Real Estate

The Greek Real Estate market is evolving and is becoming even more complex as global and domestic appetite for Real Estate assets is increasing. Greece is on the international spotlight both in respect of tourism-oriented and business-oriented Real Estate investments.

Our Real Estate team’s solid expertise has guaranteed and led the success of several of the transactions undertaken by our Firm, in most cases supported through the optimal cooperation of our Firm’s other practices (Corporate & Commercial Law, M&A, Tax, Banking & Finance etc.). Koutalidis Law Firm is ideally placed to provide fine-tuned and commercially-focused advice offering cross-border and local transactions clear, practical, easy to implement and value-adding solutions.

Our team comprises of leading lawyers who possess a thorough understanding of the latest developments in the Real Estate practice, as well as broad experience in highly structured Real Estate transactions involving sophisticated financing arrangements and Real Estate related complex structuring and implementation.

We represent developers, owners, large corporates, major credit and financial institutions, government institutions, investors, including private equity, REITs and borrowers, shopping mall operators, high street and luxury retailers across all segments of the Real Estate market.

Services

We employ our broad expertise, our cross-team culture and dedication to provide our clients Real Estate services, including:

  • acquisition and disposal of properties of any kind,
  • terms of sale & purchase agreements,
  • due diligence on ownership titles, certificates and land registry and cadastral books,
  • terms of lease agreements and commercial cooperation agreements,
  • terms of lease or concession of use of Real Estate properties owned by the Greek State,
  • M&A transactions,
  • compliance with planning and zoning legislation,
  • terms of expropriation,
  • terms of construction agreements and sub-contracts,
  • terms of Real Estate management agreements,
  • Real Estate related litigation,
  • Real Estate finance and securitization,
  • leasing and sale-and lease-back schemes,
  • setting up of companies, special purpose vehicles and joint ventures to accommodate new Real Estate projects,
  • Real Estate taxation.

We take pride in advising on key Real Estate issues for a broad range of clients.

  • Advising Lamda Development on legal issues related to the development of the former Hellinikon airport, one of the largest projects ever tendered in Greece with an investment amounting to €8bn.
  • Defending landowner (listed company Kekrops S.A.) against claims of the Greek State with respect to land of a value above €200 million. The case was won before the Supreme Court of Greece and has been referred to the Court of Appeals for retrial, was won before the Court of Appeals and is now again pending before the Supreme Court of Greece.
  • Advising a major Real Estate fund (Bluehouse) on the acquisition of real estate companies owning/operating shopping malls and strategic assets in Athens through private tenders.
  • Advising a major international company (Selina Operations) on the development of hotels and ancillary businesses in Greece.
  • Advising a major international company (Acanthe Development/Alliance Development Capital) on the acquisition of a multi-floor office building in the centre of Athens with a value of more than 2.5 million.
  • Successful litigation on behalf of China Three Gorges Corporation (one of the largest energy producers in the world) with respect to the lease amounts that they are paying with respect to PV parks they have in Greece (these parks are some of the biggest ones in Greece).
  • Representing a Greek Real Estate company (Crete Golf S.A.) in a €25 million case against the local Municipality before the competent Greek Court of Appeals and the Supreme Court of Greece.
  • Representing the Hellenic Republic Asset Development Fund (HRADF) in litigation proceedings against a claim filed by the Hellenic Olympic Committee, in which the latter was requesting to receive the tenure of a very important real estate property in Athens as well as the amount of €90 million.
  • Advising Frank E. Basil S.A. in connection with the Goulandris Museum of Contemporary Art project.
  • Acting as Greek legal advisor to the Finance Parties (initially comprised of the National Bank of Greece and Piraeus Bank) regarding the extension until June 11th, 2046 of the term of the Airport Development Agreement (ADA) relating to the management and operation of the Athens International Airport.
  • Assisting Fraport Greece (affiliate of Fraport AG, which has entered into a concession agreement with the Greek State) in the negotiation of the construction contracts relating to refurbishment and expansion works of 14 Greek airports.
  • Representing landowner listed company for the reversal of expropriations on immovable property in Athens.
  • Engagement by the owners of large areas in a Greek island in respect of the ownership status as well as the possibility of classifying such areas (or part of them) as “forests” or not, pursuant to the relevant legislative arrangements applicable over time as of the founding of the Greek State.
  • Advising Aegean Motorway S.A. on Real Estate issues, including expropriation of property.
  • Advising McArthurGlen Group, the leading developer, owner and manager of designer outlet villages in Europe with the development of a new outlet centre in Athens. Since the opening of the respective outlet centre in 2011 our Firm has been assisting McArthurGlen Greece in its daily operation filing various lawsuits and conducting continuous real estate related litigation for the expulsion of delinquent tenants/shopkeepers and for the repossession of various retail units situated at the site of the outlet.

WHO TO CONTACT

Koutalidis Law Firm Celebrates Top Ranking in Chambers and Partners Global 2024

We are delighted to share that Koutalidis Law Firm has once again been recognized as a top-ranked firm in the prestigious Chambers and Partners Global 2024 rankings. This marks yet another year where our commitment to legal excellence and our dedication to serving our clients at the highest level have→

Koutalidis Law Firm has been shortlisted for the Chambers Europe Awards 2024

We are thrilled to announce that Koutalidis Law Firm has been shortlisted for the prestigious Chambers Europe Awards 2024! This recognition is a testament to our team’s hard work, dedication, and the strong standing we have in the legal market. The ceremony is set to take place on Thursday, 25 April at→

Koutalidis Law Firm’s Website Wins Gold Award for UX/UI Design

We are delighted to announce that Koutalidis Law Firm’s website has won the Gold Award for UX/UI Design in the B2B Website category at the 2023 UX/CX Awards. This prestigious recognition was made possible with the invaluable support and expertise of gnc | web and George Chouliaras, whose contributions were→

K.Protopapa & E.Papoutsi recognized as Women Leaders by IFLR1000

We are proud to announce that two of our esteemed female partners have been recognized by IFLR1000 in their 2023 edition, one of the most prestigious legal directories in the world. Katia Protopapa, Partner and Head of our M&A practice along with Effie Papoutsi, Partner of our Banking & Finance→

Koutalidis Law Firm Shines once again in IFLR1000’s 2023 Rankings

We are elated to share that the much-anticipated IFLR1000 rankings for 2023 have been unveiled, and Koutalidis Law Firm has made its mark yet again. Our firm has been honored with a Tier 1 ranking, underscoring our unwavering commitment to providing top-notch legal services. This year’s research by IFLR1000 featured→

Koutalidis Law Firm is listed in the 2nd of The Legal 500’s EMEA Green Guide.

Koutalidis Law Firm is selected and listed in the second edition of The Legal 500’s EMEA Green Guide. The guide refers to some of the key firms engaging with energy and sustainability projects in the EMEA region. As Koutalidis is currently advising on a pipeline of RES projects with a→

Koutalidis Law Firm is Top Ranked once again on Chambers & Partners Europe 2023 rankings

Chambers & Partners Europe rankings have been announced and Koutalidis Law Firm is once again Top Ranked! This achievement demonstrates the commitment, integrity, and service excellence of our team members as we always seek to deliver impeccable legal advice. More specifically our clients mentioned, Banking & Finance: “They have a→

Koutalidis Law Firm is recognized on IFLR’s shortlist for its 2023 Europe Awards

Koutalidis Law Firm is delighted to be recognized on IFLR’s shortlist for its 2023 Europe Awards. Judged independently by IFLR’s editorial team, the awards focus exclusively on legal innovation in cross-border transactions that reached a financial close in 2022. The winning deals, law firms and in-house legal teams will be→

Koutalidis Law Firm is ranked as a Top Firm by Chambers and Partners Global in their 2023 Guide

Koutalidis Law Firm is ranked as a Top Firm by Chambers and Partners Global in their 2023 Guide to the World’s Leading Lawyers for Business. More specifically Chambers review states, “Koutalidis is highly sought after by domestic and international lenders for capital markets and financing mandates. The firm regularly advises→

Koutalidis Law Firm Celebrates Top Ranking in Chambers and Partners Global 2024

We are delighted to share that Koutalidis Law Firm has once again been recognized as a top-ranked firm in the prestigious Chambers and Partners Global 2024 rankings. This marks yet another year where our commitment to legal excellence and our dedication to serving our clients at the highest level have→

Koutalidis Law Firm has been shortlisted for the Chambers Europe Awards 2024

We are thrilled to announce that Koutalidis Law Firm has been shortlisted for the prestigious Chambers Europe Awards 2024! This recognition is a testament to our team’s hard work, dedication, and the strong standing we have in the legal market. The ceremony is set to take place on Thursday, 25 April at→

Koutalidis Law Firm’s Website Wins Gold Award for UX/UI Design

We are delighted to announce that Koutalidis Law Firm’s website has won the Gold Award for UX/UI Design in the B2B Website category at the 2023 UX/CX Awards. This prestigious recognition was made possible with the invaluable support and expertise of gnc | web and George Chouliaras, whose contributions were→

K.Protopapa & E.Papoutsi recognized as Women Leaders by IFLR1000

We are proud to announce that two of our esteemed female partners have been recognized by IFLR1000 in their 2023 edition, one of the most prestigious legal directories in the world. Katia Protopapa, Partner and Head of our M&A practice along with Effie Papoutsi, Partner of our Banking & Finance→

Koutalidis Law Firm Shines once again in IFLR1000’s 2023 Rankings

We are elated to share that the much-anticipated IFLR1000 rankings for 2023 have been unveiled, and Koutalidis Law Firm has made its mark yet again. Our firm has been honored with a Tier 1 ranking, underscoring our unwavering commitment to providing top-notch legal services. This year’s research by IFLR1000 featured→

Koutalidis Law Firm is listed in the 2nd of The Legal 500’s EMEA Green Guide.

Koutalidis Law Firm is selected and listed in the second edition of The Legal 500’s EMEA Green Guide. The guide refers to some of the key firms engaging with energy and sustainability projects in the EMEA region. As Koutalidis is currently advising on a pipeline of RES projects with a→

Koutalidis Law Firm is Top Ranked once again on Chambers & Partners Europe 2023 rankings

Chambers & Partners Europe rankings have been announced and Koutalidis Law Firm is once again Top Ranked! This achievement demonstrates the commitment, integrity, and service excellence of our team members as we always seek to deliver impeccable legal advice. More specifically our clients mentioned, Banking & Finance: “They have a→

Koutalidis Law Firm is recognized on IFLR’s shortlist for its 2023 Europe Awards

Koutalidis Law Firm is delighted to be recognized on IFLR’s shortlist for its 2023 Europe Awards. Judged independently by IFLR’s editorial team, the awards focus exclusively on legal innovation in cross-border transactions that reached a financial close in 2022. The winning deals, law firms and in-house legal teams will be→

Koutalidis Law Firm is ranked as a Top Firm by Chambers and Partners Global in their 2023 Guide

Koutalidis Law Firm is ranked as a Top Firm by Chambers and Partners Global in their 2023 Guide to the World’s Leading Lawyers for Business. More specifically Chambers review states, “Koutalidis is highly sought after by domestic and international lenders for capital markets and financing mandates. The firm regularly advises→

Koutalidis Law Firm Celebrates Top Ranking in Chambers and Partners Global 2024

We are delighted to share that Koutalidis Law Firm has once again been recognized as→

Read More
Koutalidis Law Firm has been shortlisted for the Chambers Europe Awards 2024

We are thrilled to announce that Koutalidis Law Firm has been shortlisted for the prestigious Chambers Europe→

Read More
Koutalidis Law Firm’s Website Wins Gold Award for UX/UI Design

We are delighted to announce that Koutalidis Law Firm’s website has won the Gold Award→

Read More
K.Protopapa & E.Papoutsi recognized as Women Leaders by IFLR1000

We are proud to announce that two of our esteemed female partners have been recognized→

Read More
Koutalidis Law Firm Shines once again in IFLR1000’s 2023 Rankings

We are elated to share that the much-anticipated IFLR1000 rankings for 2023 have been unveiled,→

Read More
Koutalidis Law Firm is listed in the 2nd of The Legal 500’s EMEA Green Guide.

Koutalidis Law Firm is selected and listed in the second edition of The Legal 500’s→

Read More
Koutalidis Law Firm is Top Ranked once again on Chambers & Partners Europe 2023 rankings

Chambers & Partners Europe rankings have been announced and Koutalidis Law Firm is once again→

Read More
Koutalidis Law Firm is recognized on IFLR’s shortlist for its 2023 Europe Awards

Koutalidis Law Firm is delighted to be recognized on IFLR’s shortlist for its 2023 Europe→

Read More
Koutalidis Law Firm is ranked as a Top Firm by Chambers and Partners Global in their 2023 Guide

Koutalidis Law Firm is ranked as a Top Firm by Chambers and Partners Global in→

Read More