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Friday, May 24, 2024

DLA Piper advises HIG Capital on RE acquisition in Madrid

DLA Piper has advised HIG Capital on the acquisition of two office buildings and a hotel in Madrid

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The acquired properties are located on Calle Bausá in Madrid (in the Arturo Soria area) and have a total surface area of 20,000 square metres, which HIG Capital will use for the development of a project to develop 267 residential properties for sale and rent.

DLA Piper has advised HIG Capital in all phases of the transaction, from the initial structuring through the due diligence process of the assets to the negotiation and formalisation of the closing documents.

The DLA Piper team in Spain advising on this transaction was led by José María Oliva, partner in the Real Estate department, Ángel Maestro, legal director, and Pablo Gamboa, associate, both from the same department, advising on the Real Estate aspects of the transaction; and Miguel Baz and María Alonso, partner and counsel in the Tax department, advising on the tax aspects.

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