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Simpson Thacher Represents Blackstone on its EUR 235 Million Refinancing of Two Italian Retail Outlet Villages

06.17.19

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).