The complex consists of eight freehold buildings and a co-ownership interest in a ninth building, all of which are for residential and commercial use and are located on Félix Boix, Doctor Fleming and Carlos Maurrás streets in Madrid. The properties adjoin the Castellana 200 shopping and office centre, owned by Allianz.
DLA Piper’s multidisciplinary team advising on this transaction comprised Orson Alcocer, partner in charge of the Real Estate practice, Ángel Maestro, senior associate, and Julia Fernández, Alejandro Márquez, Carlos Sánchez and María Granados, associates in the Real Estate department. Also participating from the Corporate/M&A department were Joaquín Echánove, partner, Francisco Bachiller and Ana Izquierdo, senior associate and associate respectively. Jesús Palencia, of counsel, advised on the Capital Markets aspects of the transaction.
Orson Alcocer, partner in charge of Real Estate at DLA Piper, commented: “Through our multidisciplinary team, dedicated to the real estate sector, we will be delighted to continue accompanying major investors in their investment strategy.”
Uría Menéndez advised Testa with a team formed by Real Estate & Planning partner Fernando Azofra, Tax partner Víctor Viana, Real Estate & Planning senior associate Javier Villanueva, Tax senior associate Cristina Puerta, and Real Estate & Planning associates Rafael Castillo and Víctor Vecino.
On the other hand, Clifford Chance’s Tax team advised Allianz Real Estate on the tax aspects of the acquisition. The team was led by partner Pablo Serrano de Haro, and counted on associates Julia Villalón, Fernando Escribano and Marta Rodríguez.