DLA Piper has advised HIG Capital on the acquisition of two office buildings and a hotel in Madrid.
The acquired properties are located on Calle Bausá in Madrid (in the Arturo Soria area) and have a total area of 20,000 square meters, which will be used by HIG Capital for the development of a development project of 267 residential units for sale and rent.
The law firm has advised HIG Capital in all phases of the transaction, from the initial structuring, through the due diligence process of the assets to the negotiation and formalization of the closing documents.
The advisory team consisted of Jose María Oliva Domínguez, partner, Ángel Maestro Martí, legal director, and Pablo Gamboa Gámez, associate, all from real estate, and Miguel Baz Baz and María Alonso Roces, partner and counsel respectively from tax. Jesús Zapata, managing partner, Nerea Cemlyn-Jones, counsel, Alberto Rubio, senior associate, and Antonio Olarte and Santiago González, associates, of financing, projects and restructuring, advised on the financial aspects of the transaction.