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Thursday, September 28, 2023

DLA Piper, Pérez-Llorca advise parts on RE acquisition in Madrid

DLA Piper has advised a fund managed by Amundi Real Estate on the acquisition of two prime office buildings in Madrid from Real Estate fund Therus and BNP Paribas Real Estate Property Development, which were advised by Pérez-Llorca

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The French asset manager closed the acquisition of the building located in C/ Alcalá 546, the headquarters of L’Oreal, which operates as a tenant, in December 2022, and the second building in C/ Alcalá 544, a 10,500 sqm building, in March 2023. 

The DLA Piper Real Estate and Tax teams advising Amundi Real Estate on this transaction were led by Orson Alcocer, partner, head of Real Estate in Spain, and Miguel Baz, Tax partner. The team included Fátima Rico-Villademoros, senior associate, and Alejandro Márquez Carretero, associate, both from the Real Estate department, together with María Alonso, Tax counsel.

Orson Alcocer commented: “This is a very relevant transaction in the Spanish office real estate market, and I am very proud that DLA Piper advised such an important player as Amundi Real Estate on a deal of this scale.”

On the other hand, Pérez-Llorca advised BNP Paribas Real Estate and Therus Invest with a RE team led by partner Javier Muñoz Méndez, who counted on the support of senior associate José Ángel Nabal and associate Úrsula Barrientos.

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