Ashurst advised Ospedal Grando S.p.A., a project company partly owned by Lendlease Construction (EMEA) Ltd, on a €82 million project financing for the new Cittadella della Salute within the Treviso Hospital in Italy, which is one of the biggest project finance deals in the Italian health sector in recent years.
UniCredit S.p.A., European Investment Bank, Banca Imi S.p.A., Intesa Sanpaolo S.p.A. e Banca Prossima S.p.A. acted as lenders.
The project's innovative financial structure, thanks to the EIB's contribution, generates € 1.8 million of savings, which are entirely committed to capitalize a new impact fund, Ospedal Grando Impact Investing S.r.l., to invest in innovative solutions for research and health, with greater benefits for the community.
The overall investment of the project, which also benefits from the European Fund for strategic investments, amounts to approximately € 220 million.
The Ashurst team was led by partner Carloandrea Meacci, assisted by counsel Umberto Antonelli and associate Andrea Semmola.