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doValue and Arec sign an exclusive agreement to manage Real Estate Assets

26 September 2019

DOVALUE AND AREC SIGN AN EXCLUSIVE AGREEMENT TO MANAGE REAL ESTATE ASSETS
 
Project Mosaico offers a new multi-originator platform focused on UTP loan portfolios 
 
Rome, 26 September 2019 - doValue S.p.A. (“doValue” or “the Company”) announces that it has reached an agreement for the management of real estate UTPs with AREC - Aurora Recovery Capital S.p.A ..
The project, called Mosaico, offers credit institutions a multi-originator platform to manage portfolios of UTP loans secured by real estate.
 
The agreement is founded on the consolidated and complementary capabilities of doValue and AREC in the management of all categories of real estate assets, thanks in part to the track record of success gained by both partners on similar projects in the field of credit recovery, restructuring and real estate project management.
 
This partnership marks the creation of a revolutionary model for managing real estate assets, one whose objective is to enable the participating banks to recover more on their loan positions than they would through asset sales. In particular, the creation of value will leverage the significant capacity to provide new financing to borrowers provided by specialized funds ‑ without impacting the financial statements of the participating banks ‑ as well as facilitating dialogue with debtors, thanks to a concentration of the share of wallet with a single manager.