Real Estate

Real estate law locates at the core of our activities, providing comprehensive and clear advice in every type of real estate or real estate-related transaction is our prime goal. We offer to our clients excellent legal support and guidance, which lead them to successful completion of their transactions. As part of a global practice, we are adept at project managing cross-border transactions, so we are able to assist clients with domestic and international real estate interests.

The advanced complexity of real estate transactions both in international and in domestic basis demands a diverse and often highly complex set of activities in the provision of legal assistance therefore our practitioners cooperate with other professionals to combine expertise from fields relating to land planning, construction and engineering, direct and indirect investment, funds, real estate & property finance, tax planning, collaterals, securitization, dispute resolution, environment and regulatory.

Our clientele ranges from private investors to real estate funds and overseas financiers interested in various sectors including commercial property, residential, hotels, and retail, industrial and landed estates.

Key areas of our expertise and experience include Acquisitions, Dispositions and Related Financings, Notary Public Deeds and Title transfers, Building contracts, Special Procedures for private islands, Land Use, Construction and Development, Restructuring and Financing, Retail and commercial leasing, Long term lease, Planning applications and disputes, Subdivisions and Developments, Owners corporation and support following the purchase of real estate.

Nevertheless, recently we were involved as the legal counsel of the Ministry for Development & Competitiveness, Kostis Chatzidakis, to the development and the implementation of the Greek Act: 4146/2013 which grants Non-EU citizens, real estate owners in Greece, with permanent residence permits, which are valid as far as the free movement of the persons in the Schengen Area is concerned.

Residential Real Estate

Our emphasis is on providing a client-driven service according to each clients need by providing accurate and direct legal advice. We have dealt with all aspects of residential property including: leases, landlord and tenant matters, block and estate management and mixed use buildings. Our expertise also covers the development, marketing and subsequent sales of residential assets in Greece. Built over many years and as a result of our long-term involvement in high value and high profile projects in Athens and in other key areas across Greece, we have established relationships with the strategic property agents. We are well trained to absorb the relevant legislation and the various tax criteria for both developers and sophisticated buyers – often non-resident in an efficient and resourceful manner at the contract terms.

Corporate Real Estate

Our Law Firm acts for a wide variety of property owners, in many cases with substantial real estate portfolios, and advises on transactions of urban and rural land of every description, from offices, retail units and warehouses to forestry and agricultural land. We provide coherent legal advice on both domestic and international investors interested in buying or selling of investment - commercial real estate properties. We fully support the establishment of any necessary investment vehicles including real estate funds, joint ventures and partnerships. Our team covers all challenging issues involving complex Cross-border investments and their legal and financial aspects as well as environmental and construction related issues.

Construction & Engineering

We advise on all construction, engineering and procurement issues. Our firm has extensive experience on conventional building and engineering contracts, development and funding agreements as well as on infrastructure and energy contracts (renewable included). Our team undertakes the drafting and negotiating construction contracts (FIDIC EPC Contracts), as also advises our clients in respect of letters of intent, memorandum of agreements, pre-construction services agreements and any other contractual arrangement to be put in place before works commence on site. We are positioned to legally support all professionals involved in the industry - investors, developers, public authority, occupier, contractors, consultants, sub-contractor and any other involved. Our goal is resolving all concerns before become controversial.

Land Planning & Environment Law

The expertise of our team on Land Planning & Environment extends to advising on all areas of planning and environmental law, regulation and policy. We work closely with all clients on their plans for the development and use of land and buildings, in order to provide them with the suitable legal advice that will ensure success of the investment they plan.

Financing Real Estate

In order to confront efficiently the complexity of real estate transactions in a multinational level, we have created the necessary cooperation that, allow us to deal with sophisticated financing techniques, both at a national and international level. We successfully represent lenders and borrowers in real estate financings, including secured and unsecured credit facilities, first mortgage loans, sale leaseback transactions, portfolio loans, mezzanine financings, preferred equity financings and collateralized mortgage-backed securities transactions.

Real Estate Funds & Joint Ventures

Commercial property investment has gained a markedly higher profile in recent years as markets have thrived and the range of investment vehicles has grown. The institutional and private investors for whom we act have been extremely active recently. We represent sponsors and investors in connection with the formation of or investment in real estate private equity funds, including opportunity funds and development funds. We advise our clients on all aspects of real estate funds, including establishment, regulatory and tax in order to enable an integrate outcome, where the fund shall be operating proficiently with a tax-effective plan and with a clear exit strategy.

Capital Markets Transactions

Our attorneys also represent real estate-related issuers, including real estate investment trusts (REITs), underwriters and investors on initial and follow-on public offerings, secondary offerings and private offerings.

Mergers and Acquisitions

Our practice also represents public and private companies and investment banks in connection with tender offer/exchange offers, including limited partnership tender offers, mergers, spin-offs, recapitalizations, going private transactions and proxy contests involving real estate-related companies.

Real Estate Disputes

When issues arise, we can identify and execute the most advantageous business-oriented solutions, either by pursuing or defending litigation or arbitration proceedings or through other alternative dispute resolution methods, such as mediation or negotiations. We fulfill an advisory role in relation to both high value and complex transactional work and day-to-day portfolio management issues, ranging from covenant and/or rights disputes on city center development sites to landlord and tenant issues such as the enforcement of tenant repair obligations.

Tax Aspects of Real Estate Transactions

Our Law Firm frequently acts as counsel in major real estate transactions. We have advised domestic and foreign clients on the tax aspects of partnerships and real estate investment trusts, as well as on complex lending arrangements designed to attract both foreign investment in local real estate and real estate investments by joint ventures and other entities. Increasingly, real estate transactions involve sophisticated partnership agreements and complex equity participations, convertible or participating obligations and debt restructurings; our finance advisors actively participate in structuring and drafting these arrangements. In Greece, local taxes on real estate significantly affect the structure of transactions and we have extensive experience in this area.

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