King Street JV with AEDAS Homes: The Advisors
Aedas Homes and the US fund King Street have signed an agreement to invest up to 270 million euros in new housing development in Spain. Among others law firms, Allen & Overy has successfully advised King Street Capital Management, a privately owned alternative asset manager based in New York City, on its joint venture with AEDAS Homes.
Both companies have formed a joint venture, majority owned by King Street, with the objective of completing and developing housing developments in the medium and high end segment for sale to private individuals in Spain’s main markets.
The Advisors
In signing this agreement, Aedas Homes has been advised by Deloitte and Gómez-Acebo & Pombo, while King Street has been advised by Uría Menéndez, Almar Consulting and Allen & Overy‘s dedicated team, composed by real state partner Santiago de Vicente (pictured left) and Lina Kondrushkina playing instrumental roles in facilitating the successful collaboration between both companies.
From Uría Menéndez, the matter has been led by partner Iván Abad (pictured right) with the support of associate Luis Molina. Other lawyers have also participated in the operation, such as Gabriel Rodríguez, María Llosá and Enrique Hepburn in real estate aspects; Joana Coll in structure and taxation issues; Esperanza Cots in urban planning matters; and in addition to the above, Joan Andreu and Helena Citores during the legal due diligence phase on the assets.
