POTAMITISVEKRIS advised on the acquisition of Alpha Bank’s Skyline Portfolio

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.

POTAMITISVEKRIS advised on landmark privatization of the ex-US military base in Gournes, Crete

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.

Acquisition in the ferry services sector

Dimitris Loukas and team advised a global special situations investment firm with operations in Greece in relation to the HCC’s merger control approval process concerning its acquisition of control over the leading ferry services provider in Greece.

POTAMITISVEKRIS contributed to the privatization process of LARCO

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.

Acquisition in the motor vehicle sector

Partner Dimitris Loukas and associates Athanasios Taliadouros and Alexandros Ntallas advised a leading Greek motor vehicle importer and distributor, as well as a leading Israeli motor vehicle importer and distributor, in relation to the HCC’s merger control approval process over their joint acquisition of the Greek subsidiary of a major global automaker and mobility provider in the motor vehicle sector (import, wholesale and retail distribution of new passenger and light commercial vehicles, spare parts, vehicle leasing/rent-a-car and provision of car repair and maintenance services).

Fair tax treatment of credit institutions

Aspasia Malliou, supported by associates Dimitra Katsipi and Charis Stampoulis, has succeeded in issuing nine decisions before the Council of State, which will lead to €2,77 million refund on real estate transfer tax for a leading credit institution of Cyprus. With its decisions, the Council of State upheld the judgment of all the Administrative Courts of First Instance of the country, which mandated the relevant tax refund.

Acquisition in the retail supermarket sector

Dimitris Loukas and team advised a major retail supermarket chain in relation to the HCC’s merger control approval process concerning its acquisition of another regional supermarket chain mostly active in certain islands of Greece.

Project financing of 330MW wind farm cluster

Euripides Ioannou and Anthea Terlegas, supported by associates Dimitra Rachouti, Vasilis Tsintavis, Efstathia Yperifanou, Panagiotis Pougouras and Alexandros Vaisidis, represented a syndicate of Greek systemic banks on the project financing of a 330MW cluster of wind farms on the island of Evia sponsored by one of Greece’s largest renewable energy companies. With a construction budget reaching €530 million and the intricacy of a connection to Greece’s mainland grid through a submarine high-voltage cable system, the project will, upon completion, be the largest wind farm project in Greece.

Advising major international bank in respect of an 826 MW CCGT plant

Partner Euripides Ioannou and Associate Vasilis Tsintavis advised a major international bank on the Greek law aspects of a c. 83,000,000 € buyer facility agreement in respect of an 826 MW Combined Cycle Gas Turbine (CCGT) plant being developed in Central Greece