Uría & EY advise Allianz on €185m Real Estate acquisition

Uría Menéndez and EY have advised Allianz Real Estate on a €185 million acquisition from Meridia

pjimage 2022 04 13T112320.063Uría Menéndez, as legal advisors, and EY, as tax advisors, have advised Allianz Real Estate, which acts on behalf of several Allianz Group companies, on the purchase from Meridia Capital Partners, of a 29,000 square meter real estate complex known as Sea Towers. This is located on the second line of the sea in the 22@ district of Barcelona and was valued at 185 million euros.

Designed by GCA Architects, Sea Towers is a pioneering real estate complex in terms of innovation and architecture and has achieved several sustainability and wellbeing awards, including the renowned LEED Platinum and WELL Gold certifications.

The Uría Menéndez team advising on the transaction was made up of Diego Armero (pictured top left) (partner, Real Estate), Juan Francisco Falcón (picturerd top right) (partner, M&A-Private Equity), Andrea Sandi (senior associate, Real Estate) and Marta Areces (junior associate, M&A – Private Equity). They had the collaboration of Noemí Blázquez (counsel, Public and Environment) with the urban planning issues of the operation.

The EY team advising on the tax component of the transaction was made up of Ricardo Egea Zerolo (pictured bottom left) (partner) and Carmen Constante Quintanilla (senior manager). The EY Germany Tax team has been made up of Christian Mundel (pictured bottom right) (partner) and Charlotte Graystone (senior manager).

Likewise, Deloitte and Arcadis have advised respectively on the financial and technical aspects of the operation. Meridia, for its part, was advised by J&P Garrigues, S.L.P.

Michael Heron