BSP acted as lead counsel to Banque Internationale à Luxembourg and Belfius Bank SA on the Luxembourg law financing of the acquisition by Groupe Capelli together with Novaxia of one of the two plots of land on which the South Village project is being developed.
The South Village project is a mixed-use 21,000 m2 project located in Howald, Luxembourg, expected to generate more than 200 million euro of turnover and will comprise 128 living units, more than 80 co- living units, a co-working space, 1300 m2 office space, two restaurants and a store. The South Village project is being developed by Groupe Capelli and, for one of the two plots of land, together with Novaxia.
Banque Internationale à Luxembourg acted as arranger, agent and security agent on the financing provided together with Belfius Bank SA.
BSP’s team was formed of Nicolas Widung, Senior Counsel, and Maria Natsiou, Junior Associate, from the Banking & Finance department, Gaëlle Felly, Partner, and Laura Simmonds, Senior Associate from the Tax department.