Invel completes acquisition of NPL real estate portfolio
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 United Kingdom.
Invel’s Chief Investment Officer, Luv Shah, said: “Invel continues to actively search for and take advantage of opportunities in the European real estate market. This transaction is a testament to Invel’s ability to source and structure highly complex transactions where there is an opportunity to add value through active asset management and development.”