CMS Spain advises Cordia on €37.5m RE financing

CMS Albiñana & Suárez de Lezo has counselled Grupo Cordia, subsidiary of Hungarian group Futureal, on the financing for the construction of the “Jade Tower” residential complex in Costa del Sol

CMS Spain advised on the negotiation and subscription of a developer loan granted by Banco Sabadell for the construction of a complex of 116 newly constructed apartments located in Fuengirola (Málaga), known as “Jade Tower”, for a value of €37.5 million.

Jade Tower, a project that includes the construction of 116 luxury flats, from 100 to 430 square metres, between Santa Amalia Avenue and Méndez Núñez Street, 100 metres from the beach, built with the BREEAM seal, the highest certification and guarantee of energy efficiency.

The project will have homes ranging from 100 to 430 square metres, from one to three bedrooms, with parking space, coworking space, spa, gym, outdoor salted swimming pool, gastro bar and communal cinema.

CMS Spain team was led by Real Estate partner Javier Colino (pictured left), who counted on the support of Financial Markets & Services senior associate Marta González (pictured top right) and associate Víctor Sanjuán (pictured bottom right).

Desire Vidal