Nov 2022

Corporate & Commercial Real Estate

Making a winning case for Greek Investments.

Machas & Partners has acted as external legal counsel to Hellenic Republic Asset Development Fund (HRADF/ΤΑΙΠΕΔ), in the largest urban development project in modern Greek history.


Machas & Partners law firm has engaged for more than two years in all critical steps of the transaction and has successfully advised inter alia in the drafting of the Partition and Surface Rights Establishment Deed, the Conveyance Deed, the State Direct Agreement, the Deferred Payment Bond for an amount of up to EUR 349,191,349, as well as the Share Transfer Agreement for the sale and transfer of the entire share capital of Ellinikon S.A. at an aggregate purchase price of EUR 915,000,000.

The landmark transaction of the acquisition of the entire share capital of Ellinikon S.A. by LAMDA Development S.A. was successfully completed in 2021.