50 semi-detached maisonnettes and 54 apartments located on the outskirts of a major town in the province of the Emilia
State of completion at the time of purchase: 60%
Worksite halted since 2011 (the company declared bankruptcy in 2013)
Capex required to complete construction: > 10 million

NewCo created, which purchased the asset and is now completing the building.

Drawing up the Business Plan.
Establishing the SPV and purchase of the property from the bankrupt company.
Management of relations with the project investor as part of the Business Plan execution.
Management of relations with the municipality and Public Administration as regards urban planning, building permits etc. (expired permits requiring negotiations of extensions).
Worksite management, worksite management and sign off.
Cash management activities.
Sales of the asset: through our intervention it was possible to repay all the debt related to the new finance provided to develop the project even anticipating the timing of the Business Plan. The total revenues of the initiative exceed 30 Million.

74 apartments on the peninsula of Sottomarina in the Veneto region, northeast Italy
State of completion at purchase: 80%
Worksite halted since 2015
Capex requirement: > 5 million

Advisory service provision

Managing relations with the project investor in the execution of the Business Plan.
Negotiations with existing non-financial creditors.
Management of relations with the municipality and Public Administration as regards urban planning, building permits etc.
Worksite management, worksite management and sign off.
Cash management activities.
Management of relations with the company’s administration and accounts functions.
Managing agency network during asset sale.

Building located in the outskirts of a major town in the Lazio region in central Italy consisting of 96 apartments and 3 shops
Capex required to complete construction: > 3,5ME

NewCo created, which purchased the asset in order to renovate the building and put it on the market.

Drawing up the Business Plan.
Vehicle incorporation and bankruptcy purchase, management of relations with Public Administration (Municipality, Prefecture and Region) for the clearing of the building because the apartments are illegally squattered.
Evaluation recovery strategy to continue to make it usable by the locals.

Lots and areas to be developed in the Olbia Municipality area

Establishment of the vehicle and purchase of part of the shares of a company that owns the areas.

Drawing up the Business Plan.
Development project involving a shopping center and RSA or senior living.
Sourcing sales channels and setting strategy for disposal.

Sky-ground building in the center of Rome of No. 6 above-ground floors and No. 2 basement floors for a total of sq. m. 1,920 including two commercial activities

Purchase of a part of the building from an SPV that had purchased the receivable from a leading banking institution, and for the remaining part the acquisition of the asset was through the assignment of a receivable from an Art.106 financial intermediary that had previously purchased from banking institution.

Drawing up the Business Plan.
Partial exit through sale of one of the two businesses.

Historic building in the center of Rovereto
Photovoltaic plant located in the industrial area of the City of Venice

Acquisition of two NPL loans from leading credit institution carried out through the creation of a new sub-fund in an existing securitization vehicle.

Drawing up the Business Plan.
Drafting of exit strategy plan with different enhancement possibilities.
Counterclaim to CTU through our CTP.