1. Do you have to enter into a form of agreement with the local au­thor­ity/mu­ni­cip­al­ity when applying for consent for a data centre in your jurisdiction? In order to develop a data centre in Italy a study...

22 November 2023: the Italian decree promoting the self-consumption of renewable energy (Cer Decree) gets the approval of the European Commission. After several months, the process started last February...

Published in the Official Gazzette on 2 November 2023, the new European directive Red III (EU directive 2023/2413) will be in force on 20 November and each member States shall implement it in its national...

1. Due diligence costs for the purchase of real estate 1.1 Municipal search Cost Time-based cost plus out-of-pocket expenses (e.g. for administrative fees, copies). VAT 22% 1.2 Utility search (each...

1. General overview To date, we have listed several decisions relating to this issue. The proceedings were mainly summary proceedings. A few decisions are decisions on the merits of the case (some being...

DLA Piper and CMS Italia advised, respectively, Aareal Bank and European Logistics 2 S.a r.l. in the financing transaction, for euro 42 million, of three logistics properties located in the Mu­ni­cip­al­it­ies...

CMS, one of the top ten international law firms, has assisted Jefferies, a leading investment bank, for the lease of new offices in Milan in Corso Matteotti 5 owned by Primo RE fund managed by Prelios...

Recent work highlights Investment and disposal Advised Franklin Templeton in the acquisition of the Fatebenefratelli hospital in Venice. Advised Commerzbank in the disposal of the shopping center Le Cupole in Milan for the formerCSAM’s CS Euroreal fund to the Israeli investor Forma Real Estate Fund. Advised Corpus Sireo Immobilienfonds in the sale of an office building in Milanofiori to AXA REIM. Assisted Union Investment together with CMS Hamburg on the acquisition for the UniImmo Europa fund of the Melody-Portfolio which comprised among assets in Germany also one of Italy’s largest shopping centre, “Le Befane” in Rimini from the fund CS Euroreal. Advised Algonquin in a JV for the acquisition of the Sheraton Rome Hotel from a consortium of investors including Benson Elliott, Walton Street Capital and Algonquin. Advised SPRL 9 Hotel Collection International in the acquisition of 100% of the issued corporate capital of Albergo Cesari S.r.l. and SCI Cesari S.r.l., companies that own and manage Albergo Cesari, a boutique hotel located in the historic centre of Rome. Managers and Occupiers Advised a global on-line provider in the lease of several logistic premises including due diligence, change of use and fit-out agree­ment­sAs­sisted Deutsche Asset Management in several leases regarding logistic facilities in Northern Italy to different leading Italian transport and logistic companies. Assisted M&G Investment in drafting and negotiating a property management agreement with reference to a property portfolio managed in Milan. Construction and development Advised Scannel Properties in a large number of forward purchase transactions in the logistic sector. Advice includes acquisition of green or brown fields, conversion of use, development, construction and lease to logistic operators. Advised Tristan Capital Partners in the refurbishment of an office building in Milan. Advice included preparing the bidder documentation, ECP contract and professional advisory agreements, inclusive of Health & Safety matters. Advised AXA Reim in the construction management agreement with Redbrick regarding a residential development, Milan. Financing Advised Bayern LB on the financing transaction with regards to the extension of one of Italy’s largest shopping centre, the “Orio Center” by Commerz Real In­vest­ment­gesell­schaft GmbH. 

CMS – tra i primi 10 studi legali a livello internazionale - ha coadiuvato lo studio americano Skadden Arps nell’ambito dell’im­ple­mentazione degli aspetti operativi tesi alla riorganizzazione in...

Munich – CMS has advised Solon Management Consulting and Altman Vilandrie & Company on their merger to form Altman Solon. The merger gives rise to the world’s largest strategy consultancy focusing...