We are very happy to have advised Noval Property REIC in relation to the issuance of €10.5 million pre-IPO mandatorily convertible bond loan to be fully subscribed by European Bank for Reconstruction and Development (EBRD).

Proceeds of the loan will be directed towards Noval’s strategic investment plan focusing on the acquisition and development of sustainable “green” and environmentally certified assets, with sustainable development being also a core part of EBRD’s financing strategies.

The pre-IPO financing structure combined with EBRD’s commitment to participate as a shareholder in Noval Property marks a positive signal to the prospects of Noval’s investment plan and value proposition.

Our team was led by Partner Alexandra Kondyli, assisted by Senior Counsel Eleana Rouga and Associate Iliana Ioannou.

Our client has been also supported for English law matters by Allen & Overy, Milan, led by Partner, Craig Byrne and Senior Associate Sarah Capella, assisted by Associate Edoardo Brugnoli, with the support of Counsel Frederic Demeulenaere.

Congratulations to our client and many thanks for the excellent cooperation and trust all these years.