The so-called “underlying” of the NPLs was in fact made up of properties with a prevalent industrial and tertiary use, originating from the well-known credit and corporate crises that occurred over 10 years ago.

During the checks it emerged that they were not just recently built properties as the presence of a leasing or financing could have induced, but rather buildings built many years ago and with a previous use of a productive industrial type other than current.

Based on the level of detail requested by the client, Bilma carried out the conformity checks on a desk top basis or through an inspection; where necessary, a range of adjustment costs complete with a protocol of the activities to be carried out has been estimated. Finally, where the information framework was found to be very lacking, it was preferred to suggest a precise path for in-depth investigation.