Pérez-Llorca and Ashurst have advised on the purchase from Culmia of a development of 129 affordable rentals in Badalona by CBRE IM.
Pérez-Llorca has advised CBRE IM which buys a development of 129 affordable rentals in Badalona from Culmia.
The Pérez-Llorca team advising on this deal was formed by (pictured from left to right) Alejandro Osma, Corporate partner; José Ángel Nabal, Corporate lawyer; Aurora Vázquez, Corporate lawyer and Yi Zhou, Tax lawyer.
Ashurst Madrid has advised Culmia. The team advising on this transaction has been led by the managing partner of the real estate law department Ismael Fernandez Antón, together with the lawyers of the real estate team Sara Izquierdo (associate) and Pedro Montero (junior associate), as well as the tax law counsel Jorge Ramirez.
This project will offer 129 flats at affordable prices for young professionals, families and senior citizens. It will also include 5% social housing.
The project consists of two buildings with two-, three- and four-bedroom flats of between 78 and 182 square metres. Each property has a communal rooftop swimming pool and the flats have terraces.