Osborne Clarke and Legance advise in the Milan Fashion District

Osborne Clarke advised National Bank of Greece (Cyprus) on its first fronting lending transaction in Italy and Situs Asset Management Limited, acting as agent and security agent, on the Euro 60 million loan granted to the FIA Italian Opportunities Fund I managed by Castello SGR S.p.A., advised by Legance, in the context of the investment by Oak Hill Capital Partners and Invel Real Estate Partners Limited in the property complex at Via Verri 5 in Milan, home to major fashion brands such as Missoni and Manolo Blahnik.

The Osborne Clarke team advised National Bank of Greece (Cyprus) and Situs Asset Management Limited with a team coordinated by head of financial services Andrea Pinto and composed of associate Alessandro Generali, associate Ugo Marchionne and trainee Vittoria Panerai, with the participation of the Real Estate team with associate Roberto Salis and the Tax team with head of tax Claudio Grisanti.

Legance advised Oak Hill Capital Partners, Invel Real Estate Partners Limited and Castello SGR S.p.A..

BSP advised National Bank of Greece (Cyprus) and Situs Asset Management Limited on Luxembourg law, while A&O Shearman Luxembourg advised the fund's shareholder.