Expanding Revetas Capital opens in Austria
Real estate specialist Revetas Capital Advisors is to open an office in Vienna to help expand its business in central and eastern Europe.
The Guernsey-based firm already has offices in Budapest, Bratislava and London.
Revetas recently announced a strategic relationship with Patron Capital, another real estate asset management firm, which will enable it to invest up to €100m in distressed real estate within the CEE region.
The Vienna office will be led by Kiril Klaturov, a lawyer who was previously with the Banking Finance and Capital Markets Group of law firm Schoenherr, and prior to that at Freshfield Bruckhaus Deringer.
He has a law degree from Georgetown University, USA and has been admitted to the Austrian Bar and the New York State Bar. Klaturov will be responsible for overseeing legal aspects of new fund and transaction documentation as well as liaising with external legal advisors.
Revetas also announced that Ian Jones, who in February became the group’s Chief Financial Officer, becomes a Partner and Advisory Board member with immediate effect.
Revetas is currently raising a €250m Fund to invest in CEE distressed real estate assets and Jones will be working closely with external advisors in structuring and documenting the fund.
Prior to joining, Jones was head of real estate at Langham Hall UK LLP, which provides outsourced services to real estate funds, principally European funds. He has held several finance director roles, including at Topland Group, Antler Property Group and GHP Group.
Under managing director Eric Assimakopoulos, Revetas has built a business which combines both strong asset management and access to capital. The firm aims to support leading banks, investors, and property owners in the CEE to recapitalise, restructure, and de-lever distressed real estate assets.
The firm expects to open more offices in the region shortly.