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Representative Transaction – NBG Pangaea REIC

At the end of 2013, Invel completed on the acquisition of a 66% stake in NBG Pangaea REIC (“Pangaea”) from the National Bank of Greece (“NBG”).

The CompanyPangaea was established in 2010 by NBG with the contribution of certain of NBG’s owned retail branches and main office buildings in Greece (241 properties). Since 2010, the Company has acquired additional assets, including an office asset leased to Cosmote, one of the leading mobile telecommunications providers in Greece and a subsidiary of Deutsche Telekom. Pangaea is internally managed.