Allen & Overy advised on a EUR100 million financing to Castello SGR for the acquisition and development of logistics assets
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Allen & Overy advises on the acquisition of an NPL portfolio
Allen & Overy has advised an international alternative lending institution on a EUR100 million mortgage financing to Castello SGR S.p.A., which acted as an asset management company for the closed-end common alternative real estate investment fund GO Italia IX (fully subscribed by BGO), intended for professional investors.
The financing will be provided to support the acquisition, and in some cases the development, of eight logistics assets located in northern Italy with a total surface area of approximately 250,000 sq.m.
Castello SGR is a real estate asset and fund management company, a market leader in promoting and managing alternative investment instruments, with a focus on the real estate sector.
BGO is among the most important global real estate investment platforms, and this deal confirms the investor’s interest in operating on a vast scale within the Italian real estate market.
Allen & Overy assisted the alternative lending institution which financed the real estate portfolio with a multi-disciplinary team led by partner Stefano Sennhauser and senior associate Marco Mazzola, with the support of senior associate Roberta Errico on administrative and real estate law aspects. Counsel Elia Ferdinando Clarizia and associate Doris Ceoromila provided assistance on tax-related matters.
A team from the A&O Luxembourg office comprising partner Andreas Hommel, counsel Diana Konrad and associate Fanni Farizs also provided assistance.