Global law firm Norton Rose Fulbright has advised TH Real Estate on the €250 million sale of three shopping centre portfolio companies in Italy and Spain to a joint venture between TPG Capital and Partners Group.
The properties are located in Bologna and Cosenza (Italy), and Elche (Spain) with a total floor space of approximately 70,000 sq.m.
Mark Lloyd Williams, partner, Norton Rose Fulbright commented:
“We are delighted to have fielded a cross-jurisdictional team to assist TH Real Estate on the successful sale of these shopping centres. This transaction further demonstrates the growing appetite for investment in the retail sector, a trend we have seen strengthening over recent years.”
TH Real Estate is an investment management company, specialising in real estate equity and debt investment worldwide with c.$96 billion of assets under management. TPG Capital and Partners Group are global private equity funds with c.$70 billion and c.$55 billion under investment respectively.
The Norton Rose Fulbright team consisted of members from the London and Milan offices. The London corporate team was led by partner Mark Lloyd Williams, with assistance from Victoria Birch and Mark Maurice. The London real estate team was led by partner Neil Biswas, with assistance from Roopa Modi and Paul Matthews. The Milan team was led by Mario Lisanti, with assistance from Domenico Petrone. Julia Lloyd advised on English law tax matters.
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