Cuatrecasas represented Global Realty Capital in the transaction.
German fund Global Realty Capital (“GRC”) has reached an agreement to acquire the building located at Calle Cavanilles 58 in Madrid for €17 million. The building currently holds the corporate headquarters of Metro de Madrid and has been purchased from its current owner, DOMO Activos Socimi. The building has a total built area of some 4,600 m2 of office space above ground and 729 m2 below ground. The agreement includes an extension of the building’s surface area, which will reach a total of 8,250 m2 built above ground and 3,700 m2 below ground.
This strategic transaction for GRC marks its debut in the Spanish market where it aims to be a leading investment firm in the coming years. The fund has invested over €80 million in different projects in Spain and Portugal since mid-2019.
A Cuatrecasas Real Estate team advised GRC, led by Madrid office partner Joaquín Garaulet (Picture) and associate Erik Serrano, and included the participation of a multi-disciplinary team from Public Law, Commercial and Tax areas with partners Esteban Flores, Diana Rivera and José María Echevarría, together with associates Natalia Pifarré, Álvaro Lucena and Álvaro Domínguez.
Involved fees earner: José María Echeverría – Cuatrecasas; Esteban Flores – Cuatrecasas; Joaquín Garaulet – Cuatrecasas; Álvaro Lucena – Cuatrecasas; Natalia Pifarré – Cuatrecasas; Diana Rivera – Cuatrecasas; Erik Serrano – Cuatrecasas;
Law Firms: Cuatrecasas;
Clients: Global Realty Capital;