The Service of the Commission for the Protection of Competition has received a notification of a concentration, according to Section 10 (4) of the Control of Concentrations between Enterprises Law of 2014, concerning the acquisition of part of the share capital of Cyreit Variable Capital Investment Company Plc by Invel Real Estate Management Ltd, via NBG PANGAEA Real Estate Investment Company.
Invel, is a company duly registered under the laws of Jersey. The said company, which is the controlling entity of the Invel Group, primarily focuses on investment opportunities in the European real estate markets.
NBG PANGAEA Real Estate Investment Company is a company, duly registered under the laws of Greece. The said company is active in the market of real estate investment and in the management and operation of real estate throughout Greece.
Cyreit Variable Capital Investment Company Plc is registered as an organization of alternative investment funds (AIF) under the laws of the Republic of Cyprus. This company is listed on the Cyprus Stock Exchange (in non-Negotiable Market investment projects) and operates in real estate rental market.