investment. I found myself with a big war chest
n 2007 N, or n, is the fourteenth letter in the Latin alphabet, used in the modern English alphabet, the alphabets of other western European languages and others worldwide. Its name in English is ''en'' (pronounced ), plural ''ens''. History ...
Where do we go from there? The nearest asset class to residential is hotels. Looking at hotels you can add more value, as against residential where, once it's built and let, you're relying on indexation on rents – with hotels you can improve facilities – build a gym, conference facilities.

His company, Ability Group, had seven hotels in 2011. As of June 2011, he has a £400 million net worth.

Personal life

He has two sons from his first marriage. He and his second wife Susan live on a 20-acre estate in

Epping Forest Epping Forest is a area of ancient woodland, and other established habitats, which straddles the border between Greater London and Essex. The main body of the forest stretches from Epping in the north, to Chingford on the edge of the London ...

, and have three daughters. In May 2014, his sons, George and Costas Panayiotou, were jailed for six months (suspended for 18 months) and 15 months (suspended for 18 months), respectively, after an unprovoked street attack on an off-duty police officer, which left with him a fractured eye-socket and titanium plates in his cheek. One online petition calling for prison sentences received over 30,000 signatures. Panayiotou owns a £40-million

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jet, a £12-million Mangusta 130 yacht, and two

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jets, as well as a

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, Lamborghini LP700,

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convertible, and a

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References

{{DEFAULTSORT:Panayiotou, Andreas Living people British real estate businesspeople British corporate directors Businesspeople from London British people of Greek Cypriot descent British landlords 1966 births