Rivoli and Sprea acquire AireSur in Seville for €80M: advisors
Garrigues has advised Rivoli on the acquisition of the AireSur shopping centre in Seville from CBRE Investment Management (CBRE IM) for approximately €80 million. Gómez-Acebo & Pombo acted as legal advisor to the pool of lenders. Ashurst advised CBRE Investment Management and Nationale-Nederlanden on the sale of the asset, which was structured as an asset deal and carried out through a competitive process. The acquisition was carried out by Rivoli together with Santander private banking clients (through Sprea).
The shopping centre, located in Castillejo de la Cuesta on the outskirts of Seville, has a gross lettable area of 21,464 square metres and is situated close to Seville’s only Ikea. In 2024, AireSur recorded 3.7 million visitors. Since 2020, the centre has posted average annual growth of 11.5% in footfall and 16.9% in sales.
On Garrigues’ side, the team included Juan José Berdullas Pomares, partner in real estate; Daniel González Pila, partner in finance; Javier Alvarenga Pinel, principal associate in real estate; Alexandra Beltran Fabregat, principal associate in corporate; and Aitor Fernández Neira, senior associate in corporate.
The Ashurst team was led by Ismael Fernández Antón, partner, with the support of Román Hierro (senior associate), Julia Lorenzo and Lucía Ruíz (real estate), as well as Ricardo García-Borregón (partner), Carlos Campón and Nicole Ciferni (tax). The advice covered real estate (due diligence and transaction), tax (indirect taxation and due diligence) and IP (due diligence and transaction).
In the picture, Ismael Fernández Antón and Ricardo García-Borregón.
