Thursday, December 7, 2023

Garrigues counsels Vandor on RE acquisition finance in Barcelona

Garrigues has advised Vandor Real Estate Socimi, S.A.U. on the arrangement of a loan with Bankinter to partially finance the acquisition of a Real Estate asset in Barcelona


Vandor Socimi, as part of its strategic growth plan, has acquired one asset
located in Calle Consell de Cent 538, 08013 Barcelona (Spain) for a total
purchase price of €4.8 million. The asset is located in a consolidated residential area of
medium – high level and has a constructed surface of 1,962 m2 and a graphical
surface of 357 m2.

The acquisition of the building has been partially financed by the Company
through the subscription of one loan with mortgage guarantee with Bankinter for a total amount of €3.1 million.

The company joined Euronext in December 2021 and announced in the middle of last year that it has a €200 million investment plan for the coming years to develop its portfolio for the Spanish market.

Garrigues advised Vandor on the financing with a Barcelona office team formed by partners Juan José Berdullas (Real Estate) and Daniel González Pila (Banking & Finance), together with senior associate Alexandra Beltrán (Commercial).

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