Alpha Bank Facilitates Stoa Arsakeio Revitalization
Deal News | May 29, 2025 | CEE Legal Matters
AKL Law Firm has played a crucial advisory role to Alpha Bank regarding the financing of a significant redevelopment project at the Stoa Arsakeio in central Athens. Legendary Food leads this transformation initiative aimed at converting the nearly 200-year-old site into a bustling center of gastronomy, culture, and commerce. The project embodies a strategic step towards revitalizing a historic architectural monument, thus contributing to the urban revitalization efforts in Athens. The AKL legal team includes experienced professionals such as Partner George Zohios and Associates Georgios Rafail Athanassiou and Amalia Vardakoulia, who have contributed significantly to the legal proceedings of this financing agreement. Meanwhile, KBVL is noted to have advised Legendary Food, indicating the collaboration needed among various entities to bring this ambitious project into fruition.
Sectors
- Banking & Finance
- Legal Services
- Real Estate & Development
- Food & Hospitality
Geography
- Greece – The project is situated in central Athens, Greece.
Industry
- Banking & Finance – Alpha Bank's involvement in financing the project positions this activity within the Banking and Finance sector.
- Legal Services – AKL and KBVL, as legal advisories, play a significant role, categorizing the article under Legal Services.
- Real Estate & Development – The revitalization of the Stoa Arsakeio involves real estate development, fitting into this sector.
- Food & Hospitality – Legendary Food leading the project places emphasis on the Food and Hospitality industry.
Financials
- Not disclosed – The financial terms of the transaction were not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Alpha Bank | Financer | Company | Alpha Bank is providing the financing for the redevelopment project. |
| AKL Law Firm | Legal Advisor to Alpha Bank | Company | AKL advised Alpha Bank on the financing process for the project. |
| Legendary Food | Project Developer | Company | Legendary Food is spearheading the revitalization project. |
| KBVL | Legal Advisor to Legendary Food | Company | KBVL provided legal advisory services to Legendary Food. |
| George Zohios | Partner at AKL | Person | |
| Georgios Rafail Athanassiou | Associate at AKL | Person | |
| Amalia Vardakoulia | Associate at AKL | Person |