Silverton partners with international construction group on distressed asset solutions
Frankfurt, 16. Oktober 2023 – Frankfurt, 16 October 2023 – The Silverton Group (Silverton), specialising in investment and asset management of commercial property, real estate finance and loans secured on real estate, is to collaborate with an international construction group and real estate service provider. An agreement between the two parties has been signed.
Silverton’s responsibilities for the group will include identifying assets and non-performing loans, together with taking over the letting management of the ‘broken developments’ and ‘distressed assets’ acquired. The objective is to take advantage of opportunities to acquire, recapitalise and complete the construction of distressed real estate projects presented by the current market environment.
The main focus is on residential property developments, with project volumes of around EUR 25 million, throughout Germany. Following acquisition, the developments will be completed and marketed by the group’s in-house teams. Silverton will provide support in sourcing and acquiring appropriate development projects and properties ensuing from non-performing loans (NPLs) secured on real estate.
Detailed examination of the initial projects is already under way.