Amplion links up with Mount Street to manage Finnish assets

Amplion Asset Management, the Catella-backed boutique Nordic real estate investment and asset management company, is joining forces with loan servicer Mount Street to manage a real estate portfolio in Southern Finland.

The portfolio, consisting of 18 retail assets, provides 87,000 m2 of space and is valued at around €50 mln.

The partnership with Amplion follows Mount Street's appointment as special servicer for the Cobalt loan in October 2013. The loan is part of the Titan Europe 2007-2 commercial mortgage-backed security.

As part of the agreement, Amplion will be responsible for managing the investment platform holding the assets, as well as for asset management of the portfolio with a focus on improving the cash-flow and divesting the assets in the local market.

'This arrangement is a perfect example of a creative structure which Amplion is capable of providing for
banks and loan servicers with challenging loan portfolios at hand,' commented Jussi Thusberg, director at Amplion Asset Management.