Invel Real Estate, the private equity real estate firm focused on Southern Europe, has appointed Stamatis Sapkas as a partner.
Sapkas will have a strategic role focused on origination and the successful implementation of the firm’s business plan.
Sapkas joins Invel following a decade at Globalworth Real Estate Investments, where he served mainly as deputy chief investment officer and chief financial officer.
Previously, Sapkas 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.
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.'
Said Sapkas: '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.'
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.
Prodea Investments is now the largest listed REIT in Greece with a GAV of €2.6 bn.
