AEW has been advised by Baker McKenzie on the acquisition of two prime retail parks in Spain: Rivas Futura, one of the largest prime retail parks in the Madrid region, which holds the ESG Breeam Excellent distinction, and Vistahermosa, an urban retail park located in Alicante with a strong leisure, entertainment and home offering and is easily accessible by road networks to a wide catchment area along the tourist coast.
Carsten Czarnetzki, AEW’s country head of Spain, said: “We continue to see attractive opportunities in Spain, where economic growth is outperforming the Euro-zone average and is forecast to continue on an upward trajectory.”
AEW has been advised by CBRE and Baker McKenzie. The team of lawyers specialized in Real estate law that has assisted this deal has been led by Guillermo Rodrigo and Marta González-Iniesta. On the other side, Lar España has been advised by Dentons.
On the other hand, Dentons advised Lar España Real Estate SOCIMI with a team led by partner Roberto Tojo (left) and associate Francisco Jiménez (right).