Uría and Freshfields advise on Metrovacesa-Merlin merger

Uría Menéndez advised Metrovacesa on its merger with Merlin Properties, a deal that will create the largest real estate investment trust in Spain.

 

Merlin Properties instructed Freshfields Bruckhaus Deringer on the link-up.

The resulting entity will own the largest diversified property portfolio in Spain, which includes significant interests in the Madrid and Barcelona office market as well as in shopping centers.

Once the integration is completed, the company will reach a “pro-forma GAV [gross asset value] of €9.3 billion, NAV [net asset value] of € 4.9 billion and annual gross rents of €450 million”, a Merlin Properties statement said.

It added that Metrovacesa would also combine its “multifamily rented residential portfolio” with Testa Residencial, a subsidiary of Merlin, to create a portfolio with more than 4,700 units under management, a pro-forma GAV of €980 million, NAV of €617 million and annual gross rents of €35 million.

Uría and Freshfields advise on Metrovacesa-Merlin merger

Ben Cook

iberianlawyer.com

Iberian Lawyer, is a monthly digital magazine, published by LC Publishing, available in Spanish and English. It represents the main source of information in the legal business sector in Spain and Portugal. The digital magazine – and its portal – address to the protagonists of law firms and in-house lawyers. The magazine is available for free on the website and on Google Play and App Store.

In every issue of the magazine, you will find rankings of lawyers, special report on trends, interviews, information about deals and their advisors.

For further information, please visit the Group’s website www.lcpublishinggroup.com

Iberian Lawyer
Registered office: C/ Manuel Silvela, 8 - Oficinas 1 Dcha 28010 Madrid España

Copyright 2022 © All rights Reserved. Design by Origami Creative Studio

SHARE

Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram