Date: November 13, 2019
Invel Real Estate, the investment firm focusing on real estate and distressed debt opportunities across Europe, has completed, through its fund managed by Castello, the sale of an office building at Via Bernina 12 in Milan, Italy, to a fund managed by Patrizia Fund Managers, the German real estate asset manager, for €43 million. The…
Date: September 19, 2019
Invel Real Estate (“Invel”), an investment firm focusing on real estate and distressed debt opportunities across Europe, is pleased to share that PRODEA Investments is the new name for the real estate investment company formerly known as NBG Pangaea REIC. With investments now exceeding €2 billion, the new brand reflects the company’s ambitions and…
Date: September 9, 2019
Invel Real Estate (“Invel”), an investment firm focusing on real estate and distressed debt opportunities across Europe, announces that it has appointed Alexis Pipilis as a Principal in London. Alexis will be primarily responsible for acquisitions and the execution of new transactions in the Southern European region, with a focus on Greece and Cyprus. Alexis…
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…
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…
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…
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…
Date: March 27, 2019
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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…
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…
