Advising Firms in the Transfer of Milan Durando Student Residence to Ardian and Rockfield

PedersoliGattai advised Ardian and Rockfield on the acquisition; A&O Shearman assisted the lending banks; Chiomenti advised Ardian on financing matters; and EY Studio Legale Tributario advised Hines and Blue Noble on tax aspects. The transaction completed the acquisition by Ardian and Rockfield of the shares in a vehicle held by Blue Noble, an international real estate investment manager, and by Hines, a global real estate investment, development and management firm. The deal represents Ardian and Rockfield’s first acquisition in Milan in the purpose-built student accommodation (PBSA) segment and concerns aparto Milan Durando, a facility located a short walk from the Politecnico campus with approximately 600 beds. This is the third PBSA investment in Italy under the two partners’ plan, which in less than a year has seen them complete multiple acquisitions across Italy, Spain, the Netherlands and Germany. PedersoliGattai represented Ardian and Rockfield with a multidisciplinary team composed by: partner Andrea Francesco Castelli (team lead) handling all legal and tax aspects; senior counsel Federica Baccigalupi; senior associate Matteo Luison; associates Marco Bertolo and Valentina Brambilla on contractual and corporate matters; partner Gianluca Gariboldi and senior associate Maria Adelaide Del Console on planning and administrative law; partner Domenico Ponticelli, senior counsel Alban Zaimaj, senior associate Damiano Di Vittorio and associate Eduardo Barone on tax; and partner Giovanni Giuliani with senior associate Jacopo Pisani on investment structuring and regulatory matters. A&O Shearman represented the lending institutions with a team led by partner Pietro Scarfone, assisted by associate Andrei Avram. The team included counsel Elia Ferdinando Clarizia and senior associate Simona Simone for tax matters; senior associate Roberta Errico together with trainees Maria Chiara Costantini and Elisa Goetz on administrative law; and partner Andrea De Pieri, senior associate Flavia Guancioli, associates Olimpia Salsiera and Valentina Masucci and legal intern Eleonora Lisanti on real estate aspects. Chiomenti represented Ardian in relation to the financing with an of counsel-led team composed by Alfonso Stanzione, assisted by Elena Brunetta and Francesco Piacente. EY Studio Legale Tributario represented Hines and Blue Noble on all fiscal aspects with a team led by partner Alessandro Padula, supported by senior manager Mario Naydenov and manager Domenico La Barca.

Advising Firms in the Transfer of Milan Durando Student Residence to Ardian and Rockfield

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