Alpha Bank's First Fronting Lending in Italy Facilitates Rome Asset Acquisition
Deal News | Feb 06, 2025 | Osborne Clarke
Osborne Clarke has advised Alpha Bank, from its Luxembourg branch, in its inaugural fronting lending transaction in Italy. Alpha Bank extended the financing for the acquisition and restructuring of a premium asset located in Via Cavour, Rome. The property is notably leased to the Ministry of the Interior among others. The financing was directed toward Castello SGR S.p.A., acting on behalf of the 'Intracento' reserved closed-end real estate alternative investment fund. The legal advisory team was led by Andrea Pinto, head of Osborne Clarke's Financial Services, with support from associates specializing in urban planning, real estate, and tax issues. This marks a significant step for Alpha Bank in expanding its lending operations into the Italian market.
Sectors
- Banking and Financial Services
- Real Estate
Geography
- Italy – The transaction is taking place in Italy, specifically involving the acquisition of a real estate asset in Rome.
- Greece – Alpha Bank, a Greek bank, is the key financial institution providing the lending services.
- Luxembourg – Alpha Bank's branch in Luxembourg is involved in executing this transaction.
Industry
- Banking and Financial Services – The article discusses Alpha Bank, a financial institution, providing a lending service, which is a core function of the banking and financial services industry.
- Real Estate – The transaction involves the acquisition and restructuring of a premium real estate asset in Rome, underlining the involvement of the real estate industry.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Alpha Bank S.A. | Lender | Company | A Greek financial institution that provided the fronting loan for the transaction. |
| Osborne Clarke | Legal Advisor | Company | The law firm advising Alpha Bank on the fronting lending transaction in Italy. |
| Castello SGR S.p.A. | Borrower | Company | An Italian asset management company managing the real estate alternative investment fund involved in the acquisition. |
| Ministry of the Interior | Lessee | Government | The current lessee of the premium real estate asset being acquired and restructured. |