At Machas & Partners Law Firm we are proud to have successfully completed, on January 31st, a major real estate transaction pertaining to the sale of 17 real estate properties by Intercontinental International R.E.I.C. and Briq Real Estate Properties with a total value of €60,6 million.
Senior Associate Eleanna Karvouni supported and coordinated from a legal point of view the sale and transfer, from ICI to Briq, of ownership rights on a portfolio of real estate properties, for a total consideration of € 56,6 million, and the execution of a notarial preliminary agreement for additional horizontal properties on a land plot, for a consideration agreed at €4,0 million. Eleanna has advised on all aspects of the transaction and has diligently reviewed all contractual documents, with the meticulous assistance of Associate Dimitris Spyridakis and valuable efforts of Trainee lawyer Anna Maria Pissanou.
The asset deal is the first phase of the merger between Intercontinental International R.E.I.C. and Briq Real Estate Properties. Our firm continues to advise the merging entity under the guidance of Partner and Head of our Corporate/Commercial and M&A team, Ioannis Charalampopoulos.
The conclusion of the above transaction is a statement to our firm’s Machas & Partners promise to deliver exceptional services and concrete results, expanding the value of the interested parties’ ventures.