Ashurst guides Castellana in €108M shopping centre acquisition
Ashurst has advised Castellana Properties on the €108 million acquisition of the company owning the Berceo shopping centre in Logroño. Pérez-Llorca acted as legal advisor to the seller.
The acquired centre serves a catchment area of 365,000 inhabitants and is the only major retail offer within a 100-kilometre radius, attracting visitors from Logroño and surrounding provinces. It is located in an area with above-average per capita income, low unemployment, and a strong industrial presence. Castellana Properties highlights that the transaction—advised by Variant Real Estate and Cushman & Wakefield—covers a total of 34,416 square metres of SBA out of a total 49,416 square metres.
On Ashurst’s side, the team was led by Ismael Fernández Antón (partner, real estate, pictured), with support from Javier Hernández Galante (partner, tax), Tannia Rodríguez (counsel, corporate M&A), Beatriz Aizpún (associate, corporate M&A), María Antonia de Prada (senior associate, real estate), and Carlos Campón (associate, tax).
