<SEC-DOCUMENT>0001144204-11-037152.txt : 20110623
<SEC-HEADER>0001144204-11-037152.hdr.sgml : 20110623
<ACCEPTANCE-DATETIME>20110623135542
ACCESSION NUMBER:		0001144204-11-037152
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20110614
FILED AS OF DATE:		20110623
DATE AS OF CHANGE:		20110623

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			DRAKOPOULOS PANAGIOTIS
		CENTRAL INDEX KEY:			0001524047

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-54436
		FILM NUMBER:		11927564

	MAIL ADDRESS:	
		STREET 1:		DAVARI 47 STREET
		CITY:			ATHENS
		STATE:			J3
		ZIP:			11744

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PRIME ESTATES & DEVELOPMENTS INC
		CENTRAL INDEX KEY:			0001474167
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE [6500]
		IRS NUMBER:				270611758
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0731

	BUSINESS ADDRESS:	
		STREET 1:		4709 WEST GOLF ROAD
		STREET 2:		#425
		CITY:			SKOKLE
		STATE:			IL
		ZIP:			60076
		BUSINESS PHONE:		224 489 2392

	MAIL ADDRESS:	
		STREET 1:		4709 WEST GOLF ROAD
		STREET 2:		#425
		CITY:			SKOKLE
		STATE:			IL
		ZIP:			60076
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>v226797_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0203</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2011-06-14</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001474167</issuerCik>
        <issuerName>PRIME ESTATES &amp; DEVELOPMENTS INC</issuerName>
        <issuerTradingSymbol>PMLT</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001524047</rptOwnerCik>
            <rptOwnerName>DRAKOPOULOS PANAGIOTIS</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>200 SOUTH WACKER DRIVE,</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 3100</rptOwnerStreet2>
            <rptOwnerCity>CHICAGO</rptOwnerCity>
            <rptOwnerState>IL</rptOwnerState>
            <rptOwnerZipCode>60606</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>CEO</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock, par value $.001</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>6316667</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock, par value $.001</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>4625061</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Owned by Dynamic Investments Ltd.</value>
                    <footnoteId id="F1"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Mr. Drakopoulos is a principal of Dynamic Investments Ltd. and beneficial owner of these shares.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Panagiotis Drakopoulos</signatureName>
        <signatureDate>2011-06-23</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
