Axiare’s Merger with Colonial

Cuatrecasas advised Axiare Patrimonio on the deal

Integration of companies leads to real estate asset portfolio worth over €11 billion

The general meeting of shareholders of real estate investment funds Axiare Patrimonio Socimi and Inmobiliaria Colonial have approved the merger of the two companies.

The merger is the culmination of the takeover bid Colonial launched on Axiare at the start of the year when it acquired 87% of Axiare.

With this merger, Colonial will take on an asset portfolio worth over €11 billion, becoming the leading group owning real estate in the Spanish office rental market and one of the main groups in the European market.

Cuatrecasas advised Axiare Patrimonio on this transaction through a team from the Corporate and Commercial Practice made up of partners Miguel Trías (Picture) and Gerard Correig, and associate Guido S. Adlaoui.

 

Involved fees earner: Miguel Trías – Cuatrecasas; Gerard Correig – Cuatrecasas;

Law Firms: Cuatrecasas;

Clients: Axiare Patrimonio SOCIMI, S.A.;