Watson Farley & Williams (“WFW”) has advised BPER Banca S.p.A. (“BPER Banca”) on the circa €12m refinancing, on a project financing basis, of a loan granted to Italian project company N.O.V. S.r.l. (“NOV”) for the construction of new hospital pavilion, ancillary building works and the Canal al Pianto guesthouse at the SS. Giovanni e Paolo hospital in Venice.
As part of the agreement, NOV has entered into a concession agreement with the Local Health Care Unit in Venice, Azienda ULSS no. 3 Serenissima, to regulate the main terms and conditions of the design, construction and management of the buildings as envisaged in the original project.
BPER Banca, formerly known as Banca Popolare dell’Emilia Romagna S.C., is a commercial and co-operative bank and the parent of BPER Group, one of Italy’s leading banking groups, with a primary focus on small and medium sized enterprises with a strong international client base. The bank is a constituent of the FTSE MIB index.