Zepos & Yannopoulos has advised Club Med SAS on the EUR 70 million sale and leaseback transaction for the Gregolimano Village resort on Evia with Hova Hospitality, acting on behalf of Primonial REIM France. Watson Farley & Williams advised Hova.
According to WFW, "the high-end resort is currently being renovated as part of an extension and renovation project with an initial budget of EUR 20 million. Located on Greece’s second largest island of Evia (Euboea) along a secluded beach, Club Med Gregolimano specializes in all-inclusive luxury holidays, with a special focus on water-sports lovers and active families."
Club Med SAS is a French travel and tourism operator headquartered in Paris and specializing in all-inclusive holidays. Primonial Real Estate Investment Management provides portfolio management services.
Zepos & Yannopoulos’ team included Partners Athina Skolarikou, Sonia Melegou, Sofia Chatzigiannidou, and Anastasia Makri, Senior Associates Ioanna Poulakou, Nikos Koukos, and Georgia Tsiaoussi, and Associate George Louizos.
The WFW team included Partner Nikolaos Kostikas and Senior Associates Georgia Mathiopoulou and Sofia Tyligada.
Zepos & Yannopoulos did not respond to our inquiry on the deal.
