spot_img
Friday, September 29, 2023

Baker assists Colony in the sale of Triángulo Princesa complex

Baker McKenzie has counselled Colony NorthStar on its sale of Triángulo Princesa complex to Brookfield

-

Canadian fund Brookfield has completed the purchase from Colony NorthStar of the Triángulo Princesa complex, located in the Argüelles district. The asset totals 63,000 square metres, which includes the four-star Hotel Princesa, with 423 rooms, a vacant 4,600 square metre office building, six commercial premises, and a car park.

Brookfield’s purchase of the Hotel Princesa for 175 million euros was announced in early May, but the figure for the acquisition of the entire complex has not been made public.

This acquisition represents Brookfield’s largest addition to its Selenta platform, acquired in 2021, and complements its portfolio of assets in Barcelona, Marbella and Tenerife. Brookfield’s plans are to reposition the complex and transform the hotel property to act as Selenta’s calling card in Madrid.

Baker McKenzie’s team advising Colony on this deal was led by RE partner Guillermo Rodrigo along with senior associate Paloma Alcón and associate Marta González Iniesta. Other members of the team included Banking & Finance partner Rosanna D’Onza, Banking & Finance senior associate Marina Martinez and Tax team leader Bruno Keusses.

- Advertisement -spot_img
- Advertisement -spot_img

MOST READ NEWS

ONTIER guides ECI’s €60m sale of 47 Supercor to Carrefour, advised by CC

According to Cinco Días, the company has closed the transfer of 47 Supercor shops, its chain of neighbourhood supermarkets, to Carrefour for €60 million....

KWM assists Santander and EIB with €553m Green Loan financing to Solaria

King & Wood Mallesons' Finance and Banking team in Madrid advised Banco Santander and the European Investment Bank (EIB) on the agreement reached with...

KWM guides Moira Capital´s €10m investment in IEQSY

Moira Capital Partners has closed the year with its 14th investment. IEQSY is a Spanish company specialising in the design and manufacture of systems...
spot_img
spot_img
spot_img
spot_img
- Advertisement -spot_img
error: