03 Nov 2025

"Allen & Overy Shearman Advises on €550M Pan-European Green Financing for Student Housing Acquisition"

"A&O Shearman has successfully advised a banking syndicate on structuring a EUR550 million pan-European green financing for Ardian and Rockfield Real Estate. This financing supports the acquisition of a portfolio of Purpose Built Student Accommodation (PBSA) across Germany, Spain, France, and the Netherlands, with additional funding for investments in Italy. ING, Société Générale CIB, and HSBC Continental Europe acted as lead arrangers, with ING serving as agent and global coordinator. This innovative green financing marks a significant milestone in Ardian and Rockfield's European student housing strategy."

A&O Shearman has advised the banking syndicate, including ING, Société Générale CIB, and HSBC Continental Europe, on the structuring of a pan-European green financing granted to Ardian and Rockfield Real Estate. The transaction involved a EUR550 million green financing to support the acquisition of a pan-European portfolio of Purpose Built Student Accommodation (PBSA). The financing includes nearly EUR450 million in bank loans for assets located in Germany, Spain, France, and the Netherlands, with ING acting as agent and global coordinator. Additionally, more than EUR100 million was allocated to support existing investments in Italy. The legal team from A&O Shearman included Caroline Delavet (Partner, Paris), Anas Benmalek (Associate, Paris), Dusan Vukanovic (Associate, Paris), Xavier Jancène (Partner, Paris), Alix Pallier (Senior Associate, Paris), Mathieu Vignon (Partner, Paris), Carole El-Beze (Associate, Paris), Jimena Urretavizcaya (Partner, Madrid), Ishtar Sancho (Partner, Madrid), Andreas Hommel (Partner, Luxembourg), Pieter Tieskens (Partner, Amsterdam), Aroen Kuitenbrouwer (Partner, Amsterdam), and Pietro Scarfone (Partner, Milan).
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