“We have had a lot of firsts in recent times acquiring assets on behalf of our funds VESALF I, ELF 3, ECF, EFRF, amongst others across Spain and Portugal in different assets classes, however always passionate about closing a residential transaction of this nature,” said Maurice Kelly, head of Transactions Spain & Portugal at Savills Investment Management. He added: “The transaction provides attractive risk-adjusted returns even in the current environment and gives us a great foothold in the market to build scale in residential.”
“A real pleasure to have worked with Neinor on this transaction, a super professional and deal-orientated team and their advisors Savills,” Commented Savills Investment Transactions head for Spain & Portugal, who concluded by saying: “A big thank you to our advisors (Ashurst, JLL, PWC & Arcadis) for their hard work and great advice and a big congratulations to the entire Savills IM team in particular to Charlotte Fogel for all the hard work!. Chloé Mathieu, Juan Riestra, thanks for all the effort to get it across the line.”
Ashurst counselled Savills Investment Management with a team led by partner Ismael Fernández Antón, who counted on the support of lawyers Román Hierro Serrano, Carmen García Prieto and Alba Aparicio Martín.
