About us
About
Revetas Group
Revetas is a Pan European real estate investment advisor with a thematic approach and focuses on distressed opportunities and value-add investments which may be entangled in complex, special situations. The firm’s leadership has been active in Europe for the past 25 years and Revetas has been a leader in the European real estate market. Revetas Capital was founded in 2002* and is led by Managing Partner Eric Assimakopoulos, with offices in London, Vienna and Luxembourg.
Revetas serves a global base of institutional investors, pension funds, endowment funds, asset managers, family offices and ultra-high-net-worth individuals with a razor-sharp focus on delivering superior, risk-adjusted returns.
The success of Revetas is built on a performance-oriented, ethical culture with a strong sense of individual responsibility and respect for the communities in which we operate.
Incorporating ESG principles into our day-to-day operations, we emphasize alignment, transparency and integrity, guaranteeing that our activities demonstrate our dedication to sustainability and responsible management practices.
Our organization is aligned with our investors and partners at all levels. Strong governance, transparency and accountability are the keystones of our relationships with investors, partners and affiliates.
Revetas is committed to maintaining a clean environment and to sustainable development. Wherever possible, Revetas will meet or exceed the standards set out in LEED and BREEAM. In particular, Revetas-led investments seek to:
- Provide a healthy indoor environment for tenants
- Minimize the consumption of resources and the emission of greenhouse gases
- Reduce the amount of waste that is not recycled, and
- Reduce operating and tenant costs
- Carbon Neutrality Commitment: Revetas is committed to achieve net carbon neutrality across the portfolio by 2040
- ESG Strategy and its impact: our ESG Strategy will influence every asset and individual within our sphere, promoting sustainability and responsibility
- Energy Efficiency Improvement & Renewable Energy Integration: embracement the 3rd Stage of our Decarbonization Strategy
- Community Engagement
- Diversity & Inclusion
- Transparency & Reporting: including the first ESG Revetas Report demonstrating our commitment to transparency by providing clear insights into our progress and initiatives
Revetas believes that the team’s commitment and financial alignment, coupled with a drive for results, a culture of transparency, integrity, passion and determination are foundational to its success, and create the basis for its true and enduring partnerships with investors, lending banks and partners.
* Bifrost Investment Group, the predecessor of Revetas, was established in 2002.
Mission, Vision, Values
Mission
To be a leading institutional real estate investment manager specialized in distressed opportunities and special situations across multiple asset classes in key capital cities and financial hubs across Europe, to acquire real estate intelligently and add value, to deliver high-quality top-quartile returns to our investors throughout the investment lifecycle.
Vision
To create a positive social and economic impact and long-term value for our investors, our team and their families, our tenants, and the communities we work and live in.
Values
Transparency, alignment, integrity, discipline, commitment, hard work, passion, creativity, entrepreneurship, comradery, conviction and connectivity (working together).
History
Revetas Capital LLP was established in 2002* as an operating partner across Europe. In 2012 Revetas set up the fund advisory business to complement its operating platform and advise funds that source and actively manage distressed, undervalued, value-add and opportunistic real estate investments in Central European markets with strong macro-economic fundamentals where we see compelling thematic opportunities.
The business is led by Eric Assimakopoulos, who brings about 30+ years’ experience in construction, development and real estate investment, and a seasoned team of senior managers, each with over 15 years of experience.
For over two decades, the Revetas team have managed investments as an owner-operator, partnered with experienced advisors in each of our markets, and attracted co-investment from some of the leading real estate investors globally.
Revetas has successfully navigated challenging cycles and consistently delivered exceptional returns for our investors which include institutions, endowment funds, pension funds and ultra-high net worth individuals in the United States, Europe and the Middle East.
* Bifrost Investment Group, the predecessor of Revetas, was established in 2002.
-
2022
- Launch of ESG (Arup & Measurable software)
- Ukraine war –Launch of initiatives to support Ukrainian refugee
- Focus on living, logistics, hospitality, grocery anchored retail
- Launch of Fund IV
- New partners coming
- Whitepaper on refugee crisis
-
2021
- Actively manages portfolio vs. crisis management
- Refocus strategy from office to residential
- Managing our portfolio and markets in transition
- Changing the office landscape
- Debt restructuring
- Government incentives
- Liquidity
- 100m Papa Portfolio exit complete
- Postage exit
-
2018 – 2020
- Trigranit is acquired, JVs with EBRD & Goldman Sachs, exits from Fund I + II
- 3 established institutional funds
- Partnerships with Goldman, EBRD, Strat partners (Blackstone)
- Crisis GVC
-
2012
- Backdrop and GFC (Global Financial Crisis)
- Revetas is established
- London and Luxembourg offices open
- Fund I first closes
- Restructures debt with international bank
-
2004
- Enters CEE
- Institutionalizes real estate
- Mixed use
- Hospitality
- Partnership with Patron Capital
-
2002
- European Office Strategy
- Sale lease back with KKR
- Sale lease back Ministry of Finance, Belgium
-
1999
- Partners with Morgan Stanley formed Metronexus US & Europe
- Design / develop data centers
- Huston, Atlanta, New York, Stockholm, France, Italy
-
1995
- Deregulation of telecommunications
- Outside plant engineer for MCI
- Design / Build data centers / Carrier hotels & Switch facilities
Fiber Optic Networks
-
1988
- S & L Crisis
- Set-up of the Gnome Group
- Design / Build for double income households
- 2022
- 2021
- 2018 – 2020
- 2012
- 2004
- 2002
- 1999
- 1995
- 1988
-
- Launch of ESG (Arup & Measurable software)
- Ukraine war –Launch of initiatives to support Ukrainian refugee
- Focus on living, logistics, hospitality, grocery anchored retail
- Launch of Fund IV
- New partners coming
- Whitepaper on refugee crisis
-
- Actively manages portfolio vs. crisis management
- Refocus strategy from office to residential
- Managing our portfolio and markets in transition
- Changing the office landscape
- Debt restructuring
- Government incentives
- Liquidity
- 100m Papa Portfolio exit complete
- Postage exit
-
- Trigranit is acquired, JVs with EBRD & Goldman Sachs, exits from Fund I + II
- 3 established institutional funds
- Partnerships with Goldman, EBRD, Strat partners (Blackstone)
- Crisis GVC
-
- Backdrop and GFC (Global Financial Crisis)
- Revetas is established
- London and Luxembourg offices open
- Fund I first closes
- Restructures debt with international bank
-
- Enters CEE
- Institutionalizes real estate
- Mixed use
- Hospitality
- Partnership with Patron Capital
-
- European Office Strategy
- Sale lease back with KKR
- Sale lease back Ministry of Finance, Belgium
-
- Partners with Morgan Stanley formed Metronexus US & Europe
- Design / develop data centers
- Huston, Atlanta, New York, Stockholm, France, Italy
-
- Deregulation of telecommunications
- Outside plant engineer for MCI
- Design / Build data centers / Carrier hotels & Switch facilities
Fiber Optic Networks
-
- S & L Crisis
- Set-up of the Gnome Group
- Design / Build for double income households
Our Platform Capabilities
Fully vertically-integrated platform with all key capabilities for acquiring, developing and managing and creating value for investors.
Investment Management
Revetas Capital’s thematic investment strategy focuses on undervalued and distressed real estate investments in Central Europe.
Revetas’ leadership has been active through multiple cycles, with in-depth market knowledge, and has delivered superior risk-adjusted returns to investors.
The firm’s experienced and dedicated investment teams take a disciplined, analytical and highly selective investment approach based on clear and differentiated investment criteria per asset class. Through its fully vertically integrated structure, the Firm is able to apply a methodical, structured and hands-on approach to value creation, which has proven highly successful to date.
Project & Construction Management
CERES Management Services (CERES) is a specialized entity that provides customers with exceptional values based on its experience and expertise of high-class specialists working on demanding projects. We operate in difficult markets and in the face of high competition.
Despite these specific conditions, we work out the assumed values for property owners, and the spectrum of our activities is vast: from the coordination of building services to the refurbishment and redevelopment of commercial properties often located in the very centers of large cities. CERES combines the high competencies of specialists in management, construction, leasing, and finance.
Performing fit-out services, construction and renovation projects, or redevelopment of real estate and selected infrastructural elements CERES provides services for (a) real estate developers: master planning, project feasibility analysis, redevelopment and refurbishment advisory, budgeting, coordination of building planning & design and structural engineering design, coordination of interior space planning and design for premises; (b) tenants: fit-out execution management/monitoring (office and retail arrangements).
Property & Leasing Management
CERES Management Services (CERES) is a fully integrated, real estate advisory and management company with offices in Bulgaria, Poland and Romania. Since 2015, Ceres has been providing Property Management, Project Management, Leasing Management and complimentary services for a portfolio of retail and office properties in four countries in CEE & SEE, with a total area of over 320,000 sqm.
Ceres has a unique insight into the European real estate market thanks to its highly skilled, international professionals with an average of more than 20 years of experience in the industry and the support of local CEE experts.