Invel, the investment firm focusing on real estate and distressed debt opportunities across Europe, announces that it has appointed George Constantinides as Chief Financial Officer.
As CFO, George will be based in Cyrus and will be responsible for Invel’s financial and operational functions as well as managing some relationships with investors and financial institutions. He will be involved in the due diligence, structuring and execution of transactions, supporting Invel’s investment team in the acquisition, disposal and refinancing processes. George will also be supported by Niki Tofaridou who recently joined Invel’s Cyprus office as group accountant, following previous experience in a number of senior accounting positions in the financial sector. George’s appointment and reorganisation of the financial function will enable the London office to focus on transactions and investor relationships. More specifically, Arnaud Plat will now be able to reallocate his time on deal origination and execution.
George brings more than 15 years of financial experience, most recently as a director and CFO of the IKOS fund and its European investment advisory business, where he was responsible for finance, regulatory compliance and operational risk management. He started his career at KPMG Audit and Assurance in London, where he also gained experience in M&A, business valuations and pre-acquisition due diligence. He is a Fellow Chartered Accountant of the Institute of Chartered Accountants of England and Wales and has a degree in Economics from the University of Cambridge.
Chris Papachristophorou, Managing Partner and Founder of Invel Real Estate Partners, said: “George joins us at an exciting and significant period in Invel’s growth. His extensive experience in our target markets, especially Cyprus, and more broadly in both financial services and investment management, means that he is well positioned to work with our existing team and help us achieve our ambition to be the leading real estate investment and asset manager in the Southern and Southern Eastern European region. We look forward to benefitting from his expertise as we continue to focus on sourcing and executing transactions to deliver superior returns to our investors.”
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Henry Columbine/Polly Warrack t: +44 (0)20 3757 6890
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Notes to Editors:
• Invel Real Estate Management (“Invel”) was established in March 2013 to take advantage of opportunities in the European real estate markets by offering investors the ability to co-invest on a transaction-by-transaction basis.
• Invel brings together a team of investment professionals with several decades of investment experience across real estate asset classes in Europe. Their combined transaction experience is in excess of €20bn of real estate gross asset value, having completed numerous landmark transactions with successful results.
• Invel is headquartered in Jersey and, through its affiliated entities, has offices in the United Kingdom, Italy, the Netherlands, Greece, Luxembourg and Cyprus. Invel’s local presence and in-depth experience in selected European markets allows it to identify and efficiently execute a broad range of real estate investment opportunities.
• Invel currently manages around €2.2bn of assets across Europe.