Large-Scale Real Estate Developments in Cyprus
Patrikios Pavlou & Associates LLC is a top-tier full service law firm based in Cyprus with significant expertise in the local and international legal market. Founded in 1963 by Patrikios Pavlou, a barrister from Limassol, the Firm developed into a leader in the legal services field and regularly advises some of the largest organisations in Cyprus and abroad, ranging from international financial institutions, tech companies, large real estate developers in Cyprus as well as international investors and law firms.
Today, Patrikios Pavlou & Associates LLC is one of the largest and most successful law firms in Cyprus with a strong client portfolio, both locally and internationally. The Firm has provided professional assistance and expert legal advice in numerous legal matters, ranging from advising private clients and real estate construction and developing companies, licensing, corporate setup, financing, as well as dispute resolution assistance for large-scale projects in Cyprus and internationally.
The Firm recognises that the real estate and hospitality sectors underpin the local economy and strives to offer leading legal and professional services to foreign and local private clients and investors, drawing from its expertise in handling some of the largest transactions and cases in Cyprus and abroad.
Patrikios Pavlou & Associates LLC has been involved in landmark projects ranging from the hospitality industry, to the construction and development industry and handled some of the most high-value and specialised real estate transactions in Cyprus, representing High Net Worth Individuals investing in the real estate industry in Cyprus as well as local businesses, firms and organisations, developing large-scale real estate projects throughout Cyprus.
Our expert team can provide assistance from the inception of the real estate project, to the development and completion thereof, including but not limited to the provision of structuring advice, the negotiation and preparation of any required complex legal documents and agreements, legal assistance with the financing part of the transaction, conducting the relevant due diligence on the entities and immovable properties involved, and providing practical support throughout all stages of the project.
The Firm draws on its expertise in international transactions and its experience in different practice areas to bring commercially minded advice to both local and international clients. Its experience in multiple areas of law, including private client, tax, dispute resolution, corporate law and financing, along with a network of professional experts and associates, helps create a truly multidisciplinary firm that can offer comprehensive advice on major transaction, developments and acquisitions.
The aim of the Firm is to provide its clients with top-quality professional legal advice and practical guidance covering the full range of their business activities, in respect of both domestic and international transactions. The Firm’s participation in pioneering international professional associations, as well as, the prominent relationships with respectable international law firms and other associates, are the cornerstones of its future plans and strategies. We always aim to exceed the expectations of our clients and provide them with highest-quality legal and professional advice and legal insight, which combines the Firm’s high standards with in-depth local expertise. Additionally, we always aim to ensure that our advice is practical, drawing on the range and depth of our expertise to develop solutions that make commercial sense for our clients.
Patrikios Pavlou & Associates LLC is constantly recognized as a top performing firm in respect of its distinctive, professional client services and legal advice and as a result, the Firm ranks highly in all international legal directories and has received numerous awards over the years.
Patrikios Pavlou & Associates LLC is celebrating its 60th anniversary in 2023, and continues to operate under the same core ethics: the provision of continuing value, quality, respect, integrity and professionalism.
NOTABLE REAL ESTATE TRANSACTIONS
The Firm advises a consortium of international real estate investors on their first project in Cyprus, a residential luxury development in a landmark location. The Firm advises on all aspects of the project, from establishing the corporate structure, purchase of the land plots and urban planning licensing, to financing, contracts with engineers and construction firms as well as handling the sales and lease agreements with potential clients, purchasers and tenants.
The Firm provided advice and assistance in relation to the design and development of a special leisure, golf and residential project in Limassol, including the financing aspect of the transaction.
The Firm assisted one of the leading property developers in the Eastern Mediterranean at the development, planning and licencing stages of their latest project in Limassol, which is the largest they have ever developed. The advice provided concerned every aspect of the project, which is currently under construction, such as negotiating the agreements with the design consultants, architects, contractors and engineers, most of them international experts, involved in the design and construction of the buildings. This landmark project is considered to be among the largest private and commercial real estate investment opportunities in Cyprus and it has already attracted international investors.
The Firm is acting on behalf of the prospective purchasers of a number of large commercial plots of land in the centre of Limassol. The Firm is negotiating the terms of the transaction on behalf of the purchasers, is preparing the relevant documentation for the real estate transaction, is carrying out the due diligence on the land and actively assists on all practical aspects of the deal.