Lambadarios Law Firm advised Alpha Bank on the sale of three major real estate assets to Brooklane Capital, including a large cinema complex in the Athens Metro area. The transaction took place by means of a shares sale and purchase transaction for the transfer of 100% of the share capital of Alpha Investment Properties Attikis II A.E, a subsidiary of Alpha Bank which was the owner of the relevant three real estate assets. Our firm prepared the relevant transaction documents and supported Alpha Bank during the process of signing the share sale and purchase agreement and up until the closing of the transaction, through the completion of all formalities for the transfer of the shares of Alpha Bank in Alpha Investment Properties Attikis II A.E.
The transaction was led by managing partner Constantinos Lambadarios, partner Melina Katsimi and finance partner Prokopis Dimitriadis. Assistance by LLF real estate and bank financing team was also required.
Speaking to Constantinos Lambadarios, he said: “A challenge which came up during this particular transaction was the COVID-19 pandemic which broke out during the interim period between the signing of the shares sale and purchase agreement and the closing of the transaction. It is worth noting that although this significant and out of the ordinary event caused a delay in the completion of the transaction, at the end it did not affect closing.”
