Ashurst advises €150M Residential deal in Madrid
Ashurst has provided legal counsel to Savills Investment Management in its joint venture with Greystar, involving a €150 million investment in the acquisition and management of a major residential complex in Madrid.
Located in the Arganzuela district, the project includes 455 residential units spanning approximately 21,000 square meters dedicated to long-term leasing. Additionally, it features 7,000 square meters of shared amenities such as coworking spaces, a swimming pool, a cinema, green areas, and a gym. Ashurst also advised both partners on securing financing for the acquisition through the joint venture entity.
The transaction benefited from Ashurst’s expertise across multiple legal domains. The corporate and real estate advisory work was led by partner Ismael Fernández Antón (pictured) , Román Hierro, and Félix Tirado from the Real Estate team, alongside Isabel Matute, María López Garayalde, and Nerea Sobrón from the M&A team. Financing counsel was provided by partner Irian Martínez (pictured), supported by Manuela Sanz and Javier Altemir from Ashurst’s Global Loans team.
