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Sunday, April 14, 2024

Hogan Lovells advises KGAL on BTR acquisition from Neinor

Hogan Lovells has advised German fund KGAL on the structuring of the investment and acquisition of its first residential asset in Spain

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A multidisciplinary team of Hogan Lovells has advised KGAL, a German investment fund, on the acquisition of the residential asset Hacienda Homes, a Built-to-rent building located in Malaga and consisting of 142 homes, as well as commercial premises, parking spaces and storage rooms. Built-to-rent buildings are properties developed for rental exploitation.

The property was developed and sold by Neinor Homes, one of Spain’s leading real estate developers, and marks the first transaction of the residential fund established in December 2022.

Hogan Lovells advised on the Corporate, Real Estate and Tax aspects of the fund in Spain, which has been established to invest in rental residential assets in Europe.

The Hogan Lovells team led by partners Emilio Gómez Delgado (Real Estate) and Javier Gazulla (Tax), and also included Real Estate associates Carlos Sánchez and Paloma Martín, associates, and Tax associate María Santana.

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