Global law firm Clifford Chance has advised the lenders on the financing of the acquisition by DWS Group and OMERS Infrastructure of Grandi Stazioni Retail from its existing shareholders, including Antin Infrastructure Partners.

Grandi Stazioni Retail manages the entirety of commercial and advertising spaces in 14 of Italy’s major railway stations and hubs for the high-speed rail network, which collectively receive over 800 million visits a year. The stations include over 800 commercial units, totalling around 190,000 Sqm of leasable space, and over 1,800 media assets.

The Clifford Chance global finance team was led by partner Julia House in London and counsel Chiara Commis in Milan, supported by senior associates Arpan Bhatt and Skanda Kumble and associate Daniel Braun (London) and Teresa Giaccardi (Milan). Specialist advice on hedging was provided by partner Will Winterton and senior associate Brij Patel (London) and on tax matters by senior associate Roberto Ingrassia (Milan).

The transaction is expected to be completed by the end of the year, subject to certain customary closing conditions and regulatory approvals.