Five properties of the late Melbourne billionaire Nick Andrianakos have become the subject of a major family dispute between his four children following his death in Greece last year.
The case is now before the Supreme Court of Victoria, with tensions escalating after mediation efforts failed.
His youngest son, Theo, is challenging the existing arrangements, arguing that an unsigned revised will reflects his father’s true intentions. In contrast, his siblings – Paul and Kristina Andrianakos and Vicky Papamarkou – are relying on the original signed will to determine how the inheritance should be distributed.
A source close to the matter described the dispute as “Melbourne’s answer to Succession,” pointing to the high financial stakes and the involvement of leading legal teams.
The situation is further complicated by the reported involvement of the late businessman’s partner in Greece, who was allegedly promised up to €5 million from the estate. Succession planner Peter Pagonis is also listed as a plaintiff alongside Theo, although he has not publicly commented.
Andrianakos’ estate is extensive, including multiple high-value properties across Victoria, such as a Greenvale mansion and a penthouse at the Westin Hotel, along with business and development interests in Greece.
The family’s wealth, estimated at around $2 billion in 2025, has been built through a vast property portfolio and major investments, including a significant stake in the Northland shopping centre.
Source: The Age
