trending Market Intelligence /marketintelligence/en/news-insights/trending/m84uuw5thc9fgsbgwehrjq2 content esgSubNav
In This List

NBG Pangaea secures 2 new institutional investors

Blog

Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise

Blog

FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


NBG Pangaea secures 2 new institutional investors

Invel Real Estate Management Ltd., private investment firm Castlelake LP and another institutional investor acquired a 49% indirect equity stake in NBG Pangaea Real Estate Investment Co. from previous investors.

Invel brought on the new institutional investors in order to establish Pangaea as "the leading listed [real estate investment company] in Southeastern Europe," according to a release.

Pangaea is the largest listed real estate investment company in Greece, with a portfolio of more than 330 commercial properties worth around €1.6 billion.

ReedSmith, Baker & McKenzie and Dentons advised Invel on the transaction.