Our team provides comprehensive advice in all legal matters related to real estate. Our experience in the field allows us to cater to the needs of all potential players and/or stakeholders involved in a transaction involving immovable properties. Irrespective of the type of the transaction, its value, or the parties involved, we have the experience to assist and ensure that our clients’ interests are safeguarded and the proposed transactions are concluded in a structured and efficient manner.
We assist prospective buyers and sellers on a daily basis. Throughout our involvement in such transactions, we perform due diligence on the underlying assets and assist with the drafting and negotiation of the transaction documentation. Our clients for this type of work range from individuals acquiring a private residence to investment vehicles acquiring and/or selling significant real estate portfolios.
We can assist with the drafting and/or review of construction contracts, tendering documentation, project management agreements, the procurement process, and development agreements. In this area, we mainly cater to the needs of construction companies, property developers and project managers.
Following the successful negotiation of any agreement, we ensure that our clients enjoy a stress-free experience regarding the conveyancing process and the bureaucratic part of the transaction. In this respect, we have dedicated personnel who will handle the actual filings, assist with obtaining all required clearances, arrange meetings at the land registry and ensure the completion of the title transfer on behalf of our clients.
Whether our client is an established real estate development company in Cyprus, an overseas entity wishing to enter the real estate development market in Cyprus or an investor wishing to develop a real estate project in Cyprus, we can offer valuable support. In addition to the work related to the actual acquisition of the asset, we usually provide legal assistance as regards the corporate structures to be used, the agreements with third parties such as the contractor, the sales or marketing agents, the project manager, the architect and other consultants working on the project and eventually the end buyers. Our experience in this area includes involvement in the development of golf resorts, malls, infrastructure projects, residential development (both large scale and small scale), hotels, mixed tourist development projects, schools, commercial real estate projects and others.
Given that finance is a major element in any real estate project, our team can support clients to ensure that the project can proceed uninterrupted. We can provide legal support in negotiations with banks and third-party lenders and structuring shareholder financing for projects. Our work also includes advising financial institutions or other third-party lenders on providing finance for real estate projects and assisting with the overall mortgage and relevant collateral package.
Through our past practice we have gained significant experience dealing in the hospitality sector, mainly in Cyprus and Greece. As we do advise some of the largest hoteliers in Cyprus and some of the international brands with a presence on the island, we do have experience in drafting or negotiating hotel management agreements. In this area we also deal with acquisitions of hospitality assets, hotel rental agreements and franchise agreements with some of the most iconic international brands.
Depending on the type of investment and the mix of investors involved, we can provide a solution to accommodate the parties’ needs and ensure the successful structuring of an investment in the real estate sector. Whether this relates to capital raising or merely ensuring that all investors have their rights safeguarded, we have the experience to assist and deliver a working structure for all.
Ensuring that a tenancy runs effortlessly is the main concern of any landlord or tenant. In this respect, we can assist our clients, whether these are major corporations taking upon a commercial lease of a newly constructed tower or private individuals renting an apartment. We can assist in preparing the relevant lease agreements and ensure that each party receives the protection it needs.
In this area of our practice, we also serve clients with significant real estate portfolios and offer contract management services.
Considering that real estate development requires several permits and significant back-and-forth with authorities, our team is usually involved in negotiations with town planning and local authorities when our clients need to address issues related to licensing and/or legalization of properties.
