White & Case advises Alpha Bank on real estate investment equity partnership via €438 million real estate portfolio sale

Global law firm White & Case LLP has advised Alpha Bank, one of the Greek systemic banks, on its entry into a definitive agreement with a consortium comprising Dimand S.A. and Premia Properties REIC for the creation of a real estate investment equity partnership through the €438 million sale of a real estate portfolio.

"As a trusted adviser to Alpha Bank we have supported another transformational transaction," said White & Case partner Debashis Dey, who co-led the Firm’s deal team. "This is another milestone in Alpha Bank's continued growth story another exciting and notable landmark in the enduring relationship between the bank and White & Case."

The equity partnership will be focused on the commercialisation, repositioning and development of diverse real estate properties including offices, commercial real estate, retail premises, residential assets and industrial/logistics assets. The transaction is scheduled to close in the second quarter of 2023.

The White & Case team which advised on the transaction was led by partners Debashis Dey (Dubai & London) and Steven Worthington (Abu Dhabi & London), and included local partners Greg Pospodinis and Philip Vavalidis (both Dubai), counsel Claudio Medeossi (Dubai & London) and associates Adnan Bekdur (London & Dubai), Salvia Matonyte, Thomas Jacques (both Dubai) and Hugh Brünjes (Abu Dhabi).

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