Indotek Group Expands Its Footprint with Major Spanish NPL Acquisition

Indotek Group Acquires Major Spanish NPL Property Portfolio

Indotek Group, a prominent European real estate investment and asset management firm based in Budapest, has recently made a substantial acquisition in the Spanish market. On September 18, 2025, the company announced the purchase of a diversified portfolio consisting of 524 residential and commercial properties throughout Spain. This strategic move not only strengthens Indotek's presence in the Iberian Peninsula but also aligns with its long-term European investment strategy, which focuses on revitalizing underperforming assets and diversifying cash flows across various market sectors.

Details of the Acquisition

The newly acquired portfolio, estimated to hold a current market value of approximately EUR 43.5 million, showcases Indotek's ability to navigate complex transactions involving Non-Performing Loans (NPLs) and real estate assets. Notably, over 90% of the portfolio comprises residential properties, featuring 307 apartments, 89 houses, and several ancillary units such as parking spaces and commercial properties.

Geographically, the portfolio is well diversified across the regions of Spain: approximately 40% of the properties are located in Catalonia, 18% in the Community of Madrid, 15% in the Community of Valencia, and 11% in Andalusia. This strategic distribution enables Indotek to leverage growth opportunities in key urban centers while enhancing their asset management capabilities.

Strategic Expansion into Spain

This acquisition marks a vital step for Indotek Group in its plan to expand its footprint in Western Europe. Florian Nowotny, the Chief Financial Officer of Indotek Group, emphasized that this move complements their existing holdings in Spain and enhances their overall portfolio. The expansion into the residential market, along with their previous investments in hotels and shopping centers, reflects a comprehensive approach to real estate investment in the region.

Daniel Jellinek, the CEO of Indotek, highlighted the acquisition as a key milestone, showcasing the company’s successful track record in executing intricate transactions with international partners. He noted, “This complements our existing portfolio in Spain and presents an opportunity to apply our value creation approach to underperforming portfolios.”

Fostering Collaborations for Future Growth

In order to ensure the successful integration and management of the newly acquired properties, Indotek is working in collaboration with Redwood, a local partner recently acquired by BCM Global. This partnership is aimed at evaluating and pricing the portfolio effectively while also identifying further NPL and distressed asset opportunities within Spain.

Additionally, Indotek Group is actively exploring potential deals across Portugal, Italy, and selected Central European markets, aiming to capitalize on its established asset management and servicing capabilities. Anna Vavrinecz, Director of NPL Investments at Indotek Group, noted the significance of this transaction, stating, “This deal marks a milestone in our international NPL strategy. After 18 months of preparation, it puts us on the Spanish NPL map with a transaction of significant scale and complexity.”

Indotek's Robust Presence in Spain

With this recent acquisition, Indotek continues to establish itself as a formidable player in the Spanish real estate sector, boasting a portfolio originally valued at over EUR 230 million. This includes diverse holdings in hospitality, retail, and now residential and mixed-use assets. The company's existing properties range from substantial retail spaces like the Espacio León shopping center to hospitality ventures including seven beachside hotels with over 1,680 rooms.

This acquisition is not just an expansion of physical assets; it encapsulates Indotek Group’s vision of rejuvenating underperforming properties and adhering to a sustainable growth model that facilitates long-term value creation across its pan-European operations.

Legal guidance for the transaction was provided by DLA Piper, while KPMG Madrid offered financial insights. Alantra took the role of the sell-side advisor, with legal support from Dentons London and Cuatrecasas Madrid, ensuring a thorough and effective advisory process from start to finish.

In conclusion, Indotek Group's acquisition signifies not just growth in terms of numbers but amplifies its commitment to enhancing the European real estate landscape through thoughtful investments that align with modern market demands.