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London-based Real Estate Fund Adds Rhodes Lux Hotel to its Roster

Amathus_Beach_1The deal between private equity firm Invel Real Estate and Amathus Beach Hotel on the island of Rhodes is set to go down in ink in April at a price tag of 30 million euros, Greek daily Kathimerini reports.

Leisure Holding SA, the shareholders of the 326-room Rhodes luxury hotel, has accepted Invel’s binding offer. The London-based firm is now awaiting the finalization of the deal.

Invel Real Estate paid over 600 million euros for a majority stake in the National Bank of Greece’s (NBG) real estate unit Pangaia last year.

Established in March 2013, Invel is a limited liability partnership, owned by the Partners, the Managing Partner of which is Chris Papachristophorou, formerly a Managing Director of Deutsche Bank and Global Head of RREEF Opportunistic Investments.  Invel is London-based, UK registered and invests in European real estate.

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