P&P acted as legal advisor to PRODEA Investments on the largest real estate transactions to take place in Greece in 2025, with VYP Group and National Bank of Greece (NBG) respectively, bringing the total value of the combined transactions at over €1.3 billion.
Transaction with VYP Group
The cross-border transaction with VYP Group Ltd included: the sale of a real estate portfolio to VYP Group valued at €676 million, and PRODEA’s 30% stake in Piraeus Tower S.A.; as well as the acquisition by PRODEA of a 30% stake in MHV Bluekey One, owner of the Porto Paros Resort in Paros.
Transaction with National Bank of Greece (NBG)
The transaction with NBG included the agreement for the sale of a portfolio of 100 properties, valued at €510.7 million.
Both transactions form part of PRODEA’s strategic decision to focus on the high-growth sectors of hospitality and logistics and underscore the continued evolution of Greece’s real estate market.
The P&P team was led by Partners Amalia Balla and Elena Papachristou, and Senior Associates, Chrysoula Giannopoulou, Evgenios Fiflis, Konstantina Tsourouni and, Associates Kassiani Flaouna and Panagiotis Antonakos.
We extend our warmest thanks to PRODEA for their trust, as well as to the VYP Group and NBG and their counsels, PotamitisVekris and Karatzas & Partners, respectively for their cooperation throughout the transactions.