DLA Piper Advises on EUR220 Million Financing for COIMA Porta Nuova P35

Global law firm DLA Piper, advised the Italian real estate investment and asset management company, Coima SGR on the EUR220 million financing of a property located at Via Pirelli 35 in Milan, a landmark building in the Porta Nuova district of Milan.

The refinancing supports the development and enhancement of this landmark property, reinforcing the Porta Nuova district’s position as a leading business and innovation hub.

The DLA Piper team was led by partner Giampiero Priori, Co-Head of Corporate Finance. He was  supported by Tax partner, Andrea Di Dio, Real Estate partners, Valentina Marengo and Carmen Chierchia, senior lawyers Flavia Pertica (Finance) and Valentina Trappolini (Tax), and Jacopo Maria Devitini and Samuele Belfrond (both Real Estate)

DLA Piper has advised on several refinancings for the real estate sector, including:

• Advising Aareal Bank on:
  • The EUR567 million refinancing of seven hotels in Europe including the Hilton Schiphol Airport, Renaissance La Défense Paris and Conrad Dublin;
  • The provision of financing worth EUR285 million to Star Capital Finance for the purchase of a portfolio of six shopping centres in Poland; and
  • A GBP275 million loan facility against three Hilton Hotels
• Supporting a syndicate of financial institutions coordinated by BBVA, CaixaBank and Banco de Sabadell on the granting of EUR400 million of financing to Minor Hotels Europe & Americas, S.A.

Assisting Erste Group Bank AG, Erste Bank a.d. Novi Sad (Serbia), and UniCredit Bank Serbia a.d. on the EUR225 million refinancing of the retail portfolio owned by Atterbury, a group of South African investors, and MPC Properties, a leading Serbian real estate developer.