Grupo Lar and J.P Morgan team up to invest €600m in flexible accommodations in Spain: Advisors
Grupo Lar and J.P. Morgan Asset Management formalize a strategic alliance to invest €600 million in flex living in Spain. This joint venture aims to develop a flex living platform with more than 5,000 units in Madrid, Barcelona, Valencia and Malaga, which seeks to respond to new ways of living, working and moving in urban environments.
The first development will be located in San Sebastián de los Reyes (Madrid) and will have 500 fully furnished and fully serviced units.
An operation that reinforces Grupo Lar’s position as a benchmark for innovative solutions in the Spanish living market.
Advisors
Uría Menéndez has advised on this transaction. The M&A team advising JP Morgan was formed by Ignacio Klingenberg (partner), José Javier Ariza (associate) and Rocío Ruiz-Gallardón (associate).
On the other hand, the firm has also advised Grupo Lar, with a team from the M&A department formed by Iván Abad (partner), Carlos Anchel (associate), José Sánchez Rufino (associate). In turn, a tax team formed by Luis Suárez de Centi (counsel) and Carlos Arrieta (associate).
Pérez-Llorca has also advised J.P Morgan in this transaction with a team formed by José Azqueta (partner), Sergi Aguilar (associate) and Javier García (associate).
