Silverton Group (Silverton), a specialist in the investment, asset and debt management of commercial real estate, project developments and property-backed loans, significantly scaled its operational restructuring and asset management business in 2025. The volume of project developments managed by Silverton rose from around EUR 1 billion within a year to a total of EUR 1.5 billion at the end of 2025.
Focus on integrated restructuring with operational responsibility
In the year under review, Silverton consistently expanded its mandate structure in the area of restructuring and project development. These include several mandates from institutional investors and credit institutions with a financing volume of around EUR 400 million. The focus was on the restructuring of existing loans, the analysis of the financed projects and the support of project developments with corresponding economic prospects.
Several asset management mandates were also taken over from insolvency situations, including the repositioning of a former corporate headquarters and the stabilisation and sale of a residential portfolio with over 500 units.
Another central mandate includes the restructuring and sale of the entire real estate portfolio of an insolvent automotive supplier in southern Germany. This includes production areas, warehouses and building plots with around 45,000 m² of land and around 18,500 m² of usable space.
“The 2025 financial year has clearly shown that classic restructuring models are no longer sufficient in many cases. Integrated solutions that combine financing, asset management and operational implementation are in demand. This is exactly where we position ourselves as a partner who not only analyzes projects, but also takes them structurally and actively continues them,” says Stefan Dölker, Managing Partner of Silverton.
“The increase in mandates from insolvency situations, NPL transactions and project takeovers illustrates how much the market has changed structurally. Our approach of consistently combining restructuring with operational responsibility creates transparency, the ability to act and better realisation results for creditors,” adds Jascha Hofferbert, Managing Partner of Silverton.
Strengthening the position in the NPL market
At the same time, Silverton continued to expand its exposure to the market for non-performing loans secured by real estate. In 2025, NPL portfolios with a nominal loan volume of around EUR 130 million were taken over by management, thus making a significant contribution to the increase in asset under management.
Platform expansion for the purchase of commercial assets and financing
In addition to the operational mandate business, Silverton expanded its structural platforms. These include the development of a nationwide acquisition strategy for mixed-use, commercial and industrial assets.
In addition, Silverton acted as an advisory and sourcing partner for a foreign bank in the provision of senior and whole loan financing.
Outlook for 2026
For 2026, Silverton expects the situation in the financing environment to remain tense, especially for project developments in distress. Accordingly, the company expects a further increase in the need for integrated restructuring solutions, especially in the area of operational takeover and completion of projects for creditors within the framework of shareholding-as-a-service structures.
In addition, Silverton continues to pursue its debt strategy and expects demand for alternative financing, particularly in the whole loan segment, to remain high due to the reluctance of traditional banks. Thanks to its comprehensive restructuring expertise, the company believes it is ideally positioned to identify the right projects when granting new loans, especially from a risk perspective.
For this reason, Silverton will continue to expand its debt strategy in 2026 and plans to take on further mandates in the area of lending for institutional investors in the form of separate managed accounts (SMAs) and debt funds. In the NPL market, Silverton is currently reviewing transactions with volumes of around EUR 50 million and expects a significant increase in sales activity overall in 2026.
