MILAN – 5 July 2022 – Greenberg Traurig Santa Maria assisted Solution Bank in a transaction to provide a loan with MCC Fund Guarantee to Calabria RE.
Calabria RE owns the Porto degli Ulivi shopping center located in Rizziconi near Gioia Tauro, in the Calabria Region. The shopping center, acquired in 2019, covers an area of more than 24,000 square meters and has more than 2,000 parking spaces. There are 56 tenants indicating an occupancy rate of nearly 100%.
Solution Bank's financing will be used to refinance existing debt and support the center's development. Solution Bank benefits from the MCC Guarantee under refinancing operations in accordance with the provisions of the so-called temporary framework governed by the Liquidity Decree.
Greenberg Traurig Santa Maria assisted Solution Bank with a team composed of Associate Antonio Izzi and Trainees Alessia Ravagni and Gianmarco Volino.