REAL ESTATE

Through the years, we have advised on the some of the largest real-estate transactions that have taken place in the Greek market and have a track record of navigating foreign investors through the complexities of Greek zoning, town planning and environmental laws.
 

Our Real Estate practice is consistently rated as a leading and Top-Tier practice and has received numerous awards and international recognitions. Our Real Estate lawyers have accumulated a wealth of expertise through their involvement in large scale real estate developments that took place during the Athens Olympic Games in 2004 and some of the largest leisure and hospitality developments that include land based casinos. Recent highlights include advising the buyers in:

  • Τhe largest real-estate transaction reported to have taken place in Greece
  • Τhe acquisition of the majority stake of the largest Greek REIC
  • Τhe acquisition through a privatization process of the largest sea side resort in Greece
  • Α series of significant acquisitions of Greek private islands
  • Τhe acquisitions through international tender processes of Greek land based casinos

We regularly advise on the development, construction, purchase, sale, leasing and financing aspects of transactions involving real estate assets in the commercial, retail, industrial, residential, leisure, tourism and hospitality sectors. We also lead our clients through the complexities of the regulatory framework governing land use and planning. Our advice often spans property purchase, construction, development and financing, as well as the issues and contractual relationships arising from its commercial exploitation.

We have an expertise in advising on privatisations and state concessions in the area of real estate. We have also developed a specialisation in Greek Real Estate Investment Companies (REICs) and advised the Athens Stock Exchange on the Greek REIC legislation and investors investing in Greek REICs.

 
Papapolitis & Papapolitis’ ‘professional’ department takes a ‘direct’ approach, and is ‘attentive to the needs of the client’.
Papapolitis & Papapolitis ‘pays tremendous attention to detail and has the depth and capability to handle major, large-scale developments’.
Papapolitis & Papapolitis has ‘the best practice for large, complex real estate developments’, and provides ‘exemplary’ service and ‘a very high level of professionalism’. 
Papapolitis & Papapolitis is ‘the Rolls-Royce of legal advisers in the Greek market; its deep industry knowledge and commercial approach make it a first port of call for complex and large transactions’.
Papapolitis & Papapolitis wins the Global Law Experts Best Capital Markets Law Firm Greece - 2013, Best Gaming Law Firm Greece - 2013 and Best Commercial Property Law Firm Greece - 2013.
Papapolitis & Papapolitis is recommended for its ‘exemplary’ service and ‘very high level of professionalism’.
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January 2014
York Capital in its €125 Million Investment in Invel Real Estate’s €653 Million Acquisition of 66% of NBG Pangaea REIC
Papapolitis & Papapolitis acted for investment management firm York Capital Management (UK) Europe Advisors, in respect of their investment in Invel Real Estate Partners’ €653 Million acquisition of a 66% stake in NBG Pangaea Real Estate Investment Company from the National Bank of Greece. The team advised on the negotiation of the terms of York’s €125 Million investment and on banking, regulatory, capital markets, corporate and antitrust matters, working alongside counsel in the UK, Italy, The Netherlands and Luxembourg.
November 2013
The Dogus Group in the Acquisition of the Astir Palace Hotel
Papapolitis & Papapolitis acted for Dogus Holding in its successful €400 Million bid as an investor in Jermyn Street Real Estate Fund IV, to acquire 85% shares of Astir Palace from the National Bank of Greece and the Hellenic Republic Asset Development Fund, signifying one of the largest privatizations and M&A transactions and the second largest real-estate transaction in the Greek market for 2013.
January 2012
Rhodes Development Company in its €60 Million Leisure Development in Rhodes
Papapolitis & Papapolitis advised Rhodes Development Company in their proposed €60 Million development on the island of Rhodes.
January 2012
Hellenic Business in their Renewable Energy Development
We advised Hellenic Business Energy in their development of photovoltaic parks and the acquisition of real-estate properties throughout Greece.
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