APS Acquires €40 Million Loan Portfolio Backed by Athens Real Estate from a Cypriot Bank

APS is excited to share the successful completion of a landmark acquisition that represents a significant achievement for our company.

The transaction involved the acquisition of a single borrower group with non-performing exposures governed under Cypriot law. The nominal value of these loans exceeds EUR 40 million. This acquisition is secured by a pool of prime real estate collaterals, including mainly hotels and multi-storey serviced apartments, strategically located within the Athens city centre.

The transaction was acquired from Hellenic Bank Public Company Limited, with funding provided by RHAPSODY II, sub-fund APS CREDIT FUND. Since November 2023, APS Investments has been intensively involved in the project, handling underwriting and providing comprehensive advisory services to ensure a smooth and efficient acquisition process.

About APS Group

Celebrating 20 years in the market, APS Group has established itself as a trusted partner for the world’s leading financial institutions, investment funds, and private investors. With more than 400 employees across 13 countries, APS Group manages over 100 portfolios with a nominal value exceeding EUR 11 billion. As one of the leading alternative asset management companies in Central, Eastern, and Southeastern Europe, APS Group has extensive experience in complex investments across these regions.