ARC REAL ESTATE S.p.A. scores a new last-minute investment deal for this 2023 drawing to a close, and recently acquired from a Lombard Bank an NpL Portfolio worth 1.156,000 euros.
In the home stretch of an already particularly positive year, as punctuated for ARC by a considerable increase in investment activities attributable to the distressed credit market, the signing of the sale in the name "PLUTONE," significantly connotes the trend that the Company demonstrates of assuming a leading role as a player in the Italian reference market and notes its consolidated ability to define successful partnerships with "Less significant" Banks.
He is echoed by the Business Development Manager, Mr. Marco Minora who originated the transaction and adds, "I admit that I did not imagine there was such a dynamic banking market in NPLs, having gained a deep knowledge of the "performing" market, especially referring to real estate valuations. I believe that next 2024 there will be interesting opportunities to be seized, as there are already several expressions of interest regarding potential disposals."
