Colliers Global Investors Italy, acting on behalf of the Antirion Global Fund, has secured refinancing for a portion of the fund's existing debt.
ING, BayernLB, and BNP Paribas provided the refinancing for a real estate portfolio consisting of six properties, with a total value of over €350 mln.
ING acted as both the agent bank and coordinated the documentation for the refinancing.
The financing was structured as a green loan, adhering to the Green Loan Principles outlined by the Loan Market Association.
Additionally, some of the properties were deemed suitable for the EU Taxonomy, a classification system for sustainable economic activities.
Legance represented the banks in the transaction, while Eversheds Sutherland served as Colliers Global Investors' legal counsel.
Launched in December 2012, the Antirion Global Fund is a private real estate investment vehicle underwritten by a single Italian pension fund. It's structured with multiple compartments allowing for targeted investments within the fund, including core and hotels. The fund had 34 managed assets, according to data from June 2023.
