Van Campen Liem assisted Castlelake LP in a secondary investment in NBG Pangaea REIC

Van Campen Liem assisted Castlelake LP and another major institutional investor in the consortium together with Invel Real Estate Management Limited (“Invel”) that acquired a 49% indirect equity stake in NBG Pangaea REIC (“Pangaea”) from prior investors. Such a consortium, together with York Capital Management who was already part of the consortium set-up by Invel for the initial acquisition of the Equity Stake in 2013, owns 65% in Pangaea. 

Pangaea is the largest listed REIC in Greece. Its real estate portfolio currently worth circa EUR 1.6 billion consists of more than 330 commercial properties.

The Van Campen Liem team included Marcello Distaso, Andrew de Vries, Jeremy Muszkatblit, Piet Boonstra, Coen Sip, William Tanguy, Aldo Schuurman, Martha Michali, Eduardo Trancho, Ramzi Sahli and Thijs Leupen.

Link:
http://www.invelrealestate.com/invel-completes-the-reorganisation-of-its-indirect-majority-stake-in-nbg-pangaea-reic-bringing-in-two-new-institutional-investors/