spot_img
Thursday, April 18, 2024

CMS Spain, Baker advise parts on RE acquisition from CBRE IM

CMS Spain has assisted funds managed by Pictet Alternative Advisors, the alternative investment division of the Swiss-origin Pictet Group, with the acquisition of a large logistics warehouse in Alovera, Guadalajara, owned by CBRE IM, which was advised by Baker McKenzie

-

With this transaction, Pictet increases its investment in the logistics market and demonstrates its continued commitment to the Spanish real estate sector.

This warehouse is one of the largest in Castilla La Mancha, with an approximate area of 43,000 square meters. It is currently leased to a prominent leading group in the logistics and land freight transportation sector. The warehouse is located in one of Spain’s main logistics hubs.

In addition to the acquisition, CMS has also provided legal advice to the client on the tax structuring of the transaction and the negotiation of the asset management agreement with Pictet’s local partner, FREO, a renowned investment and asset management company.

The transaction was led by Miguel Martín-Calama from Pictet and Javier Colino and Diego de Miguel from CMS, with the support of lawyers Luis Durbán, Marta Burgos, Marián Moya, Paloma Herreros de Tejada, and Ana Parejo.

Baker McKenzie’s Madrid office has advised CBRE Investment Management with a RE team led by partner Guillermo Rodrigo (top right) and associate Marta González-Iniesta (bottom right), while CBRE IM’s in-house Legal team was led by Gerardo de Zaldívar (pictured left).

- Advertisement -spot_img
- Advertisement -spot_img

MOST READ NEWS

RCD opens in Córdoba

The move is part of the firm's growth strategy and demonstrates the firm's aim to expand in the region, where it already has an...

PLL counsels Santander Consumer on DBRS Morningstar and Moody’s credit note issuance

DBRS Ratings GmbH (DBRS Morningstar) assigned provisional credit ratings to the following classes of notes to be issued by Santander Consumer Spain Auto 2023-1...

PM counsels Técnicas Reunidas on energy projects development with IC

Técnicas Reunidas, a global engineering company, has signed a Memorandum of Understanding (MoU) with IFC, the private sector arm of the World Bank, to...
spot_img
spot_img
spot_img
spot_img
- Advertisement -spot_img
error: