We are pleased to announce that our firm advised the Sani/Ikos Group, through Ikos Luxco S.à r.l., on the acquisition of 100% of the shares in Gournes Development Real Estate S.A. from Arcela Investments Ltd, a subsidiary of Dimand S.A.

The company owns a 346,000 sq.m. beachfront property in Gournes, Heraklion, formerly part of a US military base, for which a Special Spatial Development Plan for Public Property (ESHADA) providing for hospitality and commercial uses has been approved. The acquisition marks a significant addition to the Group’s portfolio of luxury resorts in the Mediterranean.

Our core team consisted of Vassiliki Salaka, assisted by Pantelis Zalokostas and Mara Skiada.

Our team was further assisted by Sofia Mavridou, Stergios Zygouras, Eleonora Ligoutsikou, Natalia Kioutsouki, Ifigeneia Betzou and Evgenia Bali.

Congratulations to all parties involved.