Nctm assists AXA IM – Real Assets and Pradera with acquisition of 8 Gallery Shopping Centre

Nctm Studio Legale assisted AXA Investment Managers - Real Assets ("AXA IM - Real Assets”) and Pradera Limited (“Pradera”), on behalf of their investors, with the acquisition of the 8 Gallery shopping centre of Turin, which is part of the Lingotto Multifunctional Centre, for a total transaction value of approx. 105 million Euros.

AXA IM - Real Assets, a leading real estate portfolio and asset manager in Europe, and Pradera, a specialist retail sector fund and asset manager, as a result of such transaction acquired a retail area with significant growth potential in Turin’s Lingotto.

Nctm provided assistance through a multi-disciplinary team led by Luigi Croce.

More specifically, the Nctm team was led, respectively, by Luigi Croce and Alessandro Vespa, with the assistance of Francesca Leonelli, as to real estate and corporate matters, and by Ada Lucia De Cesaris, with the assistance of Rossella Vaiano as to planning matters.

The banking implications of the transaction were dealt with by Stefano Padovani and Giovanni de’ Capitani di Vimercate, and tax issues were dealt with by Federico Trutalli and Andrea Mantellini.