HipoGes strengthened its presence on the greek market by acquiring Alsvit. The expansion into Greece started two years ago. During this period, HipoGes has incorporated professionals in key positions to manage its Greek subsidiary; currently it collaborates with one of the country’s leading financial entities on a debt recovery project; it’s involved in several processes of NPL portfolios; and has now concluded a majority shareholding agreement with Alsvit.
Alsvit is a REO Management Services company with over 12 years of experience in the Greek market, working with the country’s leading financial institutions and investors, providing a wide range of REO services, from asset valuation and pre-acquisition support, to sale preparation and execution. Alsvit is also active in construction, and has built and refurbished commercial and residential buildings, including a large number of branches for Greek banks.
With two main offices in Athens and Thessaloniki, and operating throughout Greece, Alsvit has an effective internal team comprising lawyers and engineers with experience in solving complex issues and urban and legal planning of REOs and managing the partners with whom they collaborate.
With this partnership, HipoGes guarantees professional and quality REO services in the Greek market and, at the same time, it incorporates knowledge and expertise in a new market where great development is expected.