Asset description

Property company specialising in developing, owning and managing commercial properties

Manages over 350,000 sqm of commercial, industrial and office space with a value of ISK 11 billion (EUR 65m)

Assets located in several countries across Europe

Icora's role

Gathered and analysed information on various markets (geographies, asset class and macro factors) and issued a detailed report on asset values and future prospects

Projected cash flow from assets and ability to service debt

Facilitated dialogue and negotiations between stakeholders that included a bank, bond holders, winding-up committee of a failed bank, and shareholders

Developed restructuring solution that satisfied the requirements of all stakeholders

Restructuring solution enabled the company to refinance its debt and enabled management to focus on the company’s future growth and prosperity

Sector:
Real Estate
Location:
Iceland

Prior projects under the name Icora Partners from 2010 to 2017