Alimos Marina Concession

AnnouncementsAlimos Marina Concession

We have acted as legal advisors of the Hellenic Republic Asset Development Fund in relation to the Alimos Marina Concession, one of the largest marinas in the region with more than 1,000 permanent positions. The transaction reached its financial closing end of December 2020.  Total consideration for a 40-year concession period is €57.5 million, while taking into account the investment to be made in the Marina, the total value of the agreement for the whole concession period is over €177 million. The deal benefits from a project financing by way of a €88.5 million bond loan arranged by Alpha Bank. YLP has acted as co-counsel to the Fund. We continue to act for the Fund in its involvement as Grantor and assist it in its interaction with the Concessionaire and the other parties in the Concession Agreement and the State Direct Agreements DVlaw team is led by our partners Yiannis Palassakis and Irene Anyfanti.

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