ROME-Dentons has advised an AIG/Lincoln subsidiary on the sale of a retail property, Da Vinci Market Central in Rome to funds managed by CWM Group.
The Dentons team advising AIG/Lincoln was led by Stewart Middleman, head of cross-border transactions for Dentons' European Real Estate Group. He was supported by a team of Dentons cross-border property lawyers and worked with Domenico Tulli and his team at the law firm of Gianni, Origoni, Grippo, Cappelli & Partners, a leading Italian law firm, in advising AIG/Lincoln.
"We are pleased to again support our long term client, AIG/Lincoln," Middleman said.
Located in the Rome airport area, Da Vinci is the largest retail park in Italy with over 600,000 square feet (56,000 m²) of lettable area and in excess of 10 million visitors per year. The transaction has a value of approximately $174 million (€130M). Evan Lazar, co-chairman of Dentons Europe's Real Estate group noted: “Despite the fact that Dentons is not present in Italy, AIG/ Lincoln came to us for our solution-oriented cross-border approach to successfully closing transactions.''
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
