Strategic relationship with JRJ Group
01 January 2014
Revetas Capital Advisors LLP ('Revetas'), a specialist real estate investment advisor focused on over-leveraged, distressed and under-performing opportunities in Central and Eastern Europe, announces today a strategic new partnership with the private equity investor, JRJ Group ('JRJ').
JRJ's involvement with Revetas combines both financial investment in the firm and infrastructure and administrative support, including investor relations, fundraising, compliance, and other back-office functions. It is intended to help accelerate the growth of Revetas, which was founded in late 2011 by its Managing Director, Eric Assimakopoulos.
Commenting on today's announcement Mr. Assimakopoulos, Managing Partner, said: "This is a very significant steps for Revetas. We have attracted a blue-chip new strategic partner which validates our decision to launch a specialist firm capable of taking advantage of the substantial pool of over-leveraged and underperforming real estate assets in the CEE region. For many institutions who control such properties, Revetas' expertise represents an increasingly attractive solution to the structural problems in the region's real estate market left over from the financial crisis."
Revetas is based in London and is regulated by the UK Financial Conduct Authority (FCA). Revetas has offices in UK (London), Slovakia (Bratislava), Romania (Bucharest), Austria (Vienna) and Poland (Krakow).
Revetas is targeting leading banks, investors and real estate owners in the CEE region to source opportunities to recapitalize, restructure, and de-lever distressed real estate assets. Revetas comprises a highly-experienced management team which has been active in the region for over a decade. Revetas will focus on opportunities in need of active asset management and additional capital for building and tenant improvements.
