Amplion Asset Management, a boutique Nordic investment and asset management company, has been appointed by Hatfield Philips International to manage a 20-asset retail portfolio in Finland.
Amplion Asset Management, a boutique Nordic investment and asset management company, has been appointed by Hatfield Philips International to manage a 20-asset retail portfolio in Finland.
Amplion, part of Catella Group, said the portfolio offers a net operating income of €5 mln from over 150 tenants.
Amplion will be responsible for overall strategic asset management of the portfolio with a particular focus on improving the cashflow and average lease duration.
'This cooperation demonstrates that banks and loan servicers with challenging and remote portfolios at hand benefit from a local, one-stop shop with hands on asset management experience,' said Timo Nurminen, CEO of Amplion Asset Management.
'After conducting a thorough selection process, we chose Amplion based on the firm’s demonstrated track record managing similar assets and its broad network in the Finnish market,' added Matthias Schlueter, managing director and chief operating officer of Hatfield Philips.
