IFLR1000

Invel, NBG Pangaea and Coller Capital €50 million acquisition of Aphrodite Hills Resort and Aphrodite Springs

3/4/2019
Private acquisition
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€ 50 million

$ 55.810 million

Completed

3/4/2019

Overview:

  • Real estate investment firms Invel Real Estate Partners and NBG Pangea, alongside financial institutional investor Coller Capital, has acquired a majority stake in Aphrodite Hills Resort and Aphrodite Springs for €50 million.

Rajeeb Gurung - Researcher

Jurisdiction:

Cyprus

Deal type:

Private acquisition

Practice area:

M&A

Governing laws:

New Jersey
England and Wales
Channel Islands: Guernsey
Malta
Cyprus

Industry sectors:

Real estate
Tourism

Firms:
Elias Neocleous & Co LLC

Party: Invel Real Estate Partners (Acquirer)

Party: NBG Pangaea REIC (Acquirer)

Lawyers: Costas Stamatiou, Demetris Roti, Elias Neocleous

Reed Smith

Party: Invel Real Estate Partners (Acquirer)

Party: NBG Pangaea REIC (Acquirer)

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