Watson Farley & Williams acts for bank syndicate on Redevco shopping centre financing

Watson Farley & Williams (WFW) advised a syndicate of lenders – comprising Bankia, CaixaBank and Spanish government-owned SAREB – on the financing of Redevco Iberian Ventures’ acquisition of a majority stake in the Parque Corredor shopping centre in Madrid.


Under the terms of the deal, Redevco Iberian Ventures – a joint-venture between Redevco and Ares Management – acquired a 70 per cent stake in the shopping centre. 

Parque Corredor shopping centre has more than 180 stores and 123,000 square metres of commercial space.

The WFW team advising on the transaction was led by partner Pablo San Gil, and included associates Aranzazu Arizcun and Ignacio Cacho.

Ben Cook