Global law firm DLA Piper has advised the Milan branch of Crédit Agricole Corporate and Investment Bank, on a EUR280 million green financing granted to DeA Capital Real Estate SGR S.p.A., acting as manager of the Millennium Luxury fund, in connection with the sustainable redevelopment of Palazzo Marini, a landmark property located in Piazza San Silvestro in the heart of Rome.
The financing supports one of the most significant real estate transactions in Italy in 2026 and will contribute to the urban regeneration and sustainable redevelopment of the historic asset in line with environmental principles. The project includes the conversion of Palazzo Marini into a luxury five-star hotel with approximately 127 rooms operating under the Four Seasons brand.
The green loan was provided by the Milan Branch of Crédit Agricole Corporate and Investment Bank, acting as original lender, green coordinator, mandated lead arranger, sole bookrunner, sole underwriter and agent.
A cross-practice and multijurisdictional DLA Piper team spanning Italy and Luxembourg, led by Finance partner Giampiero Priori, advised on all stages of the transaction, including the structuring, negotiation and documentation of the financing. He was supported by partners Andrea Di Dio (Tax), Valentina Marengo, Carmen Chierchia (both Real Estate), and Nicoletta Alfano and Xavier Guzman (both Finance).
DLA Piper has advised on several refinancings for the real estate sector, including advising:
- Harrison Street Asset Management of the sale of six UK student accommodation properties
- Erste Group and UniCredit Bank on EUR225 million refinancing of a retail portfolio in Sebia
- PKO Bank Polski and ING Polska on the PLN 770 million refinancing of Student Depot
- A banking syndicate on the EUR800 million financing granted to Meliá Hotels International S.A.
- Aareal Bank on financing acquisition of a 44,000 sq. meter shopping centre in northern Poland
- Generali Real Estate on the EUR330 million refinancing of the Four Seasons Hotel Madrid at Centro Canalejas
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