Franciacorta Outlet Village And Palmanova Outlet Village’s €235 Million Refinancing


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).

Involved fees earner: Tom Lloyd – Simpson Thacher & Bartlett; Luke Murphy – Simpson Thacher & Bartlett; Alexandre Rakotovao – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Blackstone;