Firms in the Spotlight Real estate and construction

Varnavas Law Firm 1978

Varnavas Law Firm 1978 logo

Established in 1978, Varnavas Law Firm is a boutique Law Firm based in Athens, with expertise in real estate, business and investment immigration law. Their awarded team consists of highly trained lawyers, notaries and financial advisors, who provide their domestic and international clientele with independent and top tier legal services.

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Real estate and construction in Greece

AKL Law Firm

AKL Law Firm, which is entrusted by clients to handle high-profile and complex real estate mandates, is advising Lamda Development on all aspects of the licensing of the €8bn Hellinikon project. The team, which is praised for its ‘high level of technical knowledge’, is also able to advise on property acquisitions, zoning, planning and environmental matters. Constantine Alexiou co-heads the practice with Helen Alexiou, who is renowned for her handling of project development mandates. Alexandros Kosmopoulos is a finance expert. Associate Eleftheria Vassila is also recommended.

Practice head(s):

Constantine Alexiou; Helen Alexiou

Other key lawyers:

Alexandros Kosmopoulos; Eleftheria Vassila

Key clients

Lamda Development S.A.

Eurobank S.A.

Prodea Investments RECI

Grivalia Properties/ Grivalia Hospitality

Piraeus Bank S.A.

Hellenic Republic Asset Development Fund

Lamda Olympia Village S.A.

Lamda Domi S.A.

Pylea S.A.

Invel Real Estate Partners

Brook Lane Capital

RND Ike No

Asset Real Estate Management and

Investments S.A

Work highlights

  • Ongoing advice to Lamda Development on all aspects of the overall licensing of the Hellinikon project.
  • Advising Eurobank S.A. and Piraeus Bank S.A. on a Greek law governed common bond loan facilities loan. This loan is set to become the biggest-ever syndicated loan in Greece.
  • Advising Lamda Olympia Village S.A on the licensing procedure for the largest mall in Greece.

Karatzas & Partners

Karatzas & Partners particularly distinguishes itself acting for REICs such as Noval Property, Trastor and Grivalia. Its team also has notable expertise in hotel acquisitions and related financings; in 2020, it acted for Prodea Investments REIC on the sale of a shareholding stake of its Cypriot subsidiary MHV Ltd to Papabull. It is also active in due diligence covering land registries and cadastres, real estate financing and hotel acquisitions. The practice is led by Vassiliki Salaka, who acted for Hellenic Public Properties Company on the open tender process for the sale of a property in the northern part of the Skaramagkas Shipyards.

Practice head(s):

Vassiliki Salaka

Other key lawyers:

Christina Faitakis; Argyro Vagia; Alexandros Anagnostopoulos; Athena Economou

Testimonials

‘The collaboration with K&P individuals is perfect. They are always available to receive your questions or additional requirements. At a deadlock, they will always try to find the optimum solution so that a transaction is not cancelled.’

‘They can support a corporation over a wide range of sectors. Extremely experienced and client focused team with excellent business sense.’

‘The team has a result-oriented mentality and can think outside of the box if needed to seek solutions and overcome obstacles that otherwise could be deal-breakers. They can walk the fine line between business and legal sense, and point out real risks that are worth fighting for but also bypass non-essential formalities.’

‘Mrs Vassiliki Salaka was personally engaged throughout the project, fully aware of all the details, personally leading calls and conversations with buyer’s advisers and available at short notice.’

Key clients

National Bank of Greece S.A.

H&M Hennes & Mauritz

Eurobank S.A.

Lamda Development S.A.

Prodea Investments Real Estate Investment Company

Viohalco S.A.

Hellenic Public Properties Company SA (ETAD)

Italgas S.p.A.

Work highlights

  • Acted for Hellenic Public Properties Company SA on the management and exploitation of former state-owned properties in Greece, through the open tender process organised by the ETAD.
  • Advised Lamda Development SA on development and financial aspects of its involvement in Project Hellinikon.
  • Advised PRODEA Investments REIC on its participation in a joint venture with Diamond S.A. for the development of Piraeus Tower.

PotamitisVekris Law Firm

PotamitisVekris Law Firm has a diverse client roster comprising developers, lenders, private equity funds and both local and international investors. It is acting for Piraeus Bank on financing the acquisition and reconstruction of a hotel purchased by Henderson Park and Hines. George Bersis is the head of the practice. Other notable individuals include Theologos Mintzas, who was promoted to partner in August 2021, and senior associate Amalia Balla, who is experienced in handling property acquisitions through share and asset deal transactions, as well as related financings.

Practice head(s):

George Bersis

Other key lawyers:

Euripides Ioannou; Theologos Mintzas; Amalia Balla

Testimonials

‘Among the important strengths of the team are efficiency, adaptation, quick response and high communication skills.’

‘The team has in-depth knowledge of the real estate and construction sector and offers helpful and realistic advice. That means that if they consider the proposed strategy is not the best, they justify why and look for alternatives. The quality of the documents they produce is high and their reviews are really detailed.’

‘Theologos is consistent and concerned about the client’s needs at all times, always looking for the best alternatives to the queries, problems and matters raised. He is tireless, reliable and shows high negotiating skills.’

‘Very experienced in project finance, very hard working, timely delivery, excellent collaboration, significant diversity in areas of knowhow.’

‘Mr Euripides Ioannou is very committed to supporting us, always available, very experienced in project finance and delivers without delays.’

‘Amalia Balla; diligent, attention to detail, efficient under time pressures, always timely even in tight deadlines.’ 

‘Very skilled professionals with deep knowledge of the legal framework concerning the real estate finance.’

‘Excellent collaboration, devoted to the project personnel with soft communication skills.’

Key clients

Treppides Investments & Holdings Ltd

Upstream SA

JB Capital Management

Lafarge Beton (Holcim Group Services)

Molonglo SA

Antenna Group

Alpha Bank

Benaki Museum

Lamda Development SA

National Bank of Greece SA

Bank of Cyprus

The Blackstone Group

HI Partners

Dromeus Capital Management

Grivalia Management S.A. (former Grivalia Properties REIC)

Fairfax Financial Holdings

Grupo Dolphin (Argentina)

Hellenic Republic Asset Development Fund

LBRI (Ikos & Sani Hotels)

Mitsis Group

Oaktree Capital Management

Piraeus Bank

PQH

FOURLIS HOLDING SA

Premia Properties

Hines US LLC / Henderson Park

Work highlights

  • Advised private equity consortium on the due diligence, negotiations and acquisition of a Greek hotel company.
  • Advised HIP/Blackstone on the drafting, negotiation and due diligence of the acquisition of a luxury boutique hotel in Elounda, Crete, to be refurbished and operated as a 5 star hotel.
  • Advised international cement company in the due diligence and acquisition of a quarry and RDM plant business from a major Greek cement company.

Andersen Legal - Pistiolis - Triantafyllos & Associates Law Firm

As a member of the Andersen Legal global network, Andersen Legal - Pistiolis - Triantafyllos & Associates Law Firm is well placed to advise on foreign real estate investments in Greece. The team acts for both Greek and international real estate and construction companies, as well as high-net-worth individuals, advising on the construction of infrastructure projects in the energy, transport and social care sectors, and high-value acquisitions of commercial and residential developments. At the helm of the practice, managing partner Theodore Pistiolis is noted for his construction expertise, frequently assisting with the development of major domestic infrastructure projects, and Vanita Kiriakouli focuses on corporate real estate matters, including leases, the sale and purchase of land, and plot development.

Practice head(s):

Theodore Pistiolis; Vanita Kiriakouli

Testimonials

‘High level of expertise, strong team, business-oriented approach, great collaboration.’

‘Vanita Kiriakouli is an expert in real estate, with longstanding experience. She is a problem solver, focused and has in-depth knowledge of the Greek market.’

‘What makes this practice unique is the attention to the projects’ details and the attention to the clients’ specific needs and concerns. In addition, they have the ability to resolve issues between the parties if they reach a deadlock.’

‘I have extensive experience of working with Vanita Kiriakouli, who I find is exceptionally skilled in understanding the client’s requirements and always finds ways to legally protect the client and at the same time persuade the other side to stay at the table and close the deal.’

‘I have had the opportunity to work with the Andersen Legal team on many projects. Since our first meeting, I have been impressed by their enthusiasm and positive approach, and their know-how and industry expertise, which covers the full spectrum of real estate issues. They have a high level of professional services, an excellent reputation in the Greek market, excellent client services and tailor-made solutions that fit any legal challenge.’

‘We usually work with Vanita Kiriakouli, and I can say for certain that she is a great lawyer. She has strong analytical business and communication skills combined with vast experience in real estate. She is hardworking, passionate and unquestionably motivated by getting the job done. She is a highly skilled lawyer who can handle very demanding jobs.’

‘The team offers high-quality advice and industry expertise. Their experience in real estate and construction matters is impressive. They demonstrate real commitment to deliver results, no matter what. The team works with consistency, in order to ensure that the client’s needs are being met. Over the last few years, the firm has significantly invested in building strong relationships with its clients. They never cease to surprise us with their proactiveness, premium services and innovative solutions.’

‘Theodore Pistiolis is a top lawyer whose skills are uniquely combined with those of Vanita Kiriakouli. They both have vast experience and a winning and can-do attitude. Vanita Kiriakouli is an excellent lawyer who is credible and committed, and always focused on the client. The partners supervise their teams at every step of the work to ensure excellent results. They are the type of leaders who stretch themselves and go the extra mile to achieve the best possible results.’

Key clients

V-RIDIUM

KAYAK

TETRAKTYS

INTRAKAT SA

SAVILLS

INTRADEVELOPMENT

PYRAMIS SA

2002 ATE

TOP PROPERTIES SA

FTELIA PROPERTY LTD

GEFSINOUS

ENGIE HELLAS S.A.

Work highlights

  • Acted alongside Savills in advising a major Greek banking institution on the ownership title, urban planning and licensing due diligence for hundreds of its properties.
  • Advised Cyprus-based real estate company Lax Roman Lion on the acquisition of a 150,000 sq m property in Peloponnesus.
  • Advised Roditsa Energy Community on the development of 18 separate renewable energy projects with a capacity of 90MW each.

Bernitsas Law

Bernitsas Law advises on a wide array of real estate matters, including planning, land use, finance, tax and development. It is also active in real estate investment transactions and is assisting Luxembourg-based fund Darzalas Capital Sal with its Greek investments, including real estate assets acquired in the context of M&A of Greek entities. It has also advised Percassi on the execution of numerous lease agreements relating to the operation of Nike stores in particular Greek stores. Panayotis Bernitsas leads the team, which also includes experienced senior associate Christina Zakopoulou.

Practice head(s):

Panayotis Bernitsas

Other key lawyers:

Christina Zakopoulou

Key clients

Crown Holdings Inc

DARZALAS Capital S.à.r.l

Percassi

Rocco Forte Hotels

SMB Capital

The Hellenic Republic Asset Development Fund

Work highlights

  • Advised SMB Hotels Holdings BV on the acquisition of already existing hotels or other buildings to be transformed into boutique lifestyle hotels, located in the center of Athens.
  • Advised Rocco Forte Hotels on its entry into a hotel management agreement for the management and operation of luxury hotels to be developed in Athens and on Mykonos.
  • Advised Percassi on the leasing and operation of the new Nike mono-brand stores around Greece.

Dryllerakis & Associates

Dryllerakis & Associates demonstrates strong capabilities in high-profile transactions and is noted for its ability to provide specialist advice on zoning, planning and licensing matters. It is acting as the main legal adviser on the Casino of Parnitha project, planning its relocation from its current mountaintop location to a suburban area in Athens. Of counsel Maria Stoumpidi has extensive experience of strategically-significant planning matters. She co-heads the practice with Stella Yannika, who is best known for her handling of construction contracts and project finance.

Practice head(s):

Maria Stoumpidi; Stella Yannika

Other key lawyers:

Eleftherios Rantos; Panagiotis Georgiopoulos

Testimonials

‘The firm displays legal, and business understanding and provides justified, solid opinions, solutions and resolutions to problems. Its accuracy and determination to meet deadlines makes Dryllerakis & Associates a valuable and worth trusty partner.’

‘John Dryllerakis; for his breadth of knowledge and overall perspective of Greece and the Greek legal system.’

‘Maria Stoumpidi handles around 90% of all our work and has an exceptional appreciation of how to combine the different legal and commercial strands of our business.’

‘Deep knowledge of practice; problem solving approach.’

‘Excellent assistance in negotiations and execution of the contracts.’

Key clients

DIMERA GROUP

ETAD (Public Properties Company)

Lamda Estate Development S.A.

Minoan Group plc (Loyalward)

Praktiker Hellas S.A.

Regency Entertainment Group (including Hellenic Casino Parnitha S.A.)

Thessaloniki Port Authority S.A.

Work highlights

  • Advised Lamda Estate Development on the sale of two properties in Spata, within the developing Business Park of Petra Yialou.
  • Advised Regency Entertainment Group on acquiring outline planning consent for change of land uses so the Mont Parnes Casino may re-locate in an urban area in broader Athens.
  • Advised Minoan Group plc on the re-negotiation of an 80 year development contract for the exploitation of a huge estate, over 6,000 acres, for tourism and residential use after having previously secured outline planning consent to allow tourism in an otherwise rural, environmentally protected area.

Koutalidis Law Firm

Koutalidis Law Firm is a strong choice for advice on real estate transactions involving complex financing and structuring requirements. It also advises clients on lease agreements, sale and leaseback schemes, real estate finance, construction agreements, M&A, planning and zoning, among other matters. On the contentious side, real estate litigation is also a pillar of the practice. The team is jointly led by Gregory Logothetis and Ioannis Kaptanis.

Practice head(s):

Gregory Logothetis; Ioannis Kaptanis

Other key lawyers:

Theodora Karageorgou; Manolis Kasotakis; Athina Xynopoulou; Stergios Zygouras

Testimonials

‘Deep legal knowledge; effectiveness; proactive approach; solution finding approach; commitment.’

Key clients

KEKROPS

Bluehouse

McArthurGlen Group

KRITIKA GOLF S.A.

Fraport Greece

Lamda Development

GMR Group Limited

Aktor Concessions S.A.

Aegean Motorway S.A.

Maliakos Kleidi Construction Joint Venture

National Bank of Greece

Piraeus Bank S.A.

Alpha Bank S.A.

Eurobank S.A.

Hellenic Republic Asset Development Fund (HRADF)

Frank E. Basil S.A.

Macquarie Infrastructure and Real Assets

PQH Single Special Liquidation S.A.

HOME CONCEPT EPE

Work highlights

  • Advised Aktor Concessions S.A. on the concession of Alimos Marina, one of the largest marinas in Greece with a 1000 permanent positions with a value of €57.5m.
  • Advised GMR Airports Limited on the concession and financing of the New Kastelli  International Airport, with a value of  more than €850m.
  • Advised all four Greek systemic banks in connection with several drawdowns by Athens International Airport under a common bond loan of up to €100m for five airport related CapEx projects, as well as in connection with an up to €140m bond loan in respect of working capital and operational needs of the Athens International Airport S.A..

Kyriakides Georgopoulos Law Firm

Kyriakides Georgopoulos Law Firm‘s wide-ranging practice covers real estate investments, construction and commercial lease contracts. It recently assisted WIRCON GmbH with various real estate issues associated with the establishment of a joint venture that will develop and exploit a photovoltaic scheme with a capacity of up to 170 MW. In 2020, practice head Elisabeth Eleftheriades acted for Alpha Bank on the financing of nine wind parks.

Practice head(s):

Elizabeth Eleftheriades

Other key lawyers:

Theodore Rakintzis; Kimon Tsakiris; Eleni Iconomidou; Katerina Pipertzi; Penny Oikonomopoulou; Efthymia Pragianni

Testimonials

‘Good relationship with the partner, Elisabeth and her team. Very good availability.’

‘Elisabeth is a great adviser, when I really needed advice – I knew that Elisabeth will see the bigger picture and shall give me the right advice under the circumstances.’

‘They guided us throughout the process and made us aware of potential issues from the outset.’

‘They responded quickly and dealt with many complicated issues. They liaised with all parties, buyers and sellers to ensure a smooth process.’

Lambadarios Law Firm

Lambadarios Law Firm has a depth of experience across property related acquisitions and financing, and it also handles lease agreements, sale and leaseback agreements, zoning issues and property development, among various other matters. It has a notable strength in advising REICs and real estate funds on their property investments in Greece. The firm is assisting European alternative asset management firm Chenavari with a multimillion euro refinancing with a Greek bank, having advised the client on the acquisition of a number of real estate assets. Constantinos Lambadarios and Melina Katsimi, who co-head the practice, act for both domestic and international clients.

Practice head(s):

Constantinos Lambadarios; Melina Katsimi

Other key lawyers:

Prokopis Dimitriadis; Sophia Alonistioti

Testimonials

‘The firm has a pragmatic approach to handling transactions and complex situations, and it is willing to think outside the box and find solutions for problems. Great team with strong experience and coverage of real estate and construction market.’

‘Prokopis Dimitriadis is a very experienced and client friendly lawyer, who is always on top of any issues that arise. He is incredibly responsive, approachable, and always manages to make the complicated simple and deliver quick and clear advice.’

‘It is a law firm that combines a wide spectrum of disciplines in a very professional manner.’

‘They are always approachable and very fast and accurate in their legal opinions, suggestions and advice.’

‘They are enthusiastic, exceptionally professional and thorough in their work, and always available to take on very demanding tasks and time frames.’

‘High level of professionalism. You can rely on the team to complete the project flawlessly.’

Key clients

Grivalia REIC

Hines Inc.

BriQ REIC

Trastor REIC

Wella

Deca Architecture

Pacha Group

Gek Terna

SMP Capital

Brook Lane Capital

Work highlights

  • Advised Hines on a €130m investment in developing a large real estate greenfield asset in the Athens Riviera.
  • Advised Opus on the acquisition of 200 real estate assets to Brook Lane Capital from Eurobank.
  • Advised Hines on the acquisition of three Cayan Group hotels in Crete from the Kefalogianni family.

Papapolitis & Papapolitis

Papapolitis & Papapolitis is able to advise clients on various complexities arising from planning, as well as the regulatory framework governing the use of land. It also assists with purchases, as well as construction, development and financing matters. In 2021, it acted for Prodea Investments on the €9.9 m development of logistics properties in Markopoulo, Attica. John Papapolitis acts for both multinational companies and local clients. He co-heads the practice with George Gravias.

Practice head(s):

John Papapolitis; George Gravias

Other key lawyers:

Nicholas Papapolitis; Evi Tsilou; Panayiotis Papageorgiou

Testimonials

‘We have been highly impressed by the depth of legal knowledge, the professional handling during the delicate due diligence process, and the skillful manner in dealing with all parties involved in the deal, such as lawyers, engineers, notary public etc. Since then we have introduced Papapolitis & Papapolitis to prospective buyers for high-profile residential transactions with excellent feedback each time.’

‘We have worked closely with Nicholas Papapolitis, managing partner of the firm, who has been personally involved with the utmost dedication in the related transactions. We have also worked with Panagiotis Papageorgiou, Head of the Real Estate Division of the firm, top expert in the field and truly a likeable person to work with, always available and flexible to discuss various ways to deal with the complexities of real estate transactions in Greece.’

‘They have amazing industry knowledge.’

‘They have a very large team with in-depth knowledge of the sector.’

‘John Papapolitis is an authority in the market with amazing industry knowledge. George Gravias is outstanding with a huge track record on advising on complex deals. Panagiotis Papageorgiou is extremely diligent and hard working.’

‘Team is oriented towards the best business results; thinks out of the box.’

‘Quick responses and on time delivery. Cooperative individuals and efficient also in larger cooperation structures.’

Key clients

Lamda Development S.A.

APartners Capital

Olayan Group

RSR Estate Holdings S.A.

Soho House

London & Regional Properties

RB Capital Limited

LoneStar Funds

Prodea Investments

Invel Real Estate Partners

Astakos Port Terminal

Fortress Investment Group

Varde Partners

Piraeus Real Estate S.A.

Brook Lane Capital Management

York Capital Management

Titania Hotel Athens

Work highlights

  • Advised Lamda Development S.A. on the €1bn development of the Integrated Resort Casino.
  • Advised RSR Estate Holdings S.A. on the €100m acquisition of a large, mixed-use resort on the island of Evoia.
  • Advised London & Regional Properties on the €80m development of a 5-star luxury resort on Mykonos.

Sarantitis

Sarantitis has a well-established reputation in real estate transactions and construction litigation. It also advises clients on lease agreements and construction and development projects. In one ongoing matter, the firm is acting for Charamida Investments Group on a development project in Glyfada.  Alexandros Athanassiou and Gregory Vlachos are the co-heads of the team, which also includes Dionysis Kazaglis.

Practice head(s):

Alexandros Athanassiou; Gregory Vlachos

Other key lawyers:

Dorotheos Samoladas; Alexandros Metaxas; Dionysia Gamvrakis; Dionysis Kazaglis

Testimonials

The firm has a sophisticated yet simple approach to real estate and construction matters for both individuals and businesses. Clients have easy access to partners and seniors to receive valuable advice in a cost-effective and transparent manner.’

‘The firm is working on a single point of contact basis. Therefore, although the client is working under the support of a team of experts, they have the simplicity to talk with one only member of the team.’

‘We have worked with the Real Estate and Construction team at Sarantitis for years and the firm’s core expertise in this field is spread across all forms of leasing, title ownership, sale and purchase of land and plot development and we feel confident that they are looking out for our interests.’

Key clients

Hildegard A. Hoevel/ Law Firm Hoevel and Colleagues

ENA OKTO S.A.

Iberostar Group

Charamida Investments Group

Yamamay Hellas S.A.

Maria Jose Jarur Rescaglio

Work highlights

  • Advised Hildegard A. Hoevel on a matter of “international bankruptcy” and assisted the bankrupt administrator in the disposal of the real estate property located in Greece, owned by a deceased individual, who was declared bankrupt.
  • Advised Yamamay S.A. on the lockdown legislation adopted in view of Covid-19 pandemic in relation to the commercial leases, in which the Company is a party.
  • Advised Charamida Investment Group in a project of the development of a plot of buildings in the Athenian Riviera, with an approximate value of €2.5m.

Tsoukala and Partners Law Firm

Tsoukala and Partners Law Firm is prominent in high-value real estate and hotel/luxury resort matters, such as property acquisitions and disposals, hotel developments, hotel management and tax matters. Its recent work included acting for a Greek real estate and development company on the acquisition of seven plots of land on a prime Greek island for the construction of luxury villas. Eleni Tsoukala heads up the practice, with support from senior associate Ioanna Moumtzoglou.

Practice head(s):

Eleni Tsoukala

Other key lawyers:

Ioanna Moumtzoglou

Testimonials

‘The Real Estate & Construction team at Tsoukala & Partners is excellent and their services are flawless. I really appreciate the depth and range of their knowledge and expertise in cross-border real estate and hotel transactions, as well as their top-notch legal advice.’

‘In my experience, they are very competent in coordinating all aspects of real estate and hotel transactions and ensure that they run smoothly with minimum input from the client; thus giving the client a highly sought after peace of mind. I was very impressed by the team as a whole.’

‘Eleni Tsoukala, who is dual-qualified in Greece and England, is exceptional in terms of knowledge, speed and expertise. She is fully devoted to clients’ needs and always strives for and achieves the best possible outcome, drawing also from her prior City of London experience. Eleni is also a tough negotiator.’

‘Ioanna Moumtzoglou, who is dual-qualified in Greece and England, is a rapidly rising star. She is extremely thorough, diligent and has great reasoning skills. Ioanna is dedicated, responsive and absolutely great to work with.’

Key clients

The Alpha Bank Group

Dentons

Sidley Austin

The Viohalco Group

Prodea Real Estate Investment Company Société Anonyme

MMG Development S.A.

KMG Development S.A.

Work highlights

  • Advised a company belonging to the Alpha Bank Group on the acquisition of several high-value commercial real estate assets.
  • Advised a real estate and development company on the acquisition of seven adjacent plots of land on a prime Greek island for the construction of luxury villas.
  • Acted for the Viohalco Group in connection with the prospective acquisition of high-value real estate assets.

Zepos & Yannopoulos

Zepos & Yannopoulos has a strong presence in a number of segments of the Greek real estate market, including industrial plants, luxury villas, commercial retail spaces and island developments. In addition to being active in transactions, its team handles development projects and real estate litigation, among other matters. Clients include real estate investment funds, banks, corporates and high-net-worth individuals. Sonia Melegou co-heads the practice with Marina Allamani. Nikos Christoforidis is also a name to note.

Practice head(s):

Sonia Melegou; Marina Allamani

Other key lawyers:

Nikos Christoforidis; Charikleia Vlastou; Mary Georgiou

Testimonials

‘Global & thorough understanding of the law practice in Greece.’

‘The partners & associates I’ve dealt with on different topics were all extremely nice, available, professional and responsive.’

‘Very knowledgeable and very friendly group. Clear and responsive whilst providing good guidance on what is likely to be acceptable or not in-market.’

‘Client service gold stars for Marina Allamani and Charikleia Vlastou.’

Key clients

Aquila Capital Management

Brooke Lane Capital

Generali Group

Imprimerie Nationale

LMEY Investments

Premier Capital Limited

Stavros Niarchos Foundation

Tate & Lyle

Tui Group

Zoia

Work highlights

  • Advised Generali Group on its acquisition from Prodea-Dimand of a 7,500 sq.m office building located in the centre of Athens to house its headquarters in Greece.
  • Advised BrookLane Capital on its acquisition from Alpha Bank group of Alpha Investment Properties II S.A., a real estate portfolio holding company whose assets include the South Polis office complex at the Athens coastal district of Faliro.
  • Advised real estate investor Zoia on its acquisition of an important building in the center of Athens from the largest Greek insurance company, Ethniki Asfalistiki.

AP Legal

AP Legal's team is regularly sought after by foreign investors for advice on investments in residential real estate in Greece. Development work is also a cornerstone of the practice, with it spanning office buildings, industrial estates and rural areas suitable for industrial exploitation. The group is also able to advise clients on lease agreements. Aris Papaspyridis and Ioannis Nakis co-head the practice.

Practice head(s):

Aris Papaspyridis; Ioannis Nakis

Testimonials

‘I really appreciate the business approach of the legal team, its flexibility and efficiency. They have deep experience of the Greek real estate market and they have created an unparalleled practice, giving added value services to clients.’

‘Aris Papaspyridis is an excellent lawyer, combining business and legal knowledge to his work. He is very committed to what he is doing and is truly loyal to support its client in the best possible way. What stands out in the AP Legal real estate & construction practice from the competition, is its responsiveness and focus on details, which makes a big difference to our work and a true spirit of support which makes clients feel comfortable.’

‘Diligent professionals with a good knowledge of the area of law in question.’

‘Aris Papaspyridis is a very responsive and knowledgeable lawyer.’

Key clients

DUBAI IKE PROPERTIES DEVELOPMENT

PIMA SA

PFIZER SA

KERZNER

KUK GmbH

INTERNATIONAL STUDIES ABROAD

ULTRA WHITE SA

SUNMIX INVESTMENT PROPERTIES

EUCLID TRANSACTIONAL UK LTD

ORIZONTES TECHNIKI

ATHANASIOS KALAFATIS

ANTONOULAS FAMILY

SETAREH E- MAHAN LTD

Work highlights

  • Advised PFIZER on the long-term negotiation of lease agreements relating to new premises in Thessaloniki, Greece.
  • Advised Sunmix Investments Ltd on the conclusion of purchase agreements for residential properties, with a total value of €5m.  
  • Advised Athanasios Kalafatis, a high-net-worth private client, on the sale of land located in the centre of Athens of total value €1.7m.

Avramopoulos & Partners

Avramopoulos & Partners is able to provide domestic and international clients with a combination of real estate and tax advice in the context of strategically-significant investment transactions. Its team is also knowledgeable about development projects and finance transactions, sale and leaseback transactions, office/industrial leasing and foreclosures. Key workstreams include matters concerning hotel developments, shopping centres, offices and residential apartment complexes. Vassilis D Avramopoulos co-heads the practice with Yanna N Antonopoulou.

Practice head(s):

Vassilis D. Avramopoulos; Yanna N. Antonopoulou

Other key lawyers:

Alkis Economou; Athanassios Chr. Safaris; Barbara V. Angelopoulou

Testimonials

‘Avramopoulos & Partners Law Firm is highly competent, able to understand and put in place complex transactions involving different demands, while remaining focused on the clients’ objectives.’

‘Avramopoulos & Partners Law Firm achieve the best outcomes for their clients who range from important entrepreneurial businesses and public sector bodies to private individuals and families.’

‘A&P lawyers are focused on providing clear and substantive advice. It is A&P’s team members, Yanna Antonopoulou and Barbara Angelopoulou, who provide energy, tenacity and genuine interest in the clients’ businesses that give them a unique edge.’

Key clients

Karma Group of Companies

Gaganas & Partners

Gaganas & Partners attracts a strong flow of work from clients, including real estate acquisitions and disposals, lease agreements, construction projects and real estate/construction litigation. George Gaganas and Eleftheria Gagana lead the practice, which leverages its significant foothold in the hotels and tourism sector to act on multimillion euro commercial real estate deals in that space. Elsewhere, recent work included advising Restat on the conclusion of commercial lease agreements of industrial sites in Attica.

Practice head(s):

George Gaganas; Eleftheria Gagana

Testimonials

‘Gaganas & Partners has wide experience in dealing with real estate and construction matters in the hotel and tourism sector. They are also very experienced in commercial leases in logistics and commercial properties.’

‘George Gaganas and Eleftheria Gagana are professional, efficient and practical.’

‘Eleftheria Gagana is any expert in real estate matters in the hotel and tourism sector. George Gaganas is very experience in cross border real estate deals. They are very proactive, efficient and caring. Very pleased to work with them.’

‘They are one of the best law firms in Greece in real estate and construction matters. They are particularly strong in real estate matters in the hotels and tourism sector. Very knowledgeable, efficient and trustworthy.’

‘George Gaganas and Eleftheria Gagana are very professional and efficient. They are very pleasant personalities that you can trust and your feel that your interests are protected in the best possible way.’

‘George Gaganas and Eleftheria Gagana are great lawyers that understand your business needs. Therefore they provide efficient and practical solutions even in the most complex matters.’

Key clients

Alexandria Group A.S.

Restat S.A.

Aelia Collection Suites Ltd

Work highlights

  • Advised Alexandria Group A.S. on the amendment and conclusion of its wholesale hotel contracts with various hotel companies in Greece.
  • Advised Restat S.A. on the conclusion of commercial lease agreements of industrial sites in Attica.
  • Advised a consortium of real-estate developers in a €12m dispute with a project employer.

KLC Law Firm

KLC Law Firm is highly active in a broad cross-section of real estate investment transactions and construction projects. Theodora Xythali and Ioanna Lazaridou jointly lead the team, which is experienced in matters involving wind parks, logistics centres, commercial and industrial premises, offices, residential buildings and tourist settlements, among various others. It is increasingly active in the hospitality sector, where the work includes developments of luxury hotel complexes. In addition to undertaking non-contentious work, the firm also acts for clients in disputes.

Practice head(s):

Theodora Xythali; Ioanna Lazaridou

Other key lawyers:

Kostas Kotoulas; Andreas Abatis; Marina Pantalou

Testimonials

‘This is a team that can be adaptive to customer needs whilst keeping the high level of services.’

‘Kosta Kotoulas has a solid foundation of real estate with an eye to detail and the skill to present the information in a business friendly way. Typical of the law firm, he is also willing to consider innovative approaches to address complex issues.’

‘Nice team, dedicated and professional.’

Key clients

GRIVALIA HOSPITALITY

HELLENIC REPUBLIC ASSET DEVELOPMENT FUND (HRADF) PRIVATIZATION OF REGIONAL PORTS

SHANGHAI ELECTRIC CORPORATION

HELLENIC REPUBLIC ASSET DEVELOPMENT FUND (HRADF) E-AUCTION

IB VOGT

PASARGADAE INC

GQS

MIKE SERVENT

GAP

PAPATHEOCHARIS GROUP

HELLENIC ELECTRICITY DISTRIBUTION NETWORK OPERATOR

KOURTIDIS

Moussas & Partners Attorneys at Law

Moussas & Partners Attorneys at Law is highly reputed for advice on real estate acquisitions and disposals, as well as construction and development projects, real estate M&A and planning matters. It is also well versed in handling regulatory restrictions regarding land use and administrative permits. The practice is led by Vassilios Moussas, who has over 29 years of experience in the real estate arena.

Practice head(s):

Vassilios Moussas

Other key lawyers:

Georgios Pezodromos; Charalampos Kondis; Konstantina Theodosaki

Testimonials

‘Strong track record and industry knowledge on both contractual and contentious matters, practical approach, great availability.’

‘From my personal perspective, I have experienced excellent service on complicated legal issues like forestry, planning, zoning, title disputes, real estate transaction disputes.’

‘Strong track record and industry knowledge on both contractual and contentious matters, practical approach, great availability.’

Key clients

HELLENIC REPUBLIC ASSET DEVELOPMENT FUND

METKA S.A.

Work highlights

  • Retained by the Greek State to assist the Hellenic Republic Asset Development Fund with the privatization of Greece’s real estate properties.
  • Successfully represented METKA S.A. as the preferred bidder in litigation before the Council of State to challenge the tender award that ERGOSE S.A. announced for the construction of the railway “Kiato-Rododafni”, with an approximate value of €800m.

Norton Rose Fulbright

Norton Rose Fulbright's excellent team is adept at handling complex matters for high-profile clients, such as real estate investments, development projects, finance transactions, landlord and tenant work and litigation. It is advising the Greek subsidiary of German energy major RWE Renewables on land issues associated with a contemplated joint venture with PPCR to develop and operate solar farms in Northern Greece. The practice is led by Elena Tsohou.

Practice head(s):

Elena Tsohou

Other key lawyers:

Vassilis Koroxenidis; Dimitris Rampos; Nikos Anagnostopoulos-Gioussas

Key clients

RWE Renewables

National Bank of Greece

Bank Leumi (UK) Ltd.

Terna Energy

Voltalia Hellas

Sagias and Partners Law Firm

Sagias and Partners Law Firm particularly distinguishes itself acting for private investors targeting real estate investment opportunities on private islands or on the Greek mainland. It is acting for Pimana on the acquisition of land on the island of Zakynthos for the purpose of developing luxury tourism facilities. Spyros Sagias is the head of the practice.

Practice head(s):

Spyros Sagias

Other key lawyers:

Sotiris Perivolarakis; Eleni Siouti; Rena Michalopoulou; Rania Valta

Testimonials

‘Mrs. Eleni Siouti secured the client very good terms in both contracts, while other associates of the firm were constantly at our disposal.’

‘During our cooperation with Sagias & Partners law firm we work most closely with Mrs. Eleni Siouti. Due to her long experience in commercial and corporate law and solid academic background, Eleni delivers very exciting results and a safe legal product to her clients.’

Key clients

PIMA GROUP

CITYGATE S.A.

PIMANA SA

VAR MANAGEMENT Ltd

Union Star Ltd

ISV Architects S.A.

Work highlights

  • Assisted PIMA Group during the acquisition of 14.500.000 sq.m. on the island of Zakynthos.
  • Advised Citygate S.A. on various legal issues related to the operation of the Center as well as the commercial property.
  • Advised Var Management Ltd on the purchase of a five-storey building in the centre of Athens in order to be converted into a complex of buildings, while its use from commercial will be converted into residential.

Drakopoulos

Drakopoulos undertakes a mix of domestic and cross-border real estate work, including real estate acquisitions, project development and project financing, facility management, leasing and portfolio management. It advised TUI Group on the sale of a single-asset company owning the Lena Mary hotel resort. Panagiotis Drakopoulos  and Georgia Konstantinidou jointly lead the practice.

Practice head(s):

Panagiotis Drakopoulos; Georgia Konstantinidou

Key clients

BROOK LANE SPECIAL SITUATIONS FUND

GRADISTA REAL ESTATE FUND

BULGARIAN PRIVATE INVESTORS

CLEAN EARTH CAPITAL

LIVEWISE

TUI GROUP

Work highlights

  • Advised BROOK LANE SPECIAL SITUATIONS FUND on the €5.5m acquisition of SOSOROS REAL ESTATE, a single asset company owning a premium office building in a prime location in the northern suburbs of Athens.
  • Advised TUI GROUP with respect to the sale of 100% of the share capital of a single asset company, owning the LENA MARY hotel resort in Ermioni, southern Greece.
  • Advised LIVEWISE on the development of a joint venture for the management and development of certain special purpose vehicles (SPVs) owning real estate assets in Greece.

Ioannis Vassardanis & Partners

Ioannis Vassardanis & Partners is a well-known name among clients in the construction and engineering sector, for whom it acts on domestic and international construction projects concerning the transmission, distribution and production of international power and oil and gas. Ioannis Vassardanis leads the practice, which also regularly features in infrastructure projects in Greece, where it advises contractors, sub-contractors and developers.

Practice head(s):

Ioannis Vassardanis

Other key lawyers:

Eleni Tsakri; Giouli Katsarou

Key clients

AVAX S.A.

ABB POWER GRIDS

Work highlights

  • Advised a leading Greek energy infrastructure Company in relation to their day- to- day support with regards to an energy Project in Iraq.

Sioufas & Associates Law Firm

Sioufas & Associates Law Firm handles real estate work for clients such as financial institutions, servicers and foreign investment funds. It is notably active in real estate acquisitions and M&A, as well as real estate finance transactions. The group also assists clients with hotel management agreements. The experienced George Sioufas , Olga Eftychidou  and Neoklis Neokleous jointly lead the practice.

Practice head(s):

George Sioufas; Olga Eftychidou; Neoklis Neokleous

Other key lawyers:

Nikolaos Katiforis; Dimitra Dionysopoulou; Maria Pavlou; Christina Zisi; Aikaterini Gkana

Testimonials

‘Exceptional services provided by the team, resolving the various issues in a smooth and most effective way.

‘The individuals we work with can be described as highly skilled professionals, with excellent judgment and a willingness to listen. Great knowledge of law and analytical thinking.’

‘All the members of the real estate department have an excellent knowledge of the subject matter and are fully passionate and happy to provide its services.

‘Individuals were prompt and ready to help.’

‘Unique knowledge of real estate laws and practices. Innovative solutions to complex legal structures and experience that can be seen through the process. We feel confidence with them as our counsels.’

‘Very polite, patient, always available and willing to help to find solutions to issues.’

‘Sioufas & Associates takes pride in the active development of platforms and tools enhancing the client experience and driving down costs on more standardized projects and legal assignments by my company.’

‘Through their interdisciplinary approach, the team of multilingual lawyers provide holistic legal solutions in relation to both property titles’ and corporations’ legal due diligence, drafting of services agreements and also legal opinions on regulatory issues etc.’

Key clients

EXCLUSIVE RESORTS SINGLE MEMBER PRIVATE COMPANY

BAKOS NIKOLAOS

PROODOS ACUMEN SINGLE MEMBER PRIVATE COMPANY

TENGVO SA

CHAVIARAS ANDREAS

DISTINCTION RESORTS SINGLE MEMBER PRIVATE COMPANY

BLUE ESSENCE RESORTS SINGLE MEMBER PRIVATE COMPANY

ALPHA BANK SA

QQUANT MASTER SERVICER

NATIONAL BANK OF GREECE

PQH

PANCRETA BANK

HELLAS CAPITAL LEASING

DEDDHE

GLERBY PRIVATE COMPANY

LORBAX SINGLE MEMBER PRIVATE COMPANY

PEXMON SINGLE MEMBER PRIVATE COMPANY

ENETLY SINGLE MEMBER SOCIETE ANONYME

TOZZBY SINGLE MEMBER PRIVATE COMPANY

THEOCHARIS ATHANASSIOS

PARAMOUNT RESORTS SINGLE MEMBER PRIVATE COMPANY

OUTSTANDING RESORTS SINGLE MEMBER PRIVATE COMPANY

MORSINO LTD

KRL SINGLE MEMBER LTD

CERVED PROPERTY SERVICES