09 March 2021
BCMGlobal in Milan has been appointed by New York-based real estate investment firm Time Equities Inc. to manage its Italian real estate credit investment portfolio; Project Sole.
Appointed in December 2020, BCMGlobal will support Time Equities Inc. through the provision of market-leading asset and credit management services. As Special Servicer, BCMGlobal responsibilities will include the provision of in-country borrower management, devising strategies for loans which will look to improve Time Equities Inc. investment return. We will also provide a high level of administration services, including reporting and analysis which will deliver on regulatory aspects of the market.
Time Equities Inc. is a real estate investment, development, and asset & property management firm head quartered in New York. It has more than 50 years’ experience and holds a highly diverse portfolio of circa 34.7 million square feet of real estate across the US, Canada and Europe. Time Equities Inc. has a very strong social conscience, which aligns with Link’s values.
BCMGlobal, part of Link Group (ASX), is a leading financial services provider in Ireland and Europe. BCMGlobal supports a range of clients, including banks, established financial institutions, private equity firms and non-bank lenders. Our clients value our expertise and trust us to help them establish and grow their operations locally and internationally through the provision of scalable teams and a technology-led loan management platform.
Aaron Medeiros, Director of Acquisitions and Policy, Time Equities Inc. said:
“We are incredibly excited to begin our strategic partnership with BCMGlobal and their local team in Italy. We believe that the appointment of BCMGlobal will allow us to continue to expand our credit investments in Italy and throughout Western Europe. Having recently completed our first investment in the United Kingdom we were particularly attracted to BCMGlobal's ability to execute in a variety of countries.”
Antoinette Dunne, Managing Director of BCMGlobal, said:
“Our Italy-based asset management team is hugely excited to work with Time Equities Inc. on its Project Sole portfolio. This appointment represents the commencement of a new and positive relationship with a highly experienced, respected, and forward looking real estate firm, as well as the expansion of our footprint in Italy. As part of a global financial organisation, BCMGlobal offers its services to companies in jurisdictions across the world, providing market-leading insight combined with a hands-on ‘on the ground’ approach. This partnership aligns with our global growth strategy, and we warmly welcome Time Equities on board.”