Cuatrecasas advised All Iron on the deal.
The investment group All Iron executed the acquisition of a historical building on calle Ledesma, 5, in Bilbao—one of the busiest streets in the city—for €5.1 million. All Iron will build 45 serviced apartments for short- and medium-term stay in the five-story building occupying 2,000 square meters. Thanks to this acquisition in the Abando district, prime area in Bilbao, the REIT All Iron will reinforce its position in the city.
The building, located at 5 Ledesma Street, has a total surface area of 1,954 square metres distributed over five floors. In addition, the building has an interior courtyard and a basement with parking spaces.
Cuatrecasas advised All Iron with a team incuding lawyers José Ramón Berecibar (Picture), Javier Díaz, Santiago Bayo, José Ahedo, Ignacio Ortiz de Urbina and Ander Barruetabeña.
Involved fees earner: José Ahedo – Cuatrecasas; Ander Barruetabeña Anchustegui – Cuatrecasas; Santiago Bayo Sevilla – Cuatrecasas; Jose Ramón Berecibar – Cuatrecasas; Javier Díaz – Cuatrecasas; Ignacio Ortiz de Urbina – Cuatrecasas;
Law Firms: Cuatrecasas;
Clients: All Iron Ventures;