KG Advised CBE Capital on EUR 95 Million Financing for Six Senses Hotel in Porto Heli
KG Advised CBE Capital on EUR 95 Million Financing for Six Senses Hotel in Porto Heli
April 2024
KG Law Firm’s Project Finance and Banking & Finance teams acted as Greek legal advisor to CBE Capital and the consortium of sponsors in securing a EUR 95 million senior bond loan facility from Piraeus Bank for the development of the Six Senses Hotel and branded residences in Porto Heli, Greece. The team at KG Law Firm facilitated the structuring, drafting and negotiation of transactional documents, as well as coordinated with lenders and provided comprehensive support throughout the implementation of the transaction. The EUR 150 million development, which is already being enlarged by the purchase of additional adjacent land, is equity-financed by a joint-venture between CBE Capital, Golden Land Goutos, which is owned by the Greek Goutos family, the New York-based Taconic Capital Advisors, and London-based Cedar Capital Partners that was guided by KG Law Firm through every step of the process along with UK and Luxembourg law legal counsels.
The KG Law Firm team was led by Christina Chini, Partner, and Penny Oikonomopoulou, Counsel, and was supported by Konstantinos-Antonios Grivas, Associate, and Andreas Chassiotis, Associate, while continuous collaboration was provided by the firm’s Real Estate Development Partner, Kimon Tsakiris and Marianna Tsatsanifou, Associate.
April 2024
KG Law Firm’s Project Finance and Banking & Finance teams acted as Greek legal advisor to CBE Capital and the consortium of sponsors in securing a EUR 95 million senior bond loan facility from Piraeus Bank for the development of the Six Senses Hotel and branded residences in Porto Heli, Greece. The team at KG Law Firm facilitated the structuring, drafting and negotiation of transactional documents, as well as coordinated with lenders and provided comprehensive support throughout the implementation of the transaction. The EUR 150 million development, which is already being enlarged by the purchase of additional adjacent land, is equity-financed by a joint-venture between CBE Capital, Golden Land Goutos, which is owned by the Greek Goutos family, the New York-based Taconic Capital Advisors, and London-based Cedar Capital Partners that was guided by KG Law Firm through every step of the process along with UK and Luxembourg law legal counsels.
The KG Law Firm team was led by Christina Chini, Partner, and Penny Oikonomopoulou, Counsel, and was supported by Konstantinos-Antonios Grivas, Associate, and Andreas Chassiotis, Associate, while continuous collaboration was provided by the firm’s Real Estate Development Partner, Kimon Tsakiris and Marianna Tsatsanifou, Associate.
