Dea Capital RE secures €84m loan from Societe Generale

Italian asset manager DeA Capital Real Estate SGR has secured €84 mln in green financing from Societe Generale's Milan branch with a maximum term of 5 years.

Park West

The loan is intended for DeA Capital RE’s ParkWest Fund, an Alternative Investment Fund fully subscribed by Orion European Real Estate Fund V.
The loan will be used to finance Park West Office, a 35,000 m2 office complex designed by MCA - Mario Cucinella Architects.
The complex, consisting of three buildings, is located within the new SeiMilano urban park in southwestern Milan, near the Bisceglie metro station and the future San Cristoforo station.
Park West is a highly sustainable project, boasting LEED Platinum, WELL, and Fitwel certifications. It has already attracted prominent tenants like Fiditalia, Carrefour Italia, and others, achieving an occupancy rate of around 80%.
The complex features infrastructure supporting green mobility, such as bicycle parking and electric vehicle charging. It also fosters social interaction with amenities like a restaurant, auditorium, gym, and children's play area. The outdoor spaces, including squares, terraces, and rooftops, create a dynamic and stimulating work environment.
Dentons and Three Stars Capital Partners provided legal and financial advice to DeA Capital Real Estate, while DLA Piper advised Societe Generale on legal matters. Notary Guidi handled the notarial aspects of the transaction.