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WFW advises Iccrea on healthcare centre financing

13 October 2016

EN | IT

International law firm Watson Farley & Williams (“WFW“) advised Iccrea Bancaimpresa S.p.A. (“Iccrea”), the corporate banking arm of Credito Cooperativo, and a syndicate of banks also part of Credito Cooperativo and consisting of BCC Udine, BCC Fiumicello, BCC Staranzano, BCC Friuli and BCC Bassa Friulana) on their €10.9m financing to Italian healthcare sector non-profit organisation Grado Riabilita.

The funds in question will be used for the acquisition, restructuring and management of the “ex Ospizio Marino di Grado” healthcare centre (Grado, Gorizia, Friuli Venezia Giulia Region, Italy), which will be dedicated to rehabilitative treatment for people with disabilities as well as provide a nursing home service.

The WFW Italy team advising Iccrea was led by Milan finance partner Francesco Dialti, assisted by associates Emanuele Caretti, Federico Tropeano and Giorgia Gentilini, and for the tax aspects by counsel Giuseppe Franch.

Francesco commented: “We are proud to have successfully advised Iccrea on this transaction, which represents an important investment in the healthcare sector in Italy and confirms WFW’s growing role in the real estate finance sector”.