We are proud to announce that POTAMITISVEKRIS acted as the Greek legal advisor in the largest open-market real estate portfolio transaction in Greece.

Our team advised DIMAND S.A. and Premia Properties on the acquisition of a 65% stake in Skyline Real Estate Single Member S.A. from Alpha Group Investments Limited, a member of the Alpha Bank Group. We also provided counsel on the incorporation, structuring of the shareholders’ relationship and investment implementation within the acquisition vehicle, which includes the participation of the European Bank for Reconstruction and Development (EBRD).

Skyline is a real estate investment platform encompassing c. 460 commercial and residential properties, with a total acquisition value of c. EUR 300 million. The joint venture plans to redevelop, reposition, and divest these assets, marking this transaction as one of the most transformative and impactful transactions in Greek real estate in recent years.

As part of the transaction, Alpha Bank financed Skyline through a bond loan facility and will remain a lessee of part of the real estate portfolio. Concurrently, Alpha Real Estate Services S.A., Alpha Bank’s listed real estate management company, entered into an asset management services agreement with Skyline.

This landmark transaction was made possible through the collaboration of our multidisciplinary team:

• Real Estate Team: Led by Theologos Mintzas (Partner) and supported by Valia Anastasopoulou (Associate).
• Finance Team: Led by Anthea Terlegas (Partner) and supported by Theodoros Fostieris, Alexandros Vaisidis and Katerina Gerari.
• M&A Team: Led by Maria Perifanou (Partner) and supported by Spyros Roussakis (Senior Associate), Eliza Koliopoulou (Associate), and Vicky Kotsili (Associate).

We congratulate our clients and all parties involved in this landmark project!

We are pleased to announce that POTAMITISVEKRIS has recently acted as legal advisor in the drafting and negotiation of asset management agreements and service level agreements for real estate asset portfolios.
Our Partner Alexander Metallinos, supported by Associate Lucy Levi, assisted Eurobank S.A. and Eurobank Leasing Single Member SA in concluding the 2nd Service Level Agreement with Cerved Property Services Single Member SA regarding the management of Eurobank Group’s real estate portfolio. This agreement marks the continuation of the longstanding cooperation between Eurobank Group and Cerved Property Services, enhancing a wide range of services that have been successfully provided since 2019.
Furthermore, our Partner Theologos Mintzas, supported by Associate Elisabetta Lentsiou, advised one of the systemic banks on the successful execution of two service level agreements for the management of the credit institution’s repossessed real estate assets with two separate asset managers. In addition, Theologos Mintzas and Elisabetta Lentsiou assisted an investment management firm with the successful execution of an asset management agreement, ensuring the effective day-to-day strategic management of a portfolio of assets owned by a Greek systemic bank.
POTAMITISVEKRIS’ involvement in these transactions highlights the trust our clients place in our expertise and our ability to manage complex and prolonged negotiations.

We’re proud to announce that our firm served as Greek counsel to Blackstone and HIP in the landmark acquisition of the owning company of Grand Hyatt—one of the largest transactions in the Greek hotel sector in recent years. This achievement is a testament to our team’s dedication and deep expertise in the hotel industry and the broader real estate sector.

The transaction was led by Partner Theologos Mintzas, supported by Associate Marina Fyrigou Koulouri. Partner Dimitris Loukas managed the notification to the Hellenic Competition Commission, supported by Senior Associate Athanasios Taliadouros. Partner Alexandros Metallinos spearheaded the financial aspects, with the assistance of Associate Nikos Stefas. Spiros Tassis led the data privacy components, supported by Senior Associate Panagiota Kelali, and Senior Associate Nikolas Sigkridis managed the employment law aspects, supported by Associate Yannis Ragos.

We extend our warmest thanks to all team members who contributed: Valia Anastasopoulou, Ilia Boura, Kassiani Flaouna, Virginia Kaklamanis, Konstantina Markomichali, Marianna Papandreou, Sofia Tsipouridi, Nikos Santas, and Glafki Setta. Their collective efforts were instrumental in ensuring the success of this significant transaction.

We are pleased to announce that our law firm successfully advised Sani Development and Tourism Company S.A. on a landmark transaction with the Hellenic Republic Asset Development Fund for the development of the “Sani Kassandra” property in Halkidiki. The transaction marks the beginning of a significant investment in an area renowned for its exceptional beauty and high tourism potential. This achievement was made possible through the expertise of our team, led by Partner Theologos Mintzas, with the valuable assistance of Associates Anastasia Bolari and Valia Anastasopoulou.

Our Environmental Law team is delighted to collaborate with HERACLES Group, a member of Holcim on Project Olympus, a groundbreaking initiative aimed at transforming the Milaki cement plant in Evia into a zero carbon unit. This venture stands out as one of the first and most ambitious of its kind in Greece, poised to dramatically minimize the Group’s environmental footprint. We are both honored and excited to contribute to this pivotal and demanding endeavor and eagerly anticipate its successful completion. Guided by Theologos Mintzas (Partner), our dedicated team also includes Dimitra Rachouti (Counsel), Ilia-Aikaterini Boura (Associate), and Marianna Papandreou (Associate), all committed to advancing this significant project.

We are happy to announce that our law firm supported HERACLES Group, a member of Holcim in the negotiation and execution of the agreement for its acquisition of Larsinos SA, a landmark transaction in the Greek cement and quarry industry. Our team is led by Partners Vassilis Stergiou (M&A), Dimitrios Loukas (Competition), and Theologos Mintzas (Real Estate & Environment), and supported by Associates Nikolas Sigkridis, Kostas Manikas, Ioanna Kefaloniti, Ilia-Aikaterini Boura, Anastasia Bolari, Marialena Papageorgiou, Elisabetta Lentsiou, Nikoleta Nikolaou, and Elena Theodoropoulou.

Theologos Mintzas (Partner) and Anastasia Bolari (Associate) supported the consortium of European Finance & Aerospace Ventures SA, Blacksummit Financial Group and GEK Terna in the signing of the sub-concession agreement for the operation and maintenance of the Filippos B Port in Kavala. Dimitris Loukas (Partner) and Kostas Manikas (Associate) advised with regard to competition law issues. This was the first ever port sub-concession agreement in Greece and an important infrastructure transaction for the development of Northern Greece.

POTAMITISVEKRIS advised Piraeus Bank throughout the sale of the entire share capital of Piraeus Group’s leasing subsidiary, ‘Sunshine Leases’, including a, classified as held-for-sale portfolio of leasing Non-Performing Exposures (NPEs), to Hellas Capital Leasing, a subsidiary of Bain Capital Credit.
POTAMITISVEKRIS led the transaction and advised on all matters related to Greek law.

Our team was led by Maria Perifanou, Partner together with Partner Theologos Mintzas (for real estate issues) assisted by Associates Palmyra Chantzara and Evangelia Natsi.

We are happy to share that our law firm advised HRADF in the successful tender process for the sale of a majority stake in Volos Port Authority, a critical infrastructure privatization for the economy of Thessaly and Greece in general. Our team was led by Partners Alexandros Kortesis and Theologos Mintzas who were assisted by Associates Fay Karkantzou, Evgenia Tzavara, Anastasia Bolari, Ilia Boura, Nikoleta Nikolaou and Katerina Mastrogiannopoulou. Great teamwork that brought a great result for @HRADF.

Our Environmental Law team, led by Theologos Mintzas (Partner) whom was assisted by Ilia Boura (Associate), successfully supported Sani Ikos on the issuance of the approval of approved environmental terms for the company’s new hotel investment in Kissamos, Crete, a milestone for the project’s progress. In the During this process, our team collaborated with DTK Legal, led by Konstantinos Karatsolis and assisted by Ifigeneia Tsakalogianni, whom greatly contributed to this successful outcome.

Partners Theologos Mintzas and Konstantinos Papadiamantis, supported by Associate Ilia-Aikaterini Boura, successfully represented the winning consortium of a public port sub-concession in an intervention before the Court of Auditors. The intervention succeeded to annul a decision by the Court of Auditors that required prior to the signing of port sub-concessions the preparation and issuance of master plans, a requirement imposing significant and unnecessary, both from a legal and a policy perspective, delays on the conclusion of the sub-concession program of the Hellenic Republic Asset Development Fund (HRADF / ΤΑΙΠΕΔ). HRADF led the challenge and was exceptionally represented by KLC Law Firm whose team was led by Partner Theodora Xythali and Senior Associate ANDREAS ABATIS.

We are happy to announce that our law firm supported HERACLES Group in the negotiation and execution of the agreement for its acquisition of Larsinos SA, a landmark transaction in the Greek cement and quarry industry. Our team is led by Partners Vassilis Stergiou (M&A), Dimitris Loukas (Competition), and Theologos Mintzas (Real Estate & Environment), and supported by Associates: Nikolas Sigkridis, Kostas Manikas, Ioanna Kefaloniti, Ilia Boura, Anastasia Bolari, Marialena Papageorgiou, Elisavet Lentsiou, Nikoleta Nikolaou, and Elena Theodoropoulou.

Our real estate team, led by Partner Theologos Mintzas, and assisted by Associate Ioanna Kefaloniti, supported the consortium of Dimand and Premia Properties in the acquisition of Alpha Bank’s Skyline Portfolio. The transaction involves 573 properties, with a gross surface of 500.000 sqm, and has a value of approx. 440 mil Euro, making it one of the largest, if not the largest, open market real estate transaction of recent years in Greece, with unique urban development potential. All assets will pass under a new entity in which Dimand and Premia will participate with 65% and Alpha Bank with 35%, while the properties will be managed by Alpha Real Estate, a novel structural approach which paves the way for similar future transaction structures.

We are happy to announce that the landmark privatization of the ex-US military base in Gournes, Crete has now been completed. Our Real Estate team, led by Partner Theologos Mintzas, supported the Hellenic Republic Asset Development Fund (HRADF / ΤΑΙΠΕΔ) throughout the tender process until its successful completion, which marks the start of the largest tourist and commercial land development in Crete.

We are happy to announce that our firm advised the preferred bidder of the tender process initiated by the Greek State and the Hellenic Republic Asset Development Fund for the long-term lease of the Larco metallurgical plant in Larymna, as well as of the tender process initiated by Larco’s Special Administration for the sale of certain assets and metallurgical rights of Larco. Despite the difficulties it has been facing in recent years, Larco remains one the largest producers of ferronickel in the world and the forthcoming transactions are critical for the sustainable revitalization of ferronickel production in Greece. Our team was led by Partner Theologos Mintzas, and included Senior Associates Alexia Tzouni, Dimitra Rachouti, Nickolas Sigkridis, as well as Associates Iliana Nikolaidi, Anastasia Bolari, Ioanna Kefaloniti, and Konstantina Markomichali.

We are happy to announce that our firm supported a leading luxury beach resort group in the Mediterranean, with all Greek law-related aspects regarding the sale of a majority stake to the Singaporean sovereign wealth fund. A landmark deal which valued the luxury beach resort group at €2.3bn, the biggest deal in the European hotel sector since the Covid-19 pandemic. Our team was led by Partners George Bersis and Theologos Mintzas who were supported by Eirini Zaglanika (IP), Anastasia Platipodi (Employment), and Ioanna Loudarou (Finance).

We are happy to announce that our firm supported Sani/Ikos Group with all Greek law related aspects regarding the sale of a majority stake to the Singaporean sovereign wealth fund GIC. A landmark deal which valued Sani/Ikos Group at €2.3bn, the biggest deal in the European hotel sector since the Covid-19 pandemic. Our team was led by Partners George Bersis and Theologos Mintzas who were supported by Eirini Zaglanika (IP), Anastasia Platipodi (Employment), and Ioanna Loudarou (Finance).

Our Real Estate team assisted an international fund in the acquisition of a majority stake in a company holding two marina concessions in the eastern Peloponnese. The team assisted in the due diligence as well as in the negotiations and conclusion of the contractual documentation. Partner Theologos Mintzas, who was assisted by Associate Anastasia Bolari, lead the effort.

Co-Managing Partner George Bersis and Senior Associate Amalia Balla advised one of the largest owners of hotel resorts in Southern Europe on the complex acquisition of a company owning and operating a hotel resort, situated in Elounda, Crete, following its demerger. The team was joined by Partner Theologos Mintzas and Associate Anastasia Bolari, who advised on the negotiations regarding the refurbishment and management of the resort.

Partners George Bersis, Vassilis Stergiou and Theologos Mintzas, assisted by Associates Ioanna Kefaloniti and Dimitra Androulakaki, successfully advised a major international concrete company in the acquisition of a quarry and two RMC plants in Attica, Greece. Our team provided legal support in the complex due diligence exercise as well as throughout the negotiations and the execution of this challenging transaction.

Partners George Bersis, Vassilis Stergiou and Theologos Mintzas, assisted by Associates Ioanna Kefaloniti and Dimitra Androulakaki, successfully advised a major international concrete company in the acquisition of a quarry and two RMC plants in Attica, Greece. Our team provided legal support in the complex due diligence exercise as well as throughout the negotiations and the execution of this challenging transaction.

We are happy to announce that today the landmark privatization of the North Afantou property in Rhodes, the largest real estate privatization after Hellinikon, was finally completed. Partners George Bersis and Theologos Mintzas have been assisting the Hellenic Republic Asset Development Fund with the tender process and throughout the challenging road towards the completion of the privatization.