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A&O Shearman advises banks on a EUR550 million green financing

A&O Shearman advises banks on a EUR550 million green financing
Published Date
Nov 3 2025
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Image of Caroline Delavet
Caroline DelavetPartner, Paris
Image of Anas Benmalek
Anas BenmalekAssociate, Paris
Image of Dusan Vukanovic
Dusan VukanovicAssociate, Paris
Image of Xavier Jancène
Xavier JancènePartner, Paris
Image of Alix Pallier
Alix PallierSenior Associate, Paris
Image of Mathieu Vignon
Mathieu VignonPartner, Paris
Image of Carole El-Beze
Carole El-BezeAssociate, Paris
Image of Jimena Urretavizcaya
Jimena UrretavizcayaPartner, Madrid
Image of Ishtar Sancho
Ishtar SanchoPartner, Madrid
Image of Andreas Hommel
Andreas HommelPartner, Luxembourg
Image of Pieter Tieskens
Pieter TieskensPartner, Amsterdam
Image of Aroen Kuitenbrouwer
Aroen KuitenbrouwerPartner, Amsterdam
Image of Pietro Scarfone
Pietro ScarfonePartner, Milan

A&O Shearman has advised the banking syndicate on the structuring of a pan-European EUR550m green financing granted to Ardian and Rockfield Real Estate, in connection with the acquisition of a pan-European portfolio of Purpose Built Student Accommodation (PBSA).

The financing includes nearly EUR450m in bank loans provided to support the acquisition of assets located notably in Germany, Spain, France, and the Netherlands. ING, Société Générale CIB, and HSBC Continental Europe acted as mandated lead arrangers. ING also acted as agent and global coordinator. It also comprises an additional financing of more than EUR100m supporting existing investments in Italy.

“We are proud to have supported leading banks in structuring this scalable and innovative green financing solution, which marks a significant milestone in Ardian and Rockfield Real Estate’s European strategy in the student housing sector.”

The A&O Shearman team was led in Paris by partner Caroline Delavet, with associates Anas Benmalek and Dusan Vukanovic on financing aspects, partner Xavier Jancène and senior associate Alix Pallier on real estate aspects, and partner Mathieu Vignon and associate Carole El-Beze on tax aspects.

A&O Shearman teams also contributed from Spain, led by partners Jimena Urretavizcaya and Ishtar Sancho, from Luxembourg, led by partner Andreas Hommel, from the Netherlands, led by partners Pieter Tieskens and Aroen Kuitenbrouwer, and from Italy, led by partner Pietro Scarfone.

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