Simpson Thacher Represents Blackstone on its EUR 235 Million Refinancing of Two Italian Retail Outlet Villages
06.17.19
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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 €235m 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, Luke Murphy and Alexandre Rakotovao (Real Estate).