The park, located in the Municipality of Serre (Province of Salerno, Campania Region), is built on public land belonging to the Ministry of Defence.
The transaction involved the assignment of the land use concession granted by Difesa e Servizi S.p.A. to the real estate fund Perseide Energie, which also acquired the PV park from the special purpose vehicles owned by Savex S.r.l., Enerqos S.p.A. and Capital Riesgo Global S.C.R. (CRG), a company belonging to the Santander Group.
Difesa e Servizi S.p.A. is the company that manages the real estate properties of the Ministry of Defence, while Perseide Energie, which is wholly subscribed by Cattolica Assicurazioni Group, is a real estate fund managed by the acquirer, Finanziaria Internazionale.
Watson, Farley & Williams (WFW), a international law firm, advised Finanziaria Internazionale on the acquisition of the project. CBA Studio Legale e Tributario advised Finanziaria Internazionale on the tax aspects of the transaction. CRG/Santander was assisted by Norton Rose Fulbright.