New debt platform launches in Germany

A team of four property professionals is launching Arcida Advisors, a new fully integrated investment and asset management platform focusing on non-performing (NPLs) and sub-performing loans (SPLs) in the real estate sector.

The company will enable German and international professional capital partners to invest throughout the entire German-speaking region within the sector with clearly defined ESG credentials and operating criteria.

The senior management team at Arcida comprises Oliver Platt and Andre Barth, both partners at Kucera, as well as Michel Anter and Renaud Linclau, both partners at Headstream Group. Together, they bring more than 65 years of experience in the German and European market for distressed and non-performing real estate debt, as well as a combined track record of more than €14 bn in NPL and SPL transactions and real estate transactions of more than €10 bn.

Arcida Advisors anticipates a growing market for NPLs and SPLs owing to increasing Bank regulation, new stringent accounting standards, the Covid-19 pandemic, looming stagflation (inflation with economic stagnation) and the emergence of sustainable investing standards.

'We enable professional investors to participate in this growth market,' said managing partner Oliver Platt. 'International investors, in particular, have not yet fully recognised the market potential in Germany, Austria and Switzerland. At the same time, we act as a partner to banks and other financial service providers as they seek to wind down their NPL and SPL portfolios. Our team has the necessary real estate, capital markets and restructuring know-how to maintain and grow real estate asset values even in challenging situations.'

Arcida Advisors will follow a stakeholder-centric management approach that brings together the interests of investors, banks, debtors and other interested parties. 'Our goal is to create win-win situations,' explained Michel Anter, managing partner. 'Our experience has taught us that value creation has the best chance of succeeding when all parties involved in a transaction work towards a common goal. In the past, market practice was often quite different, especially under the strain of the financial crisis. For us, however, this approach along with a commitment to ESG principles are core elements of our investment approach, right from the start.'


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