Alma LED Advises Savills and Barings on Financing to Acquire Office Property in Milan Porta Nuova

Alma LED advised Savills Investment Management Sgr, acting as manager of the closed-end alternative Italian real estate fund NEOPOLIS, and a company of the Barings group in relation to the financing for the acquisition, while La Scala Società tra Avvocati advised Banca di Credito Cooperativo di Milano SC. The transaction involved the financing provided by Banca di Credito Cooperativo di Milano SC to support the acquisition from a leading institutional investor of an office complex located in the Milan Porta Nuova business district. The property, known as Tazzoli 6, has a gross floor area of approximately 11,000 sqm, arranged over seven above-ground floors and two underground levels that accommodate around 72 covered parking spaces, together with a private internal courtyard. Currently partially let, the asset offers significant redevelopment potential aimed at transforming it into a Grade A office building with high ESG credentials, including an objective to achieve at least LEED Gold sustainability certification. Alma LED represented Savills Investment Management Sgr and a Barings group company with a team composed by: partners Rocco Pugliese and Pasquale Mosella (financing), associates Andrea Di Gregorio and Federica Di Ridolfi (associates on the financing matters), and partner Francesco Di Bari (tax). La Scala Società tra Avvocati represented Banca di Credito Cooperativo di Milano SC with a team composed by: partner Simone Bertolotti (banking and finance).

Alma LED Advises Savills and Barings on Financing to Acquire Office Property in Milan Porta Nuova

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