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.

Source: Gtp Headlines