Two adjacent seafront plots, won at a competitive price, merged into a single site for a building of eight ultra-luxury homes — permitted and pre-sold while it was still being built.
A development vehicle set out to assemble two adjacent plots on the Athenian Riviera and build a small number of very large, very private residences on the combined site. The first problem was simply getting the land — the parcels were acquired through a competitive process at a price in the €6–7m range — and then legally merging two titles into one developable whole.
A premium building on a coastal site brings a long permitting sequence: planning confirmation, the building permit, and the horizontal-property regime that legally divides the building into its eight separate homes. None of it could wait, because the commercial plan called for pre-sales to open while the structure was still going up.
We acted on the Greek-law leg end to end — acquisition, merger, permitting, the unit-by-unit ownership regime, the staged contractor agreements, and the off-plan reservation and purchase contracts that protect a buyer who commits before completion.
The site is permitted and into structural works, with several of the eight homes reserved or sold off-plan against a targeted gross development value in the €20–30m range. The horizontal-property regime was drafted with the eventual owner in mind rather than the developer’s convenience.
The firm continues to act on the pre-sale programme and on the contractor agreements through the 29-month build.
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