Invel Real Estate (Invel), a real estate investment and asset manager focused on south-east Europe, has acquired a single-borrower non-performing loan portfolio, secured against logistics assets in Greece and comprising a total of €55 mln of unpaid principal balance, from a pool of Greek banks and in cooperation with the borrower.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
