Real Estate
OUR PRACTICE INCLUDES THE SALE AND PURCHASE OF PRIVATE AS WELL AS PUBLIC PROPERTIES.
Our Real Estate team has the necessary expertise and know-how to ensure all-encompassing legal support to its clients in all steps of pursuing an investment in real estate property. Our legal expertise covers all types of realty, either contained in a town/city plan or not, including residential buildings, commercial property /shopping malls, tourist settlements, industrial infrastructures, wind farms, quarries and mines, hospitals, ports, logistic centers as well as acquisition of real estate / residence permit.
WE PROVIDE DIVERSIFIED LEGAL SERVICES IN CONNECTION WITH:
- legal due diligence on real estate: examination of ownership status and encumbrances, investigation of the applicable land planning regulations (building terms and permissible land uses), and of miscellaneous legal constraints (environmental restrictions, protection of forests, archaeological sites, antiquities, buildings under special preservation regime, traditional sites, coastal areas, etc.)
- investment planning: legal vehicle, financing structure, tax planning
- transaction implementation: negotiation and elaboration of property acquisition contracts, building contracts etc.
- licensing requirements: building licenses, approvals of environmental terms, miscellaneous permits and licenses
- property management and operation: tenancy, leasing and time-sharing contracts, operational regulation, management contracts
- representation in court and dispute resolution
- constant monitoring and update on amendments of the applicable legislation
the National Cadastre: Cadastral surveys – Correction Request /Appeal Application, correction of initial registrations and of cadastral data
EXPERIENCE
REAL ESTATE
REAL ESTATE
- Acting as legal advisor to a real estate development firm in an investor’s participation in the construction and exploitation of an hotel in the costal area of Attica
- Acting as legal advisor to the Hellenic Republic Asset Development Fund (HRADF) during the international tender process for the exploitation of selected Thermal Springs and the facilities thereof
- Acting as legal advisor to an investment firm in the listing by reverse merger of a renowned Real Estate Investment Company (REIC) on the Athens Exchange; in this respect we conducted checks over ownership deeds and legal assessments of leases over 300 properties
- Acting as legal advisors to private individuals as regards the acquisition of vacation houses throughout Greece (indicatively, on Mykonos, Patmos, Hydra, Ermioni -Argolida)
- Due diligence on the ownership status of industrial properties (indicatively, of a power plant, of a pharmaceutical company, etc.), and of hotels (Astir Palace Vouliagmeni, hotel complex in Porto Heli, etc.) within the context of the acquisition process
- Acting as legal advisor to the Hellenic Republic Asset Development Fund (HRADF) during an international e-auction VI for the development of the renowned hotel “LITO” located in Chora, Mykonos, against a consideration of 16,9 million Euro
- Acting for a major steel company in domestic arbitration proceedings and subsequently before the Cadastral Judge for a dispute concerning a major land concession by the Greek State
- Acting as legal advisor to the Hellenic Republic Asset Development Fund (HRADF) on an international public tender for the acquisition of rights in rem and rights of use on real estate properties with a potential to be developed as Boutique Hotels
- Acting as legal advisor to the Hellenic Republic Asset Development Fund (HRADF) in connection with the privatisation of real estate in London, New York, Washington, Belgrade, Ljubljana, Rome, Brussels, Yerevan, and Tashkent, with a total transaction value of over 60 million Euro
- Acting as legal advisor to the Hellenic Republic Asset Development Fund (HRADF) in connection with the privatization of three (3) Xenia Hotels
- Due diligence on the ownership and spatial planning status of wind farms, in the context of an acquisition process
- Acting as legal advisor to the Hellenic Republic Asset Development Fund (HRADF) in connection with the privatisation of a seaside property, approximately 150.000 sq.m. of surface, in Ermioni, Argolida
- Acting as legal advisor to the Hellenic Republic Asset Development Fund (HRADF) in relation to the elaboration of potential development of selected state-owned real estate properties for privatisation purposes
- Acting as legal advisor to a UK-based real estate fund in the acquisition of real estate property and the development of the business park / commercial center Yialou (Eastern Attica), the leisure center “Escape” at Ilion (Western Attica) and the commercial center “Veso Mare” in Patras
- Acting as legal advisor to a leading cement company in large scale real estate development projects (full legal due diligence on 70 real estate properties and elaboration of development proposals, implementation of coastal property development schemes, comprising site rehabilitation and development of hotel complex, convention center, marina and golf court, etc.)
- Acting as legal advisor to the Hellenic Touristic Properties S.A. in the negotiations with its financial advisor of an agreement regarding the development of a portfolio of 87 major public real estate properties in Greece
- Acting as legal advisor to a multinational Group of electricity generation companies in a complex legal due diligence and the acquisition of real estate property within an industrial zone (VI.PE.) for the purposes of construction and operation of a power generation plant
- Acting as legal advisor to investors as regards a number of real estate acquisitions in Romania
- Acting as legal advisor to GAIAOSE S.A. in an international public tender for the award of a concession contract for the development, financing, management and operation of a building complex within a railway station
- Acting as legal advisor to OLYMPIC PROPERTIES S.A. in an international public tender for the post-Olympic exploitation, management and operation of real estate comprising sports facilities constructed for the purposes of the Athens 2004 Olympic Games
- Acting as legal advisor to banks in the financing of a commercial (The Mall Athens) and residential complex, involving a sophisticated assessment of ownership status and town planning issues, as well as elaboration and negotiation of the financing and collateral agreements
