ING grants Monfortino Srl € 75 million loan for trophy location in Milan

ING has acted as sole lender & mandated lead arranger of a €75 million mortgage loan granted to Italian SPV Monfortino Srl. The term loan is secured by Via Manzoni 38, a 10,800 sqm GLA high street retail and office building located in the heart of the fashion district of Milan known as Quadrilatero della Moda.

Amongst the tenants of Via Manzoni 38 are high fashion brands Versace, Patrizia Pepe, Lardini, Manila Grace and Hackett. Other notable prestigious buildings on the Via Manzoni include the Museo Poldi Pezzoli and the luxurious Grand Hotel et de Milan.

Monfortino selected ING to do this deal based on our long and deep sector expertise of the specific Milan high street retail and office sector and specialized lending capabilities.

Monfortino Srl is an Italian limited liability company founded in 2006 and indirectly held by the Prezioso and Di Luggo families who are also respectively involved in the Cittamoderna integrated real estate company and in the Fiart shipyard business.