Belda Bordón & Merodio advises on Madrid PBSA deal
Belda Bordón & Merodio Abogados has advised Eastborough Partners and Aguirre Investment Management (AIM) on the acquisition of a purpose-built student accommodation (PBSA) asset in central Madrid, carried out through a newly established joint venture between the two firms.
The transaction marks Eastborough Partners’ first PBSA investment in Spain. The joint venture has acquired a late 19th-century building located near Gran Vía, in the centre of the Spanish capital. The property will undergo a repositioning project involving a significant capital investment aimed at increasing its capacity from 72 to 116 beds.
The team
The Belda Bordón & Merodio team was led by Sergio Merodio, Partner in the Real Estate practice, and Javier Bordón, partner in the tax practice.
