APS Expands Its Operations into Western Europe: Acquires a Portfolio of 145 Properties in Spain Worth EUR 25 Million
Prague / Madrid, 11 February 2026 – European group APS, one of the leading players in the field of distressed debt and special situations investing, is expanding its operations into Western Europe. The company has completed its first acquisition in Spain, purchasing a portfolio of 145 properties with a total value of approximately EUR 25 million. The transaction marks an important step in APS’s long-term growth strategy in Western Europe.
The newly acquired portfolio includes residential and smaller commercial properties located across Spain. These are assets requiring legal and operational resolution as well as active management – a type of investment APS has specialized in for more than two decades. With its extensive experience in the restructuring and value recovery of similar portfolios, the group is well positioned to unlock and enhance their market value. The properties will be gradually marketed through selected Spanish real estate agencies.
“We have been monitoring opportunities in the Spanish market for the past two years – and now we’ve made our first concrete step,” says Martin Machoň, Founder and CEO of APS Holding. “The market is very active, with a volume of non-performing loans between 20 and 30 billion euros, and it offers a transparent and efficient legal environment.”
According to Petr Kohout, CEO of APS Investments, this transaction represents a strategic move within the company’s European investment development:
“We have selected projects that meet our investment criteria – quality properties with real potential for value growth. This step opens the door for APS to a long-term presence in the Spanish market.”
About APS Group
APS Holding S.A. is one of Europe’s leading investors in non-performing loans and distressed assets. Founded in Prague in 2004, APS has expanded over more than two decades to 16 countries, primarily across Central and Southeastern Europe. Today, the group manages portfolios with a nominal value exceeding EUR 12 billion, making it one of the top three companies in its sector in Central Europe.
APS has a long-standing track record of cooperation with some of the world’s most prominent institutional investors, including Apollo Global Management, Bank of America, Lone Star, Bain Capital, IFC, and EBRD. In the Czech Republic, APS offers fund investments through APS Credit Fund SICAV and its RHAPSODY sub-funds, designed for qualified investors.