Our Real Estate team has the expertise to guide our clients throughout the life cycle of their real property assets.
regularly advises clients on cutting-edge deals
The Legal 500 EMEA 2019
extremely happy with the quality of advice received ... very efficient and effective
Chambers Europe 2018
very professional, efficient and highly recommended
Chambers Europe 2016
the lawyers do their homework and are always ready, willing and able
Chambers Europe 2015
We have a history of advising on complex transactions, ownership structures, developments and financings involving significant properties. Our lawyers have advised government agencies and authorities and contributed to the drafting of the town planning and zoning regulatory framework and new laws and regulations in this sector.
We provide a cross-practice offering which encompasses the acquisition, development, commercialisation, management and disposal of residential, touristic, commercial and industrial assets. Our clients include investors, banks, financing institutions, public bodies, non-profit organisations, developers, construction companies, retailers, high-net-worth individuals and real estate trusts and funds. We have acted in major hospitality, secondary residential, touristic and office space development, cinema complex, mall and logistics center projects, as well as marina, renewable energy and other infrastructure projects.
We advised Astir SA in the issuance of a bond loan by Astir Palace Vouliagmenis for the additional financing of the refurbishment, reconstruction and development of the Astir luxury hotel properties, a landmark Greek hotel, and the Astir marina located on the Athens Riviera, with the National Bank of Greece acting as arranger, bondholder agent and facility agent and National Bank of Greece and NBG Malta acting as subscribers.
We advised Bank of Cyprus PCL acting in various capacities including facility agent, security agent, original lender and revolving lender, in their entry into an amendment and restatement deed for an existing credit agreement and an intercreditor agreement relating to a €55m secured term loan and revolving facility granted to a Cyprus based legal entity running luxury hotel properties on the island of Cyprus.
We are advising a leading global private equity investment firm on the acquisition of a touristic resort development, consisting of two five star hotels and other leisure facilities on the island of Rhodes, including on hotel management and operation agreements and real estate financing.
We advised Eurobank Ergasias SA as bondholder agent, facility agent and hedging bank and Eurobank Ergasias SA, Piraeus Bank SA and Alpha Bank SA as initial bondholders in respect of a €72m bond loan issued by Pylaia SA for the refinancing of existing financing and general corporate purposes in connection with Mediterranean Cosmos Shopping Center, a landmark Greek shopping center located in Thessaloniki.
We advised Jermyn Street Real Estate Fund IV LP, a fund managed by AGC Equity Partners, acting through its subsidiary Apollo Investment ΗoldCo, regarding the redevelopment and expansion of the Vouliagmeni Marina.
We are advising a leading city hotel located in Chania on the island of Crete, on their day to day business and operation, including all relevant agreements with clients and suppliers.
We are advising one of the largest Middle-Eastern real estate private equity and sovereign funds in relation to the disposal of a real estate portfolio consisting of four hyper-markets located in Athens and Thessaloniki, involving real estate and town planning issues.
We continue to advise Jermyn Street Real Estate Fund IV LP, acting through its subsidiary Apollo Investment ΗoldCo, in relation to the negotiations and the execution of sale and purchase agreements with respect to plots within the Astir Palace Vouliagmeni Property for the construction of luxury residential villas.
We advised Jermyn Street Real Estate Fund IV LP, acting through its subsidiary Apollo Investment ΗoldCo, together with Astir SA, owner of the Astir Palace Vouliagmeni resort (now Four Seasons Athens), with regard to the management, operational and all related contracts concluded with Four Seasons for the management and operation of the resort.
We advised a private equity fund focusing on luxurious hospitality projects, both resorts and secondary residential, mainly in the area of Ermioni in Peloponnese, on their potential investment for the acquisition and re-development of 2 summer resorts in Greece owned and operated by a leading international operator specializing in all-inclusive holidays.
We are advising HRADF in the structuring, development and international tenders of its private real estate assets in the context of the obligations undertaken by Hellenic Republic pursuant to the Memorandum of Understanding with the IMF, EU and ECB. The proceeds of the privatisations carried out by HRADF is calculated at approximately €16bn. Recent transactions include the public tender for the disposal of Castelo Bibelli, a hotel and residential project, and the public tender for the disposal of the ownership of the Kassiopi touristic and residential project, both located on the island of Corfu. We also advise HRADF on several real estate law issues based on both Greek and EU legislation, in the context of the Hellenic Republic real estate exploitation and development program.
We are advising Blueland SA, a T. Angelopoulos Group company, on the re-negotiation of a €45m financial leasing with Eurobank Leasing, regarding a 16,000sm AAA office space building in the greater area of Athens.
We advise an international watch manufacturer on an ongoing basis in relation to their corporate retail spaces in Greece.
We are advising a financial leasing company on the negotiation, drafting and execution of leases and sub-leases of office space and retail properties in the greater area of Athens.
We advised a consortium of international financing institutions including the EIB and EBRD on the real estate law issues arising in the context of the project financing of TAP’s development of a c.871km gas pipeline connecting to the Trans-Anatolian Natural Gas Pipeline from the Greek/Turkish border and running through Greece and Albania to Italy, connecting with the Italian natural gas distribution system near San Foca, under the sponsorship of AzTap GmbH, Snam Spa, BP Gas Marketing, Fluxys Europe, Enagas Internacional, S.L.U. and Axpo Trading.
We advised Hellas Capital Leasing REIC in relation to the disposal of two high profile commercial properties, one located in the centre of Athens and the other in Glyfada, Attika, currently operating as Vassilopoulos hypermarkets. The properties were acquired by Grivalia Properties REIC. We carried out the vendor’s due diligence and participated in the drafting of the transaction documentation.
We advised a high net worth Greek entrepreneurs’ family in relation to the disposal of a complex of luxurious secondary residences located on the island of Mykonos and on a five star hotel project currently at the stage of building and environmental approvals.
We advised RCB Bank Ltd, a Cyprus credit institution, on the granting of a €28m term loan to a Greek company for the refinancing of existing bank debt and financing of the development of luxury hotel properties located on the island of Rhodes. The loan was secured over real estate assets and receivables.
We advised Jermyn Street Real Estate Fund IV LP, acting through its subsidiary Apollo Investment ΗoldCo, together with ASTIR SA, owner of the Astir Palace Vouliagmeni Hotel (now Four Seasons Athens), located on the Attica Riviera, in the context of the tender for the appointment of a contractor for the redevelopment of the resort.
We advised Hellas Capital Leasing REIC in relation to the disposal of two, triple A commercial properties, one located in the area of Marousi, Kifisias Avenue and the other on Sygrou Avenue, currently operating as MediaMarkt retail stores. The properties were acquired by Grivalia Properties REIC. We participated in the negotiations and in the drafting of the transaction documentation.
We advised Värde Partners in their acquisition of a controlling stake in Trastor, a Greek listed real estate investment company, by purchasing existing shares in Trastor held by Piraeus Bank and subscribing for new shares in Trastor issued pursuant to a rights issue.
We advised Jermyn Street Real Estate Fund IV LP, a fund managed by AGC Equity Partners, acting through its subsidiary Apollo Investment ΗoldCo, in its capacity as the leading member of the consortium being the successful bidder in the international tender of the Hellenic Republic Asset Development Fund (HRADF) and the National Bank of Greece for the privatisation and re-development of the Astir Palace Vouliagmeni resort, located on the Attica Riviera.
We advised the Hellenic Republic Asset Development Fund (HRADF) in connection with the privatisation process of a real estate asset located in the area of Porto-Heli in the Peloponnese. The project consisted of an international tender for the creation of a touristic development including hotels, condos, villas, a golf course and a private airport in Athens.
We advised the Hellenic Republic Asset Development Fund (HRADF) in connection with the privatisation process of a portfolio of preserved residential buildings in the area of Acropolis, Athens. Our advice covered the assets’ legal maturity process, the tender process through electronic auctions, the negotiations, the drafting of transaction documents with the counterparties and the closing of the transaction.
We acted for the French private equity fund FLORAC in their entry into equity contribution and management agreements, as partners with Oaktree Capital Management and Goldman Sachs, in relation to Sani Resort, one of Greece’s largest 5-star touristic and residential developments, and the Oceania Beach and Ikos Resort, both 5-star hotels and all located in the area of Chalkidiki, in Northern Greece.
We advised Blueland SA, a T. Angelopoulos Group company, in their negotiation with a leasing company for the sale and lease back of a AAA office space building in the greater area of Athens and in their negotiation and completion of a transaction involving the disposal of an SPV owning a AAA office space building located in the centre of Athens. We also advised entities within the same group on the lease and sub-lease of their premium office space buildings in Central and Greater Athens and the re-structuring of their real estate financing structure.
We advised one of the largest Middle-Eastern real estate private equity and sovereign funds in their c.€150m acquisition and leaseback investment of four hypermarkets located in Athens and Thessaloniki and on the real estate entities created by the fund in Greece.
We advised a financial leasing company on the negotiation, drafting and execution of leases and sub-leases of office space and retail properties located in the greater area of Athens to a major multi-national electronic and electrical equipment retailer.
We advised Elbit Cochin in their participation in the international tender issued by the Hellenic Republic Asset Development Fund (HRADF) for the privatisation and development of the former Hellinikon Airport area in Athens.
We acted for Dolphin Capital in their participation in the international tender of the National Bank of Greece and the Hellenic Republic Asset Development Fund (HRADF) for the privatisation and development of the Astir Palace Vouliagmeni area in Attica.
We advised a leading Chinese real estate group in relation to a potential real estate touristic acquisition and development project in Greece.
We advised APN/UKA European Retail Trust in the disposal of Zenon-Marinopoulos/Carrefour Hypermarkets Real Estate Portfolio.