Castellana Properties SOCIMI’s €36.8 Million Acquisition Of Two Shopping Centres In Spain

Ashurst advised Castellana Properties SOCIMI on the acquisition from Spanish largest department store El Corte Inglés of certain properties located in two shopping centres in Spain, known as Los Arcos (in Sevilla) and Bahía Sur (in Cádiz) for a total price of 36,800,000 Euros.

Castellana Properties SOCIMI, S.A. operates as a real estate investment trust (REIT). The Company focuses on the acquisition, development, and refurbishment of urban retail real estate assets for rent. Castellana Properties serves customers in Spain.

The Ashurst team was led by real estate and tax partners Ismael Fernández Antón (Picture) and Javier Hernández Galante, assisted by counsel Joaquín Macías and associates Paula Quintillán, Laura Sánchez and Carmen García on the real estate aspects of the transaction and by senior associate Ricardo García-Borregón and associate Juan de la Lastra on the tax aspects of the transaction.

Involved fees earner: Juan de la Lastra – Ashurst; Ismael Fernández Antón – Ashurst; Javier Hernández Galante – Ashurst; Carmen García – Ashurst; Ricardo García-Borregón – Ashurst; Joaquín Macías – Ashurst; Paula Quintillán – Ashurst; Laura Sanchez – Ashurst;

Law Firms: Ashurst;

Clients: Castellana Properties Socimi;