spot_img
Monday, May 20, 2024

Garrigues, KPMG Abogados advise on Brookfield-Logistik RE JV

Garrigues has advised Brookfield while KPMG Abogados has counselled Logistik on the launching of a joint venture to invest €500 million in logistics projects in Spain and Portugal

-

Brookfield is joining forces with Logistik Service to create a joint venture to invest €500 million in Spain and Portugal. This new alliance, which will allow both companies to develop a significant logistics portfolio, will focus on acquiring and developing projects in both markets.

The initial portfolio will include several projects under construction located in prime logistics areas and will comprise close to 600,000 m2. Brookfield will be the majority shareholder, while Logistik Service will act as local operator and portfolio manager, according to Expansión.

Brookfield’s global real estate portfolio includes assets in the office, retail, logistics, hotel and residential sectors on five continents. In Europe, it manages $40 billion (€35.8 billion) in real estate assets, including its investment in Livensa Living, Iberia’s student accommodation platform.

In its commitment to Spain, Brookfield bought four Selenta hotels with more than 2,200 rooms in Barcelona, the Costa del Sol and Tenerife last year from the Mestre family for €440 million.

Logistik Service, for its part, is consolidating its presence in the real estate market by identifying investment opportunities, developing them and subsequently managing the resulting portfolio.

KPMG Abogados´team was led by Real Estate partner Carlos Bardavío. The firm advised Logistik on the JV creation, and will be advising the company as an investor and projects manager in the coming years.

Garrigues’ team advising Brookfield was led by partner Juan José Berdullas along with associate Arturo Gutiérrez.

- Advertisement -spot_img
- Advertisement -spot_img

MOST READ NEWS

KPMG Abogados promotes nine to director 

The promoted are the following: Manuel Gil Customs and excise. Indirect Taxation. Ramón Mouriño Legal Labour Sergi Muñoz Global Transfer Pricing Services  Nadia Batiukova Legal Financial Services Manuel Aguilar Legal Financial Services Alberto Martín Corporate Tax...

PLL counsels Santander Consumer on DBRS Morningstar and Moody’s credit note issuance

DBRS Ratings GmbH (DBRS Morningstar) assigned provisional credit ratings to the following classes of notes to be issued by Santander Consumer Spain Auto 2023-1...

Bird & Bird adds Financial Law partner

Fernando Gutiérrez has more than 17 years of experience in his speciality. His practice focuses, on the one hand, on financings of all types...
spot_img
spot_img
spot_img
spot_img
- Advertisement -spot_img
error: