Zepos & Yannopoulos advised Club Med SAS in the sale and lease back of the luxury resort Gregolimano Village located in the island of Evoia, Greece, to a Primonial Reim France SA, managed by Hova Hospitality.
Throughout this three-tier project which comprised Club Med’s restructuring, the sale and the long term lease, our firm’s involvement has been vital, consisting in advising Club Med in the required restructuring of its business in Greece, the performance of a vendor’s due diligence, drafting and negotiating the transaction documents, advising on all corporate, commercial, real estate, town planning, regulatory and environmental legal issues, assisting with implementing appropriate solutions, drafting and negotiating the long term lease agreement as well as the agreement on the cooperation with the new owner as regards the renovation of the Village.
The team was led by Athina Skolarikou, partner, head of Corporate & Commercial and Sonia Melegou, partner, co-head of Real Estate supported by senior associate Ioanna Poulakou and associate George Louizos. Sofia Chatzigiannidou, partner, and Nikos Koukos, senior associate, advised on relevant regulatory matters while Anastasia Makri, partner, and Georgia Tsiaoussi, senior associate assisted on the agreement of the parties relating to the renovation of the village.
