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Invel and its affiliated entities are supporting the global response to the Covid-19 crisis.

Date: March 21, 2020

Invel Real Estate (“Invel”), the private equity firm focusing on real estate investments and real estate distressed corporate and debt opportunities across Europe, and its affiliated entities, are actively supporting the global response to the Covid-19 crisis, by donating in excess of €450,000 in the form of accommodation, medical supplies and medical equipment, supporting the…

Invel invests further €120m in Italian office market

Date: January 8, 2020

Invel Real Estate (‘Invel’), the investment firm focusing on real estate and distressed debt opportunities across Europe, has invested an aggregate of €120 million into two office assets in Milan and Rome on behalf of an institutional investor, bringing Invel’s AUM in Italy to more than €750 million. The investment refers to a 28,000 sq…

Invel sells Milan office building to Patrizia for €43m

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…

NBG Pangaea REIC becomes PRODEA Investments

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…

Invel appoints Alexis Pipilis as a Principal in London

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…

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…

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…

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…

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…

Invel Real Estate Partners has tapped Pasquale Pedata for its London team.

Date: March 27, 2019

Read more…

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…

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…

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….

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…

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…

Property Week – 2019 forecast: Arnaud Plat (Invel Real Estate Partners)

Date: January 9, 2019

“While identifying and maximising opportunities regardless of the cycle is central to what Invel does, fundamental issues in Europe need to be properly addressed, with Spain the most recent European country to experience a nationalist surge.” Read the full article here on Property Week

Invel completes the reorganisation of its indirect majority stake in Pangaea bringing in two new institutional investors

Date: March 9, 2018

9 March 2018 – Invel Real Estate Management Limited (“Invel”) is pleased to announce that it has successfully completed the reorganization of the ownership structure of its indirect majority stake (the “Equity Stake”) in NBG Pangaea REIC (“Pangaea”). Over the past four years, the first phase of Pangaea’s investment plan was successfully implemented, seeing Pangaea’s…

Invel Strengthens Italian Investment Team

Date: January 29, 2015

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…

Invel completes acquisition of NPL real estate portfolio

Date: January 15, 2015

London, 14 January 2014 – Invel Real Estate Partners (“Invel”) is pleased to announce that it has completed the acquisition of a portfolio of loans from the National Asset Management Agency (“NAMA”) with a face value of approximately £140 million. The underlying assets comprise a mixture of commercial and residential assets located mostly in the…

Invel Strengthens Investment Team

Date: July 23, 2014

Invel has strengthened its Investment team with three key appointments. These new appointments bring additional expertise that will enhance Invel’s ability to take advantage of opportunities in the European real estate market that involve corporate and government restructuring, complex capital structures, and/or asset redevelopment and repositioning. Arnaud Plat joins as Chief Operating Officer and Head…

Invel Completes Acquisition of Pangaea Stake and Announces York Capital Management as Co-investor

Date: January 2, 2014

London, 2nd January 2014 – Further to its announcement of 25 November 2013, Invel Real Estate Partners (“Invel”) is pleased to advise that, following successful regulatory approval, it has completed the acquisition of a 66% stake in NBG Pangaea Real Estate Investment Company (“Pangaea”) from the National Bank of Greece (“NBG”) for approximately €653 million….

Invel Signs Agreement on Largest Ever Greek Real Estate Transaction

Date: November 26, 2013

London, 25th November 2013 – Invel Real Estate Partners (“Invel”) has today signed a share purchase agreement to acquire a 66% stake in NBG Pangaea Real Estate Investment Company (“Pangaea”) from the National Bank of Greece (“NBG”). Pangaea, the largest of Greek REICs, currently owns a portfolio of 243 commercial properties comprising a gross leasable…