BPER: Secures Financing for Milan Residential Project with Osborne Clarke and Carnelutti
Deal News | Jan 09, 2025 | Osborne Clarke
Osborne Clarke and Carnelutti, two prominent law firms, have played key advisory roles in the restructuring of a residential complex in Milan. Osborne Clarke provided counsel to BPER, the lending bank, in negotiating the terms for a capex line disbursement meant to facilitate the renovation of the complex. The team at Osborne Clarke was led by Andrea Pinto and supported by Francesco Fallara. Carnelutti, on the other hand, advised Investire SGR S.p.A., acting on behalf of the HITA 1 real estate fund, which is the project beneficiary. The financing transaction is a strategic move to enhance the residential offering in Milan, signifying a significant investment into the city's real estate sector.
Sectors
- Real Estate
- Financial Services
- Legal Services
Geography
- Italy – The real estate restructuring project is based in Milan, which is located in Italy, making the country a key geographical focus of the article.
Industry
- Real Estate – The article discusses a transaction related to the restructuring and renovation of a real estate complex in Milan, highlighting significant movements within the real estate sector.
- Financial Services – The involvement of BPER as the lending bank and the financing aspect of the transaction indicates the article's link to the financial services industry.
- Legal Services – Osborne Clarke and Carnelutti, both law firms providing advisory services, indicate the article's relevance to the legal services industry.
Financials
- N/A – The specific financial details and amounts related to the transaction were not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Osborne Clarke | Legal Advisor | Company | Advised BPER in negotiating the disbursement of the capex line for the project. |
| Carnelutti Law Firm | Legal Advisor | Company | Advised Investire SGR S.p.A. in the financing transaction. |
| BPER | Lending Bank | Company | Provided the capex line for financing the renovation of the real estate complex. |
| Investire SGR S.p.A. | Beneficiary | Company | Acted on behalf of the HITA 1 reserved closed-end real estate alternative investment fund. |
| Andrea Pinto | Head of Financial Services | People | Partner at Osborne Clarke leading the advisory team. |
| Francesco Fallara | Trainee | People | Assisted Andrea Pinto in the advisory process at Osborne Clarke. |