DeA Capital Real Estate SGR announces the completion of the green financing transaction for the ParkWest Fund, an Alternative Investment Fund (AIF) fully subscribed by Orion European Real Estate Fund V. The agreement, with a maximum term of 5 years and a total value of EUR 84 million, was financed by Societe Generale’s Milan branch.
The financed asset is Park West Office, an office hub with a total surface area of approximately 35,000 sqm, an architectural project by MCA - Mario Cucinella Architects. The complex comprises three buildings set within the new SeiMilano urban park, located in the south-western area of the city, adjacent to Bisceglie, end-of line station on Metro Line 1, and near the future San Cristoforo station, on Metro Line 4.
Park West is a project that has achieved the highest ESG certifications, including LEED Platinum, WELL, and Fitwel. As a testament to its commitment to a sustainable future, it has already been chosen by prominent companies such as Fiditalia, Carrefour Italia, Lutech, Impresoft, Dow Chemical, Wolters Kluwer, Air Liquide, Kyowa Kirin, and Regus, reaching an occupancy rate of approximately 80%.
The complex has been designed to promote sustainability, featuring infrastructure dedicated to green mobility, such as bicycle parking spaces equipped with maintenance stations and electric vehicle charging points. It also strongly promotes social interaction, offering generous common areas including a corporate restaurant, an auditorium, a gym, and a children’s playing area. The outdoor spaces comprising two main squares, various terraces, and the rooftops of the towers, encourage relaxation and informal gatherings, contributing to a dynamic and stimulating work environment.
The success of the transaction was also made possible thanks to the support of Dentons and Three Stars Capital Partners, who assisted DeA Capital Real Estate with legal and financial advisory respectively, DLA Piper, which advised Societe Generale on legal matters, and Notary Guidi, who handled the notarial aspects.
