London, 27 January 2015 – Invel, the specialist European real estate investor, has strengthened its investment team, with two key appointments who will focus on the Italian market. Piergiorgio Orru and Francesco Molinari bring significant expertise that will enhance Invel’s ability to take advantage of opportunities primarily in Italy but also across other European real estate markets that involve corporate and government restructuring, complex capital structures, and/or asset redevelopment and repositioning. These new hires follow Invel’s appointment in 2014 of Arnaud Plat, Thanasis Karagiannis and Becca Wu.
Piergiorgio Orru, Principal
Piergiorgio Orru joins the London office of Invel as a Principal after 10 years of experience at RREEF, the private equity real estate arm of Deutsche Bank that was subsequently renamed Deutsche Asset and Wealth Management (“DeAWM”). Piergiorgio will cover both Italy and other European markets. He has completed transactions with a total gross asset value in excess of €2.5 billion across several European jurisdictions with a particular focus on Italy, the United Kingdom and Poland, and covering a variety of asset classes including residential, office, logistics, student housing, and retail. Furthermore, Piergiorgio has managed and completed numerous development projects ranging across office, retail and residential, with a total gross asset value of over €500 million.
Francesco Molinari, Head of Italian Acquisitions
Francesco Molinari joins the Italian office of Invel as Head of Italian Acquisitions, after 8 years at private equity group Carlyle, latterly as an Associate Director, where he focused on opportunistic real estate deals. Francesco has closed transactions exceeding €500 million among which were portfolio deals, mixed-use properties, and corporate real estate transactions. Prior to joining Carlyle, Francesco was an Auditor for PwC in Milan.
Commenting on these new appointments, Chris Papachristophorou, Managing Partner at Invel, said:
“I am delighted to welcome Piergiorgio and Francesco to Invel. They bring with them a wealth of experience with a focus on the Italian real estate market. The arrival of Piergiorgio and Francesco significantly strengthens our ability to source opportunities and successfully conclude transactions in the Italian market.”
Invel Real Estate Partners seeks to capitalise on real estate investment opportunities throughout major European markets that involve corporate and government restructuring, complex capital structures, and/or asset redevelopment and repositioning.
Founded by Chris Papachristophorou, formerly a Managing Director of Deutsche Bank and Global Head of RREEF Opportunistic Investments, Invel comprises 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 €20 billion of real estate gross asset value, having completed numerous landmark transactions with successful results.
Invel capitalises its transactions with investments from various institutional partners, including hedge funds, real estate funds and high net worth individuals / family offices, amongst others.