Papapolitis & Papapolitis has advised Hellinikon on the sale of five residential land plots in the Ellinikon Project totaling EUR 106 Million to Brook Lane Capital, Ten Brinke, Hellenic Ergon, and Daedalus Development.
According to Papapolitis & Papapolitis, the land plots in question are "five 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 square meters. The total investment for these developments is projected to reach at least EUR 300 million."
The Papapolitis & Papapolitis team included Managing Partner Nicholas Papapolitis, Counsel Panayiotis Papageorgiou, and Senior Associate Konstantina Tsourouni.
Papapolitis & Papapolitis did not respond to our inquiry on the matter.
Editorial Note: After this article was published, Lambadarios announced it advised Brook Lane Capital in the tender process initiated by Lamda Development for the sale and residential development of the five plots. The Lambadarios team was led Partner Melina Katsimi and Senior Associate and Head of Real Estate Sophia Alonistioti and included Managing Partner Constantinos Lambadarios and Associate Stamatia Tsopela.
