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EXCLUSIVE: Revetas makes senior retail hire

The central Europe specialist has hired former Immofinanz executive Wolfgang Idl to head the firm’s retail platform.

Revetas Capital, the specialist central European economies real estate investor, has appointed Wolfgang Idl, as director of retail.

Idl joins Revetas from Vienna-headquartered property investment and development company Immofinanz Group.

At Immofinanz Idl was responsible for a portfolio of around 170 retail properties across nine countries with 11 million square feet of leasable area and a value of €3 billion.

In addition, Idl restructured the firm’s retail department, set up a property and centre management group, and an in-house leasing team at Immofinanz. Before moving to Immofinanz, Idl, worked at Jones Lang LaSalle and Gerngross Kaufhaus.

Revetas was established in 2009 by Eric Assimakopoulos and is backed by several high caliber investors including Jeremy Isaacs, the former Lehman Brothers' chief executive officer for Europe and the Middle East.

Assimakopoulos, a New Yorker, built the Gnome Group in the US from a small design and build business into a data centre developer across the US and Europe during the mid-1990s. In 1999, he partnered with Morgan Stanley Real Estate Funds to create Metronexus, a technology driven real estate fund where he was chairman and chief executive officer.

In 2002, he launched Bifrost Investment Group, the predecessor to Revetas Capital, into a leading CEE investment and asset manager. It has offices in London, Guernsey, Vienna, Bratislava, Bucharest and Krakow.

Revetas now manages over 3.5 million square feet in 7 countries within the CEE.