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Saturday, December 3, 2022
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Clifford advises BentallGreenOak, ASG Iberia on RE sale

Clifford Chance has advised BentallGreenOak and ASG Iberia on the sale to a private investor, managed by Elcano IM, of their premises located in Fuencarral 77 in the heart of Madrid

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BentallGreenOak and ASG Iberia have sold one of the most coveted retail assets in the centre of Madrid. This is the building at 77 Fuencarral Street, where Mercadona plans to open its new shop in the centre of the capital.

The sale has been closed to a private investor managed by Elcano IM and CBRE has advised Mercadona, the new tenant, on the sale and rental process.

Fuencarral 77 is a building entirely refurbished by BentallGreenOak and ASG Iberia for residential and commercial use.

This 3,000 m2 commercial property was recently renovated and transformed by BentallGreenOak and ASG Iberia before its sale and has been rented out to supermarket chain Mercadona.

The Clifford Chance´s Real Estate team advising on this operation was led by partner Carlos Portocarrero with the support of senior associate Andrés Berral and associate Begoña Martínez.

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