Amplion Asset Management, the Catella-backed boutique Nordic real estate investment and asset management company, announced a cooperation with loan servicer Mount Street concerning management of an investment platform consisting of a portfolio of 18 retail assets located across Southern Finland.
The portfolio has lettable area of approx. 87.000 m² and comprises mostly retail assets. Amplion will be responsible for management of the investment platform holding the assets, as well as strategic asset management of the portfolio with particular focus on improving the cash-flow and divesting the assets in the local market.
This arrangement is a perfect example of a creative structure which Amplion is capable of providing for banks and loan servicers with challenging loan portfolios at hand. We’re very excited about this opportunity and inspired about the confidence in us shown by such a knowledgeable loan management service provider, comments Jussi Thusberg, Director at Amplion Asset Management.
Since assuming the Special Servicing mandate for the Cobalt Loan in October 2013, Mount Street has focused on achieving a timely and innovative resolution strategy, which will achieve optimum value for the creditors of Titan Europe 2007-2 Limited. Following a thorough analysis of the Finnish CRE market and detailed meetings with a number of local asset managers, Amplion was the preferred choice to carry out our property specific requirements. We look forward to working closely with the highly experienced Amplion team and implementing the agreed business plan, comments Mark Andrews, Director at Mount Street.