Giménez Torres Abogados advices Royal Metropolitan, Spanish real estate investor.

We have advised Royal Metropolitan, a Spanish real estate investor and asset management, in transaction with a total value of € 46 million, closed last week.

Our work focused on the drafting and negotiation of the transaction documents for the divestment of an office building in the centre of Madrid, CBD (Castellana/Barrio de Justicia area), whose acquirer, an investment fund, is going to change its use to residential.
This building is currently used as offices, fully leased and occupied by first class companies, and we have been successful in coordinating and negotiating its vacancy so that the buyer can develop the refurbishment project and conversion of the asset to residential use.
Our team has been led by our partner Enrique Gutiérrez de Terán head of our Retal Estate practice.

We have longstanding experience in all kinds of real estate transactions (purchases and sales of both real estate assets and investment vehicles, contributions, leases, purchase and sale of projects – forward purchases, etc.), for all client profiles (funds and venture capital, private individuals, family offices, international, institutional and equity investors, developers and financiers, builders, consultants and real estate practitioners, such as architects, engineers, project managers and estate agents), with respect to all types of property (office, residential, industrial, tertiary, land, ongoing developments, main residences and second homes, turnkey projects, real estate asset portfolios, etc.) and at all stages of the building process (land acquisition, planning and management, construction and marketing of the finished product).

Madrid, 6 November, 2024.