(Finance) – Héra Partecipazioni One – company specialized in the valorisation of real estate assets as collateral for non-performing mortgage loans (UtP/NPL) – has completed the acquisition of two NPL loans from Bank SparkasseCassa di Risparmio di Bolzano. THE credits they are classified as single names and are backed by double mortgage guarantees. There Before warranty is a photovoltaic system located in Porto Marghera (Mestre), while the second refers to the trophy asset “Lenner Palace”, historic sky-earth building in the municipality of Rovereto.
The purchase was made through the creation of a new sub-fund in a securitization vehicle already existing, through which Héra had already made previous acquisitions.
The creation of the new sector will allow Héra to carry out new acquisitions in 2025, as foreseen in its development plan.
“We are thrilled to announce the conclusion of the acquisition of these two important NPL loans from Banca Sparkasse, which represent a further step forward in our growth and consolidation strategy in the non-performing exposures market”, commented Paul ZagoGeneral Manager of Héra Partecipazioni One. “This operation demonstrates our ability to identify and enhance complex assets with a high recovery potential. The creation of a new segment in the securitization vehicle will allow us to continue with new strategic acquisitions scheduled for 2025. Our commitment to the credit sector deteriorated is further strengthened, confirming our long-term vision and determination to generate value for all our stakeholders, with an approach that aims at sustainability and the revitalization of the territory”, added Zago.