Simpson Thacher represented Blackstone in the refinancing of two Italian retail outlet villages.
Franciacorta Outlet Village is a 36,803 sqm outlet scheme located in Lombardy region. Palmanova Outlet Village is a 22,204 sqm outlet scheme located in the province of Udine in the north-east of Italy. The two separate loans are in an aggregate amount of approximately €235 million and will be subject to a CMBS transaction, arranged by Deutsche Bank AG.
The Simpson Thacher team who acted on the transaction included Tom Lloyd (Picture), Luke Murphy and Alexandre Rakotovao (Real Estate).
Law Firms: Simpson Thacher & Bartlett;