On 1 July 2014, six months after the opening of Vivacon's insolvency proceedings, Immofori was appointed as the new managing agent of the GGLF. Starting from the Interest Payment Date ("IPD") in October 2014, servicing and reporting for the transaction is provided by Immofori.
The on-boarding process of the GGLF portfolio was challenging and time consuming due to very limited data available in electronic form and a number of agreements and extracts from the land register for heritable building rights missing.