A Greek construction company and two co-investors agreed to acquire a multi-owner building for redevelopment — through a joint-venture company that did not yet exist, on a target carrying decades of legacy charges, days from the deadline.
Three parties agreed to jointly buy a small building of mixed co-ownership for redevelopment, at a price in the €2–3m range. The deal had to close through a brand-new joint-venture company that did not exist when the deposit was paid, and the deposit itself had to be carried into the new entity without losing its place in the deal.
The title was the deeper problem: a stack of legacy mortgage pre-notations, compulsory seizures and hypothecs going back decades — some of them pre-Euro, drachma-era charges — all of which had to be mapped and discharged against the purchase price at closing. And the pre-contract deadline was days away.
We ran the corporate, funding and contractual workstreams in parallel: forming the company with a 70/15/15 cap table, designing how the paid deposit became a contributed right with a statutory auditor’s report, and structuring a single-creditor bond loan to channel all the investor financing cleanly.
The transaction was structured for a clean, single-creditor close with the historic encumbrances cleared from the sale proceeds — corporate formation, funding mechanics and contract all brought to the line together within the deadline.
A conflict-of-interest waiver was prepared for the joint representation, and the notarial deed readied for completion.
Every enquiry is read personally. We reply within two business days.
Open a conversation →