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    Milestones

  • 2013

    Invel is founded and it acquires a 66% stake in Prodea (previous NBG Pangaea) from the National Bank of Greece, the largest real estate transaction in Greece at the time

  • 2014

    Invel acquires in an off-market transaction a portfolio of real-estate assets in London, Liverpool and Italy through the acquisition of a single-borrower portfolio of NPLs and simultaneous acquisition of the shares of the borrowing entities.

  • 2015

    Invel acquires in an off-market transaction a portfolio of nine well-leased and managed retail assets in Poland totaling c. 55,000 sqm through the acquisition of a single-borrower NPL portfolio and simultaneous acquisition of the shares of the borrowing entities

    Invel acquires in an off-market transaction the award-winning Aphrodite Hills Golf & Spa from Bank of Cyprus in a transaction involving a restructuring and retranching of the existing debt facilities

    Prodea is listed on the Athens stock exchange through a reverse merge with MIG Real Estate REIC, another Greek listed REIT  

  • 2016

    Invel acquires in an off-market transaction two Italian real estate portfolios from a listed closed-end fund in liquidation

  • 2017

    Invel acquires in an off-market transaction two prime assets in an exclusive area of Milan out of a debt for asset swap in a cooperative transaction involving the lender and the borrower under the Italian bankruptcy law Art 67 restructuring plan

  • 2018

    Invel structures a GP-led secondary transaction by bringing on board two blue chip institutional investors in the Invel upper-tier structures controlling Prodea

    Invel acquires in an off-market transaction Nikki Beach Hotel, a 66-room boutique hotel in Porto Heli, Greece

  • 2019

    Invel acquires three non-performing loans to the same borrower group collateralized by hotels in Greece

    Invel structures a GP-led secondary transaction on Aphrodite Hills Golf & Spa involving the complete exit of the financial partner brought on-board in the 2015 acquisition and the entry of two new institutional investors to lead the resort through its next phase

    Invel completes in an off-market transaction the acquisition of two office assets to be repositioned or redeveloped in Milan and Rome

    Invel and Prodea acquire the Landmark hotel in Nicosia

    Invel exercise the call option it had with NBG, thereby increasing its stake in Prodea to 98%, and at the same time it brings on board a new blue-chip institutional investor in the Invel upper-tier structures controlling Prodea

  • 2020

    Invel completes in an off-market transaction the acquisition of an office tower in Milan and two land plots for logistics developments

    Invel sponsors the creation of the Mediterranean Hospitality Venture (“MHV”) alongside two other investors

    Invel enters the high-yield debt market by originating and advising in an off-market transaction on the structuring of a €45m secured bond issued by an Italian listed REIT and underwritten by an international institutional investor

  • 2021

    Invel structures a GP-led secondary transaction by bringing a blue-chip institutional investor into an existing fund structure leading to the eventual merger of two Italian regulated funds

    MHV acquires the Parklane Luxury Collection Resort & Spa in Limassol in April 2021 – Prodea raises a €300m Green Bond, the first of its kind in Greece

    Invel originates in an off-market transaction a €15m secured corporate facility to a listed sponsor

    Invel acquires in co-operation with the borrower, a single-borrower NPL portfolio from four Greek banks