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

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