More than 400 million euros has been raised by Invel Real Estate for property investments, according to an announcement.
Including leverage and co-investment capital, the fund will have investment capacity exceeding 1 billion euros, it added. The Eudora Fund 2 focuses on Southeastern Europe, with Greece and Italy as its core markets, which the company said offer attractive opportunities due to structural supply-demand imbalances, fragmented ownership and significant scope for specialised real estate platforms.
With a flexible and disciplined strategy, Eudora Fund 2 invests across the capital structure through two main pillars: providing liquidity and recapitalisation solutions, and investing in individual assets, portfolios and companies.
The fund targets situations where valuations do not fully reflect underlying asset value, where market conditions create attractive opportunities, and where there is significant potential for value creation. The strong oversubscription reflects investor confidence in Invel’s diversified strategy, its track record, deep local market expertise and its ability to source off-market opportunities.
A diversified base of high-quality investors
In this context, Invel attracted a diversified pool of high-quality investors from Greece, the rest of Europe, the Middle East and North America, including leading asset managers, financial institutions, family offices, foundations and pension funds.
To date, around 60% of the fund’s total capital has been committed across 10 investments in Greece and Italy. These span residential, hospitality, logistics and structured financing sectors.
These include a strategic partnership with YellowSquare to develop a leading hybrid hospitality platform (glostels) targeting more than 5,000 beds in Southern Europe, as well as a 111.2 million euro financing package to support the transformation of the landmark Hotel Majestic on Via Veneto in Rome into the Baccarat Hotel Rome.
Eudora Fund 2 also integrates environmental and social criteria across its portfolio, underscoring Invel’s commitment to an investment approach that respects local communities and the natural environment.
One indicative example is the creation of Greece’s first specialised flexible living platform, targeting a portfolio of 2,000 residential units, where each property is designed for long-term resilience and climate adaptation, including high-performance insulation, heat-recovery ventilation systems, central high-efficiency air conditioning, prefabricated components and extensive use of renewable energy sources.
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