Lawyer Monthly - June 2022

Acted as Legal Adviser to Foruminvest Italia Lawyer Monthly Transaction Reports - Mergers & Acquisitions 108 WWW.LAWYER-MONTHLY.COM JUN 2022 ABOUT THE DEAL Conti Studio Legale advised Foruminvest Italia on its purchase of a 11,500sqm site for a new hotel development in Milan. The site is adjacent to the international terminal of Milan Malpensa Airport on the MXP Business Park and located next to the Vodafone Automotive headquarters. It can be accessed by car via the A4 and A8 and by train via the Malpensa Express, which already links the airport with the city centre. Accor was named through its partner Amapa as the management company of the new hotel – the first TRIBE-branded site in Italy. The hotel is planned to house 240 rooms, including 10 suites, meeting rooms, a groundfloor restaurant, a fitness centre, a bar and a rooftop swimming pool. The hotel will be served by a total of 130 parking spaces under and around the building. Construction is slated to begin in Q2 2022, with a planned opening in Q4 2023. This land acquisition comes as part of Foruminvest’s stated strategy of investing in prime real estate in European cities and leisure destinations, including Milan and Como. April 2022 Foruminvest Italia’s Purchase of 11,500m2 of Land for a New Hotel Development Lawyer Monthly had the pleasure to speak with Francseco Conti, Founder at Conti Studio Legale to give us some further insight into this transaction:

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