Invel sets record as the largest ever real estate investor in Greece with an aggregate €1 billion investment in Pangaea

Date: May 24, 2019

Invel Real Estate (“Invel”), an investment firm focusing on real estate and distressed debt opportunities across Europe, announces that it has become the largest ever investor in the Greek real estate market following the completion of its acquisition of a further 32.7% stake in NBG Pangaea REIC (“Pangaea”) for a consideration of €390 million, from…


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Pangaea and INVEL Real Estate: Conclusion of the the acquisition of 98% of the shares of the company “The Cyprus Tourism Development Public Company Limited,” owner of Hilton Cyprus

Date: April 19, 2019

NBG Pangaea REIC (Pangaea) and Invel Real Estate (Invel) announce that Vibrana Holdings Ltd, in which Pangaea holds 90% and Invel Group 10%, concluded the acquisition of 98% of the shares of the company “The Cyprus Tourism Development Public Company Limited” (CTDC) for a total consideration of €55.5 mn. Vibrana intends to exercise its right…


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Invel and Pangaea complete the acquisition of a majority stake in Aphrodite Hills, Cyprus

Date: April 4, 2019

Invel, the investment firm focusing on real estate and distressed debt opportunities across Europe, announces that alongside NBG Pangaea REIC (“Pangaea”) and another major institutional investor, it has acquired a majority stake in Aphrodite Hills Resort Limited and Aphrodite Springs Public Limited in Pafos, Cyprus for c. €50 million. Aphrodite Hills Resort comprises 234 hectares…


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Invel set to acquire remaining stake in Pangaea for €390m

Date: April 3, 2019

Invel Real Estate (Netherlands) II B.V. (“Invel”), the investment firm focusing on real estate and distressed debt opportunities across Europe, has served a Call Option Exercise Notice to the National Bank of Greece (“NBG”) to acquire from NBG their 32.7% stake in NBG Pangaea REIC (“Pangaea”), the largest real estate investment company in Greece. This…


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International hotel brands in Cyprus on the rise

Date: March 8, 2019

“For Hilton Cyprus, latest information indicates that the capital’s five-star hotel may stop operating under this brand name. Following an agreement last month for the acquisition of 96.82% of the shares of the owner company, the hotel will be transferred to the hands of NBG Pangaea and Invel Real Estate.” Read full article… 


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Invel appoints George Constantinides as CFO

Date: February 25, 2019

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…


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Invel bolsters team in London with Pasquale Pedata

Date: February 24, 2019

Invel, the investment firm focusing on real estate and distressed debt opportunities across Europe, announces that it has appointed Pasquale Pedata as a Senior Associate in London, reporting to Arnaud Plat and Luv Shah. Pasquale joins from Cerberus Group, where he was part of the European NPLs and Real Estate asset management team in London….


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Pangaea and Invel sign an agreement for the acquisition of the five * Hilton hotel in Nicosia (Cyprus)

Date: February 23, 2019

NBG Pangaea REIC (Pangaea) and Invel Real Estate (Invel) announce that Vibrana Holdings Ltd, in which Pangaea holds 90% and Invel Group 10%, signed an agreement for the acquisition of 96.82% of the shares of the company “The Cyprus Tourism Development Public Company Limited” (CTDC) for a total consideration of €54.9 mn. CTDC is the…


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Invel strengthens platform in Italy with two senior appointments

Date: February 22, 2019

Invel, the investment firm focusing on real estate and distressed debt opportunities across Europe, announces that it has appointed Aniello Priore as Chief Financial Officer for Invel Italy, and Fabio Bronzoni as Head of Asset Management in Italy. Both Aniello and Fabio will be based in Invel’s Italian headquarters in Milan, and will report to…


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