Alpha Bank Completes Partial Real Estate Portfolio Disposal in Greece
Deal News | Mar 10, 2025 | CEE Legal Matters
In a significant transaction advised by international law firm White & Case, Alpha Bank has executed the partial disposal of a real estate asset portfolio in Greece. The portfolio's construction initially had a valuation nearing EUR 400 million. Adjustments and asset sales to third parties have refined this portfolio, leaving 460 assets valued at nearly EUR 300 million, with Alpha Bank retaining a minority interest. Another advisory firm, Karatzas Partners, reportedly supported Alpha Bank through this transaction. Meanwhile, the buyer was advised by Sullivan & Cromwell and Potamitis Vekris, signaling a collaborative legal effort by multiple reputable firms. The White & Case team involved experts from offices in Dubai, London, and Abu Dhabi.
Sectors
- Real Estate
- Legal Services
- Banking
Geography
- Greece – The real estate assets and the transaction being discussed are located in Greece.
- United Arab Emirates – White & Case's involvement includes lawyers based in Abu Dhabi, UAE.
- United Kingdom – White & Case's team included members from their London office.
Industry
- Real Estate – The article discusses Alpha Bank's disposal of a real estate assets portfolio.
- Legal Services – Multiple law firms including White & Case, Karatzas Partners, Sullivan & Cromwell, and Potamitis Vekris are involved in advising for the transaction.
- Banking – Alpha Bank, a major financial institution, is at the center of the transaction.
Financials
- EUR 400 million – Initial valuation of the real estate portfolio created for the transaction.
- EUR 300 million – Current valuation of the 460 assets remaining as minority-owned by Alpha Bank after sales to third parties.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Alpha Bank | Seller | Company | A leading Greek bank involved in the partial disposal of real estate assets. |
| White & Case | Legal Advisor to Alpha Bank | Company | A prominent international law firm advising Alpha Bank on the transaction. |
| Karatzas Partners | Legal Advisor to Alpha Bank | Company | A Greek law firm reportedly advising Alpha Bank alongside White & Case. |
| Sullivan & Cromwell | Legal Advisor to Buyers | Company | An international law firm advising the buyers in the transaction. |
| Potamitis Vekris | Legal Advisor to Buyers | Company | A Greek law firm advising the buyers. |