March 2024 In Banking & Finance

YLP acts as legal advisors to the Mandated Lead Arrangers, Eurobank, Alpha Bank and Piraeus Bank, for the financing associated with the first phase of the investment in the Hellinikon project, the largest development and investment project in Greek history.

News & Works -YLP acts as legal advisors to the Mandated Lead Arrangers, Eurobank, Alpha Bank and Piraeus Bank, for the financing associated with the first phase of the investment in the Hellinikon project, the largest development and investment project in Greek history.

In Banking & Finance

YLP acts as legal advisors to the Mandated Lead Arrangers, Eurobank, Alpha Bank and Piraeus Bank, for the financing associated with the first phase of the investment in the Hellinikon project, the largest development and investment project in Greek history.

Greece’s mega project will convert a 620-hectare property on the site of the former Athens international airport into a complex including a marina, luxury residences, public parks, skyscrapers, sporting facilities, exclusive shops and a casino.
The purchase price for the shares from the Hellenic Republic Asset Development Fund is €915 million, whilst the total investment is estimated to be €8 billion.
After working in the complex standby financing that collateralizes the letter of guarantee for the acquisition of 100% of the shares in Hellinikon S.A. by Lamda Development S.A. from the Hellenic Republic Asset Development Fund (HRADF), during 2023 we worked on a financing and corporate restructuring of the project due to changes of funding sources and aiming to ensure payment of 2nd instalment of the purchase price to HRADF.