Aareal Bank’s €31 Million Refinancing of Two Properties in Milan

DLA Piper has advised Aareal Bank on the deal. Invesco Real Estate was advised by Cadwalader, Wickersham & Taft LLP on the English aspects of the transaction. Pirola Pennuto Zei & Associati advised Invesco Real Estate on the Italian aspects of the financing.

Aareal Bank completed the refinancing of two properties located in Milan, Italy, and owned by a pan-European fund managed by Invesco Real Estate, the global real estate investment manager.

The facility was granted in connection with a EUR580 million facility granted in November 2016 between Aareal Bank AG and Invesco Real Estate, which DLA Piper previously advised on.

The DLA Piper multijurisdictional team included lawyers from the firm’s offices in the UK, Germany and The Netherlands. London-based Finance partner Toby Barker (Picture) led the team, assisted by associates Joe Riches and Emma Nicholson. Finance partners Giuseppe Mele (Rome), Torsten Pokropp (Frankfurt), Volker Lemmer (Cologne) and Lex Oosterling (Amsterdam) led the teams in their respective jurisdictions. Additional advice was provided in relation to the Italian aspects of the transaction by Real Estate partners Paolo Foppiani, Carmen Chierchia and Tax partner Andrea Di Dio.

Cadwalader, Wickersham & Taft LLP advised on the English aspects of the transaction with a team led by Duncan Hubbard.

Pirola Pennuto Zei & Associati team was led by Maurizio Bernardi.

Involved fees earner: Duncan Hubbard – Cadwalader Wickersham & Taft; Toby Barker – DLA Piper; Carmen Chierchia – DLA Piper; Andrea Di Dio – DLA Piper; Paolo Foppiani – DLA Piper; Volker Lemmer – DLA Piper; Giuseppe Mele – DLA Piper; Emma Nicholson – DLA Piper; Lex Oosterling – DLA Piper; Torsten Pokropp – DLA Piper; Joe Riches – DLA Piper; Maurizio Bernardi – Pirola Pennuto Zei & Associati;

Law Firms: Cadwalader Wickersham & Taft; DLA Piper; Pirola Pennuto Zei & Associati;

Clients: Aareal Bank; Invesco Real Estate;

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