Meet the team

Real Estate and Construction

Bernitsas Law

Athens, Greece
+302103615395
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Deals

– GIC Strategic Investment in Southern European Hospitality Platform
We advised GIC, a global institutional investor, on the Greek leg of their entry as a new capital partner in Hotel Investment Partners (HIP). GIC will acquire a shareholding of approximately 35% in HIP, with funds managed by Blackstone continuing to be a majority shareholder in HIP, with approximately 65% ownership of the company.

– Intrum Hellas Sale of Tethys Portfolio of Hotel and Hospitality Real Estate Assets
We advised Intrum Hellas acting as coordinator on the secondary sale and transfer to a consortium consisting of SMERemediumCap / Latonia Enterprises Company Limited – Athanasios Laskaridis family office / WHG Europe Limited – Brown Hotels of a portfolio of securitised loan receivables, with a total legal claim of €285m (project Tethys), originated by Piraeus Bank, serviced by Intrum Hellas and sold and transferred by three securitisation SPVs, Sunrise I NPL Finance DAC, Sunrise II NPL Finance DAC and Vega II NPL Finance DAC. Tethys is secured over hotel and hospitality real estate assets located in popular Greek tourist destinations and is the first sectoral portfolio of loan claims sold in the secondary market in Greece.

– Lease Agreement for Significant Hospitality Development
We acted for Red Circle Srl, Renzo Rosso’s real estate investment company, in relation to their long term lease of a large office building in the center of Athens to a Greek hotel group which plans to develop the property into a luxury hotel.

Organigram

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Team Services

Our team has the expertise to guide our clients throughout the life cycle of their real property assets.

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.

  • Corporate Real Estate
  • Hospitality & Leisure
  • Planning & Land Use
  • Real Estate Development
  • Real Estate Finance
  • Real Estate Tax

Testimonials

‘International profile, quality of service, knowledge of the real estate market.’

‘There is exceptional immediacy in the response to any question, communicative, excellent knowledge of their subject. Reasonable in billing hours.’