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BANCOMER SELECTS BPT PROPERTIES FOR REAL ESTATE ADVISORY SERVICES

 MEXICO CITY, July 13 /PRNewswire/ -- Bancomer, S.A., one of Mexico's largest full-service financial institutions, announced today it has signed an agreement with BPT Properties, a Washington-based international real estate development, construction and advisory firm, to serve as overall real estate advisor for expansion of the bank's facilities throughout Mexico. BPT is a joint venture of San Francisco- based Bechtel Investments Realty, Inc. and the Park Tower Group of New York.
 The long-range program calls for BPT to assist the bank in analyzing a variety of new development and renovation plans needed to meet the institution's expected growth needs over the next several years. Initially, BPT will advise Bancomer in the potential expansion of branch banking facilities in Mexico, construction of regional headquarters office locations, the renovation of Bancomer's existing 1.4 million square foot national headquarters in Mexico City, with possible construction of an adjacent office tower. Terms of the agreement were undisclosed.
 According to Steven Saide, Bancomer's associate director general for administration, "BPT was selected because it combined the many capabilities essential to supporting Bancomer's aggressive plans for the expansion of the institution's real estate infrastructure."
 Thomas J. Regan Jr., president of BPT, said, "We are proud of the confidence placed in BPT by Bancomer as we help the bank move forward with Mexico's growing economy. The assignment is a continuation of BPT'S `worldwide view' in assisting leading institutions that must make prudent, long-range real estate decisions in an increasingly global business environment."
 A subsidiary of Grupo Financiero Bancomer, one of only two Mexican corporations included in Forbes' list of the 500 largest international companies, Bancomer was recognized recently by Euromoney magazine as the best managed financial institution in Latin America. As Mexico's leading retail bank, Bancomer maintains a network of more than 800 branches serving every region. Current development plans call for the addition of 200 branches during the next two years and the continuous modernization of technology throughout the system.
 Among the other projects BPT is currently developing world-wide is the 918,000 square foot Foley Square U.S. Courthouse in New York City. Upon completion in 1994, it will become the largest Federal courts building in the United States.
 -0- 7/13/93
 /CONTACT: Bill Colon, Dan Wilhelm or Peter McCue of Fleishman Hillard Inc., 212-265-9150, for Bancomer, S.A./


CO: Bancomer, S.A.; BPT Properties ST: District of Columbia IN: FIN SU:

MP-OS -- NY065 -- 1028 07/13/93 16:22 EDT
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Publication:PR Newswire
Date:Jul 13, 1993
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