Potamitis Vekris has advised the Hellenic Republic Asset Develoment Fund on the EUR 400 million sale of the Astir Palace hotel complex in Athens by it and the National Bank of Greece to Apollo Investment ΗoldCo, a subsidiary of Jermyn Street Real Estate Fund IV LP. The National Bank of Greece was advised by the Alexiou-Kosmopoulos Law Firm, while M&P Bernitsas advised Apollo Investment HoldCo.
According to Potamitis Vekris Partner George Bersis, who led his firm's team on the deal, the sale of the "landmark hotel complex [was made] through an international tender and it was the largest leisure transaction of 2016."
The M&P Bernitsas team acting for Apollo and Jermyn Street Equity Partners was led by Associates Nikos Vouhiounis and Christina Zakopoulou.
Alexiou-Kosmopoulos did not reply to our inquiry on the matter.
Image Source: astir-palace.com
