Avalon Properties is an asset management company focused on the residential sector in the Madrid region.
The DLA Piper team advising on the transaction was led by Juan Gelabert, Financing, Projects and Restructuring partner, and Orson Alcocer, partner in charge of Real Estate. Also involved were José Marco, legal director of the Financing, Projects and Restructuring department, Sara Espina and Santiago González, both associates of the same department, as well as Adolfo Navarrete, senior associate of the Real Estate department. The transaction has also been advised by DLA Piper Luxembourg’s Project, Finance and Restructuring team.
Linklaters advised Avalon Properties with a team led by Juan Barona, partner, and Begoña Martínez, counsel.
According to Juan Gelabert “this is a transaction of great importance for ING Bank and Avalon, which due to its complexity has required the involvement of professionals from various areas and offices of DLA Piper, demonstrating our ability to advise on transactions of this nature”.
Orson Alcocer highlighted “the high value of the transaction, which reflects ING Bank’s positioning in complex transactions in the Spanish residential market.”