Ramón y Cajal advises on the launch of ORES Germany
Ramón y Cajal Abogados has advised Bankinter Investment on the structuring and marketing to investors of Ores Germany, a new investment vehicle launched together with its Portuguese partner Sonae Sierra and aimed at investments in retail space in the German market.
ORES Germany currently comprises eight large-scale retail properties, four of which are supermarkets and four DIY stores, thus configuring a defensive and resilient asset portfolio that can withstand different economic cycles. All assets have long-term leases with top-tier operators in the food and DIY sectors in Germany, such as Edeka, Rewe, Aldi and Obi. The total investment volume of the vehicle amounts to EUR 200 million.
It provides its institutional investors with access to high-quality retail real estate in the German market, while offering high cash flow visibility, generating a recurring and stable return from the first year of investment. Bankinter Investment will manage the vehicle while Sonae Sierra, already present in the German market, will manage the portfolio.
Partners Alfonso Carcamo and Miguel García Stuyck have led this operation in which the tax partner, Luis Rodríguez-Ramos Ladaria, has also participated.
