Osborne Clarke with a team led by partner Umberto Piattelli with associate Giulia Basile advised on the procedure to obtain the CONSOB licence for the creation of the new equity crowdfunding platform, Concrete Investing. Osborne Clarke will also advise of all the associated compliance procedures.

Concrete Investing specialises in the collection of capital for investment in real estate projects in areas of primary interest, which on the one hand allows investors to see, evaluate and invest in selected real estate transactions in a rapid and transparent way and with the expectation of interesting returns on their investments, and on the other hand allows real estate developers to expand and diversify the sources of funding for the realisation of their projects.

Concrete's distinctive elements are the fact that it involves both professional investors and qualified developers, uses a narrative close to the club deal for communicating and identifies high quality offers thanks to an ad hoc Evaluation Committee which will carry out screening and due diligence exercises.

Banca Sella will act as financial intermediary through the new open banking platform Fabrick, and Be Trust will act as an independant fiduciary.

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