EY and Cuatrecasas on a financing to Madrid Playa Surf
EY Abogados has advised Buenavista Equity Partners on the financing granted to Madrid Playa Surf for the development of an artificial surf lagoon. The project is backed by European funds channelled through Buenavista NextGen Urbano, designated by the European Investment Bank to manage part of the resources from the Regional Resilience Fund under Spain’s Recovery, Transformation and Resilience Plan, financed by NextGeneration EU. Cuatrecasas has advised Madrid Playa Surf on this transaction.
The project, which forms part of the new so-called Ciudad del Deporte promoted by Club Atlético de Madrid in the surroundings of the Riyadh Air Metropolitano Stadium, “will deliver a unique sports and leisure destination, featuring the largest urban beach in Europe and incorporating the most advanced and sustainable wave-generation technology currently available on the market”, states EY.
On EY’s side, the transaction was led by Guillermo Crespo Gómez (pictured), partner in the Banking & Finance department at EY Abogados, together with senior associate Javier Andueza López-Jacoiste and associate Alejandro Beltrán Miguel. Jorge Garín Pérez, manager at M&A department, was also involved.
Cuatrecasas’ team was coordinated by Manuel Follia, partner, together with associates Víctor Utges and Cristina Poy, from the banking and finance team.
