We have developed a considerable experience in real estate investment funds, having advised both asset management companies and Italian and foreign investors interested in contributions, subscriptions, purchases, placing, also on stock exchange markets, of units of real estate investment funds. We assist our clients in a wide range of activities including drafting fund rules, defining a fund’s governance issues, legal due diligence of the portfolios to be contributed/purchased; contributions of real estate properties and companies portfolios designed for the launch of funds; defining agreements for the placing of the units held by contributing entities; drafting/reviewing and negotiating loan agreements and related guarantee agreements and, in general, the documentation regarding the funds’ financing structure (so-called “security package”); defining all contractual documentation preliminary to the launch of a real estate fund (advisory, agency, facility management, property management agreements); voluntary liquidation of funds; restructuring of the funds’ debt, public purchase and exchange offers on the funds’ units. We also advise on any type of real estate transactions, from development to requalification projects, transfers and acquisitions of real estate portfolios, organization of company structures needed for the establishment of temporary company associations, joint-ventures and consortia aimed at the implementation of real estate projects. With specific regard to real estate development projects, we have gained extensive experience in drafting and negotiating contracts with different contractors and sub-contractors, as well as in the establishment of consortia aimed at the implementation of big real estate projects.
We have recently obtained the authorization of the first Italian SICAF by the Bank of Italy.