International law firm Watson Farley & Williams (“WFW“) advised Banca Popolare di Milano S.c. a r.l. (“BPM”) on the €15m financing to Redwood, a real estate investment fund entirely subscribed by real estate company Aedes SIIQ S.p.A. and managed by asset management company Castello SGR S.p.A., in order to cover cash flow needs and finance restructuring costs related to a building complex located in Italy.

Based in Milan, BPM is Italy’s second largest co-operative bank.

The WFW Italy team advising BPM was led by Milan finance partner Francesco Dialti, assisted by associates Federico Tropeano and Giorgia Gentilini.

Francesco commented: “I’m delighted to have advised BPM on a matter which demonstrates WFW’s growing reputation in the real estate sector despite the current challenging economic environment”.

Castello SGR was advised by Grimaldi Studio Legale.