Trinova secures distressed credit mandate to deploy up to €200m, targeting European real estate

Trinova has secured a distressed credit mandate for up to €200 million to restructure and work out non‑performing real estate loans across Europe, with a focus on the UK, Germany and the Nordics. This new mandate expands Trinova’s capacity to deploy capital in special situations where lenders are seeking to de‑risk or exit positions backed by fundamentally strong assets with misaligned capital structures.

The strategy builds on Trinova’s track record in European real estate credit, including several credit mandates executed over the past 24 months – most notably the acquisition of loans secured against a landmark office in the City of London and advising on German loan restructuring situations, totalling c. €500 million. The new institutional mandate will target opportunities where Trinova can support experienced sponsors in navigating challenging market conditions, or capture upside from repositioning the underlying assets.

James Kim, Client Lead and Investments at Trinova, commented: “Across Europe we are seeing an expanding pipeline of compelling credit opportunities, particularly where banks and alternative lenders are under pressure to resolve distressed or non‑performing loans. In cases where we have strong conviction in the underlying asset and sector, this mandate enables us to adopt a flexible approach to stabilise and turn around assets.”

This mandate is in addition to Trinova’s existing structured equity and credit activity, targeting opportunities backed by well‑located offices, residential, hotels, logistics and mixed‑use assets across Europe. Where Trinova is able to leverage its in‑house restructuring and asset management capabilities to drive value in complex situations.