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.

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 has an excellent track record for advising on high-end complex mandates across the commercial, retail, industrial, residential and hospitality sectors
According to clients, Nicholas Papapolitis is "business-minded with a clear understanding of the expected commercial goals."
According to clients, Papapolitis & Papapolitis has ‘the feel of a Magic Circle firm
Papapolitis & Papapolitis is ranked by Chambers Global 2018 for its work in Corporate/Commercial.
VIEW ALL AWARDS
January 2020
Investment in branded luxury resort
Papapolitis & Papapolitis advised a multibillion US asset management firm in relation to its investment and development of a branded luxury resort on the island of Corfu.
December 2019
Aquisition of La Residence Hotel Mykonos
Papapolitis & Papapolitis acted for Reubens Brothers in relation to the acquisition of the La Residence Hotel located on the island of Mykonos in Greece.
October 2019
BrookLane Capital Investment in Logistics Center
Papapolitis & Papapolitis acted for private equity investor Brook Lane Capital in their investment in a Greek logistics center.
June 2019
Invel acquisition of NBG Pangaea REIC
Papapolitis & Papapolitis advised Invel Real Estate (Invel), on the completion of Invel's acquisition of a 32.7% stake in NBG Pangaea REIC (“Pangaea”) for a consideration of €390 million, from the National Bank of Greece (“NBG”), in one of the largest M&A and real-estate transactions to take place in Greece.  The P&P team also advised Invel on the debt financing it received from Piraeus Bank, the European Bank for Reconstruction and Development (EBRD), Astro Bank and Hellenic Bank.
February 2019
Acquisition of Hilton Athens Hotel
Papapolitis & Papapolitis acted for a private multinational enterprise in relation to its acquisition and investment in the Athens Hilton Hotel.
January 2019
Acquisition of Hilton Nicosia Hotel
Papapolitis & Papapolitis acted for Invel Real Estate in its capacity as majority shareholder of NBG Pangaea REIC for the acquisition of the Hilton Nicosia Hotel.
January 2019
Investment in Leading Hospitality Company
Papapolitis & Papapolitis acted for a private multinational enterprise in relation to its investment in a premier destination developer and operator in the high-end tourism and real-estate sector.
October 2018
Acquisition of Nikki Beach Porto Heli Hotel
Papapolitis & Papapolitis acted for Invel Real Estate in relation to its acquisition of the Nikki Beach Porto Heli Hotel
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.
1 of 2