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-unit 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, UTP and Leasing 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.

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 cellars and 12 parking spaces.
Broker: BNP Paribas
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
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
Status: 95% sold

Colle Tevere

Location: Roma (LAZ) – Lazio
Total surface: 23,000 sqm
Asset type: residential
Project description: refurbishment and completion works of a residential complex composed by 12 buildings (total 110 apts + ancillaries) and development of 9 new buildings (total 72 apartments + ancillaries).
Broker: Colliers & Progedil
Website: acilia.progedil.it
Status: Launched June 2022. 30 units under binding offer/sold (22%)

Tor Bella Monaca

Location: Roma (LAZ) – Lazio
Total surface: 2,300 (Bld.A) + 4,800 (Bld.B) sqm
Asset type: residential
Project description: Building A: refurbishment works of 42 apartments and 3 retails. Building B: completion works of two buildings a residential complex composed by 45 apartments, 47 parking spaces and 3 retail units [total 97 units].
Broker: Colliers & Progedil
Website: torbellamonaca.progedil.it
Status: Launched July 2023. 8 units under binding offer (20% on Bld.A, 1% on total envisaged sales)

Vela Blu

Location: Latina (LAZ) – Lazio
Total surface: 2,305 sqm
Asset type: residential
Project description: refurbishment and completion works (WIP 90%) of a residential complex composed by the remaining 9 apartments plus garages [total 18 units]
Broker: Colliers & Progedil
Website: velablulatina.it
Status: Launched September 2023.

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