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Wednesday, May 31, 2023
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Garrigues advises RoundShield on retail RE sale in Zaragoza

Garrigues has advised RoundShield Partners on its sale of the premises, the business centre and part of the offices of Puerta Cinegia shopping centre in Zaragoza to two private investors

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Private investors have acquired the premises, the business centre and part of the offices of Puerta Cinegia shopping centre in Zaragoza from RoundShield Partners.

The deal comprises almost 9,000 square metres of the complex built by the Aragonese construction company Ortiz Dieste (Ordisa) two decades ago and which was in the hands of an English fund, RoundShield.

The contracts have been closed in the last few weeks and have also involved the sale of the car parking to Indigo, as reported by Legal Dealmaker on March 1. In this case, it was acquired by the French multinational Indigo.

The largest deal that Roundshield has closed on Puerta Cinegia corresponds to the premises, the gastronomy area and the business centre, acquired by Pedro José Giménez Lombar. In total, 7,062 square metres distributed between the ground, first and second floors of the complex. The changes in ownership have not affected the tenants or the business model. Fernando Samper has taken ownership of a further 1,642 square metres of office space. Most of the surface area corresponds to the rented premises occupied by his own renewable energy development company, Forestalia.

Garrigues advised RoundShield Partners as seller in the transaction with Pedro José Giménez Lombar, with a team made up of Barcelona office partner Juan José Berdullas and Zaragoza principal associate Antonio Ciprés.

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