The Greek Papapolitis & Papapolitis law firm acted for York Capital Management (UK) Europe Advisors, in respect of the company's investment in Invel Real Estate Partners’ EUR 653 million acquisition of a 66% stake in NBG Pangaea Real Estate Investment Company from the National Bank of Greece.
The P&P team advised in negotiating the terms of the EUR 125 million investment by York Capital. In addition, P&P advised on banking, regulatory, capital markets, corporate and antitrust matters and worked alongside counsel in the UK, Italy, Netherlands and Luxembourg.
According to Papapolitis & Papapolitis, the acquisition was the largest real estate transaction ever in Greece and one of the largest overall M&A transactions in the Greek market, with Pangaea, the largest Greek real estate investment company, owning a portfolio of real estate assets valued at over EUR 1 billion. The existing portfolio encompasses nearly all of the main office buildings of NBG and its bank branches, spread across various cities in Greece. Other firms advising York Capital included White & Case UK, White & Case Italy, Van Doome, and Ardent & Medernach.
The P&P team included associates Katerina Dalamara (Corporate), Panagiotis Papageorgiou (Real-Estate), Sergios Manarakis (Real-Estate) and Sophia Mavridou (Competition).