Feb 2024

Invel appoints Stamatis Sapkas as a Partner

Invel Real Estate (‘Invel’), the private equity real estate firm focused on Southern Europe, has appointed Stamatis Sapkas as a Partner. Stamatis will have a strategic role focused on origination and the successful implementation of the firm’s business plan.

Stamatis is a versatile business professional with over 20 years of experience  in real estate and financial services. He joins Invel following a decade at Globalworth Real Estate Investments (‘Globalworth’), where he served mainly as Deputy Chief Investment Officer and Chief Financial Officer. During his tenure, Globalworth became a leading real estate company in CEE focusing on Romania and Poland with a combined portfolio value of €3.2 billion. Previously, Stamatis was a vice-president in the EMEA Real Estate & Lodging team at Citigroup, London. During his time at Citigroup he worked across a diverse range of transactions including M&A, equity offerings and debt financings in multiple jurisdictions. Stamatis began his career in Greece at the real estate division of the Eurobank Group.

Stamatis joins Invel during a period of sustained growth, including the launch of its discretionary fund series. Invel is a dominant market leader in Southern Europe. Since inception in 2013, Invel has become the largest investor in the Greek real estate market, through the acquisition of PRODEA Investments (formerly known as NBG Pangaea REIC) via a series of transactions culminating in a 98% equity stake in 2019. Under Invel’s steering, PRODEA Investments has substantially grown and is now the largest listed REIT in Greece with a GAV of €2.6 billion. In 2021, Invel launched and sponsored “Mediterranean Hospitality Ventures” a dedicated hospitality vehicle for Greece and Cyprus with a current GAV in excess of €560 million. In 2022, Invel entered the residential sector with the acquisition of an 80% stake in Livewise, a fully integrated and leading institutional grade residential developer in Greece. Invel is a market leader in Italy where it executes both equity and high yield lending transactions and the Italian AUM currently stands at approximately €800 million.

Invel’s Founder and Managing Partner, Chris Papachristophorou, said: “We are proud to welcome Stamatis to our team. Stamatis is a distinguished professional who  brings versatile experience and know-how to the wider Group. With his in-depth real estate knowledge and ability to originate and execute a wide range of transactions,  Invel will continue its upward trajectory.”

Stamatis Sapkas said: “I am excited to have the opportunity to work with Chris and the very strong team of skilled professionals at Invel. Their successful 10-year track record across different strategies in multiple jurisdictions combined with local in-depth knowhow, offers a significant competitive advantage. Invel’s experience to date provides a strong foundation for the future as it embarks on the next stage of growth.”