Ares acquires retail parks from Castellana for €279M: advisors
Ares Real Estate funds have acquired, through a share deal, nine retail parks from Castellana Properties Socimi for €279 million. The portfolio comprises a total gross lettable area (GLA) of 174,305 square metres. Linklaters advised the buyer on the legal aspects of the transaction, alongside EY as financial adviser and Deloitte as tax adviser. Ashurst acted for Castellana Properties.
The portfolio includes Parque Principado (Asturias), Granaita and Motril (Granada), Parque Oeste (Madrid), La Heredad and La Serena (Badajoz), Ciudad del Transporte (Castellón), Marismas del Polvorín (Huelva) and Pinatar Park (Murcia).
On Linklater’s side, advisors involved in this transaction were partner Adolfo Guerrero, managing associate Juan Vera and associate Javier Marroquín, from the real estate department; as well as partner Alejandro Meca, and managing associate Carlos Olmedo, from tax.
On Ashurst’s side, the transaction was led by Pedro Ester (partner, corporate M&A), with the support of Ismael Fernández Antón (partner, real estate), Javier Hernández Galante (partner, tax), Tannia Rodríguez (counsel, corporate M&A), Beatriz Aizpún (associate, corporate M&A), María Antonia de Prada (senior associate, corporate M&A) and Carlos Campón (associate, tax).
Pictured, from left to right, Adolfo Guerrero, Alejandro Meca and Pedro Ester.
