Share this event on:
  • LinkedIn

Recomend this page

Thank you, we sent your recommendation to the desired recipient.

Sorry, this functionality is not available right now.
Please try with this link. Thank you.

UniCredit Leasing announces agreement on services to accelerate the sale of foreclosed real estate assets in Italy


The transaction was initiated in April 2017 as part of the Group's Transform 2019 plan and will serve to reduce its non-performing exposures (NPEs).

 

UniCredit today announced the conclusion of an agreement involving Sistemia S.p.A., Yard S.p.A., IT Auction S.r.l. and its own subsidiary UniCredit Subito Casa, for the marketing and liquidation of its portfolio of foreclosed real estate generated by leasing contracts that resulted in repossession by UniCredit Leasing in Italy.

 

The four parties to the agreement were carefully selected from among the best B2B firms in the field of real estate, evaluated on the basis of their ability to bring the assets to market quickly and monetize them effectively.

 

The portfolio is composed of multiple asset types, including industrial, office, tourism and residential properties, valued at roughly 1.5 billion euros.

 

The marketing, monetization and sale of repossessed real property represents an important pillar of UniCredit Leasing's strategy of disposing of non-core assets with the object of reducing the stock of NPEs derived from leasing finance operations.

 

 

Milan, May 25, 2017

 


Enquiries

 

Investor Relations

Tel +39 02 88621872

e mail: investorrelations@unicredit.eu

 

Media Relations

Tel +39 02 88623569

e mail: mediarelations@unicredit.eu