Frux Capital Refinances Portuguese Retail Parks with Uría Assistance
Deal News | Jan 21, 2025 | Iberian Lawyer
Uría Menéndez provided comprehensive legal advisory services to Frux Capital in the refinancing of a series of retail parks owned by the Sertorius Closed Real Estate Investment Fund, managed by Fundbox, in Portugal. These retail parks are located in Famalicão, Setúbal, Vila Nova de Gaia, and Viseu. The refinancing was structured through a bond issuance by the Fund, with an initial issuance value of 23.6 million euros. Uría Menéndez's services encompassed all stages of the transaction including due diligence, negotiation, and structuring of the bond issuance. The law firm's team was led by David Sequeira Dinis and José António Reymo Nogueira, and involved a number of key associates, as well as coordination from partners in their real estate division. Fundbox received legal advice from Cuatrecasas.
Sectors
- Real Estate
- Financial Services
- Legal Services
Geography
- Portugal – The refinancing transaction involves retail parks located in various cities across Portugal.
Industry
- Real Estate – The article focuses on the refinancing of retail parks, which is a key component of the real estate sector.
- Financial Services – Involves refinancing through a bond issuance, an activity within the scope of financial services.
- Legal Services – Involves multiple legal advisory roles from firms like Uría Menéndez and Cuatrecasas in structuring the transaction.
Financials
- 23.6 million euros – The initial issuance value of the bond for refinancing the retail parks.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Frux Capital | Client | Company | The company refinancing its assets in Portugal through a bond issuance. |
| Uría Menéndez | Legal Advisor | Company | Provided legal advisory services for the refinancing transaction for Frux Capital. |
| Sertorius Closed Real Estate Investment Fund | Target | Company | The fund owning the retail parks involved, managed by Fundbox. |
| Fundbox | Fund Manager | Company | Manager of the Sertorius Closed Real Estate Investment Fund, advised by Cuatrecasas. |
| Cuatrecasas | Legal Advisor | Company | Provided legal advisory to Fundbox. |
| David Sequeira Dinis | Partner, Litigation | Person | Lead partner for Uría Menéndez on this project. |
| José António Reymo Nogueira | Principal Associate, Banking and Finance | Person | Key associate in the banking and finance role for Uría Menéndez. |
| Rita Xavier de Brito | Partner, Real Estate | Person | Coordinated real estate legal aspects for Uría Menéndez. |