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A&O Shearman advises on first social impact real estate securitization platform for the city of Milan

A&O Shearman advises on first social impact real estate securitization platform for the city of Milan
Published Date
Sep 18 2025
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Image of Pietro Bellone
Pietro BellonePartner, Milan
Image of Fabio Gregoris
Fabio GregorisSenior Associate, Milan
Image of Elia Ferdinando Clarizia
Elia Ferdinando ClariziaCounsel, Milan

A&O Shearman has advised Reeco, real estate development and property manager part of Reviva group, in structuring a real estate securitization platform pursuant to Article 7.2 of Law 130/99, dedicated to the redevelopment and conversion of disused properties into new residential units, with an acquisition plan of up to EUR50 million. Banca Credito Attivo acted as arranger and senior lender.

This project is the first of its kind and aims to contribute to the urban regeneration of the city of Milan and the enhancement of its residential areas.

Pietro Bellone, partner, commented: “This initiative demonstrates that real estate securitization can successfully serve the community’s needs. We are proud to have supported Reeco in building a more sustainable and inclusive future for the city of Milan.”

The A&O Shearman team, supervised by partner Pietro Bellone, was led by senior associate Fabio Gregoris, with the support of trainee Anna Zanolli. Counsel Elia Ferdinando Clarizia handled the tax aspects.

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