Italy REOCO services

REOCO: Helping clients to enhance the value of their assets

Since 2018, BCMGlobal has supported clients in Italy to implement their entire REOCO (Real Estate Owned Company) strategies to enhance and realise the value of their assets.

Our team in Italy provides end-to-end services across the full loan lifecycle.

Our dedicated REOCO team supports clients throughout the entire process:

• Real estate business planning
• Management of the legal process behind the real estate credit bid
• Repossession of the asset
• Asset management activities including large-scale development and value-add projects
• Unit-by-uni sale coordination

REOCO experts

BCMGlobal is one of the few special servicers in Italy that has developed an in-house real estate team entirely dedicated to the management of real estate assets securing NPL and UTP loans, with a strong track-record in real estate development projects repossessed through REOCOs.

Live projects

We are currently managing over 50 REOCO projects spread over the entire Italian territory. 

Download our latest real estate auction snapshot here.

Novadria

 

 

Location: Pescara (PE) – Abruzzo
Total surface: 9,700 sqm
Asset type: residential
Project description: refurbishment and completion works (WIP 90%) of a residential complex composed by 69 apartments, 64 garages, 19 cellers and 12 parking spaces.
Broker: BNP Paribas
Website: www.novadria.it
Status: All units sold

MiMeda

Location: Meda (MI) - Lombardy
Total surface: 5,000 sqm
Asset type: residential
Project description: refurbishment and completion works of a residential complex comprising 4 buildings for a total of 54 apartments, 74 garages and 18 parking spaces
Broker: BNP Paribas
Website: www.mimeda.it
Status: All units sold

 

 

Ca’ Sotena

 

 

Location: San Giorgio Su Legnano (MI) - Lombardy
Total surface: 2,000 sqm
Asset type: residential
Project description: refurbishment and completion works (WIP 70%) of a residential building with 18 apartments, 21 garages, 18 cellars and 14 parking lots
Broker: Carver RE
Website: www.casotena.com
Status: 95% sold

Ikonahouse

Location: Ancona (AN) – Marche
Total surface: 4,300 sqm
Asset type: residential, office, retail
Project description: refurbishment and completion works (WIP 70%) of a mixed use complex composed by 3 buildings for a total of 37 apartments, 5 offices, 3 retail units and 49 garages, cellars and parking spaces.
Broker: BNP Paribas
Website: www.ikonahouse.it
Status: construction works ongoing, sales started (20 binding under offer)

 

 

Torre Levante

 

 

Location: Porto Recanati (AN) – Marche
Total surface: 2,150 sqm
Asset type: residential
Project description: refurbishment and completion works (WIP 30%) of a works (WIP 30%) of a residential building composed by 20 apartments and 20 garages.Capex: €2.0m works started in Oct. 2021 (end Jun. 2022)
Broker: BNP Paribas
Website: torrelevante.it
Status: construction works ongoing

Cassia 1042

Location: Rome (RM) - Lazio
Total surface: 1,415 sqm
Asset type: residential
Project description: refurbishment and completion works (WIP 90%) of a residential complex composed by 2 buildings for a total of 11 apartments, 19 garages and 2 parking spaces.
Broker: BNP Paribas
Website: www.cassia1042.it
Status: 100% sold in 15 months

 

 

Residenze Conero 

 

 

Location: Marcelli di Numana (AN) – Marche
Total surface: 2,240 sqm
Asset type: residential
Asset description: Portion of residential complex with touristic use consisting of 26 residential units and 1 commercial unit
Broker: BNP Paribas + local broker
Website: www.residenzeconero.it
Status: 100% sold in 24 months

Colle Tevere

Location: Acilia (RM) - Lazio
Total surface: 18,000 sqm
Asset type: residential
Project description: refurbishment and completion works of a residential complex composed by 12 buildings for a total of 116 apartments, 116 garages and 108 cellars (phase 1). Development of additional 12 further buildings for a total of 98 apartments and 98 garages (phase 2)
Broker: BNP Paribas
Website: colletevere.it
Status: Construction ongoing (13 binding under offer)

 

 

How do we help?

BCMGlobal currently manages a diversified portfolio of assets and development projects covering different uses, including:

• Residential
• Hospitality
• Industrial
• Retail
• Office
• Land

We collaborate with leading operators in the real estate services sector, including:

• Architects
• Construction companies
• Project managers
• Marketing companies
• Brokers

We ensure the best possible result and maximise real estate recovery in the service of credits or as stand-alone real estate ‘hard-asset’ projects.

Our full suite of asset management services

Due dilligence

• Run preliminary real estate analysis
• In house preparation of a detailed real estate business plan
• Selection and coordination of technical and legal due diligence partners
• Preparation and delivery of the bid package

Purchase

• Negotiate best-price and terms with sellers (if a consensual sale)
• Full coordination of the acquisition process
• Oversee execution and manage the onboarding

Asset management

• Engage, select, coordinate and monitor all third-party providers and sub-contractors
• Implement the approved strategy
• Draft asset management reporting
• Rectify and address non-performance of suppliers
• Drive cost-savings and run pro-active tender processes

Sales and lettings

• Select partner brokers, together with in-house origination
• Monitor and continually direct the marketing plan
• Oversee the disposal/ letting process (bids negotiations, documents collections, etc.)
• Management of internal approval process in accordance with client decision-making board

Contact us today to find out more about our REOCO services.