P&P Guides €106 Million Residential Land Sale in the Ellinikon Project

P&P advised Hellinikon S.M.S.A. on the sale of five residential land plots in the Ellinikon Project, totaling €106 million.

We advised on the execution of all definitive documents for the sale of five (5) distinct urban blocks designated for residential development in the Urban Development Area “A-U3” within the Metropolitan Pole Elliniko – Agios Kosmas. These blocks have a total maximum allowed buildable area of approximately 51,000 sqm.

Through a competitive sale process, the preferred investors selected were the international investors Brook Lane Capital and Ten Brinke, alongside domestic real estate development companies Hellenic Ergon SA and Daedalus Development.

The total investment for these developments is projected to reach at least €300 million.

The P&P team was led by Managing Partner Nicholas Papapolitis and Counsel Panayiotis Papageorgiou, with Senior Associate Konstantina Tsourouni advising on all legal matters.