Cuatrecasas and Chiomenti advised Ardian on the deal.
French investment fund Ardian has closed its first real estate transaction in Spain with the off-market purchase of an office building in Madrid.
The office building, located near Madrid’s AZCA area, is occupied by a single institutional tenant and has approximately 10,000 sq m of rental space and over 150 parking spaces.
The investment was made through a dedicated investment platform controlled by a closed-end real estate fund, owned by Ardian and managed by Prelios.
Ardian is a world-leading private investment house with assets of US$112bn managed or advised across Europe, the Americas and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base.
A Cuatrecasas team which included Pedro Amat, Brígida Galbete, Gerard Correig, Ana Gamazo, Alessandro Jones and Claudio Hoyos advised on the design and implementation of the investment structure.
Involved fees earner: Pedro Amat – Cuatrecasas; Gerard Correig – Cuatrecasas; Brígida Galbete – Cuatrecasas; Ana María Gamazo – Cuatrecasas; Claudio Hoyos – Cuatrecasas; Alessandro Jones – Cuatrecasas;
Law Firms: Cuatrecasas;