Greystar Makes Strategic Acquisition of Spain's Second Largest Flex Living Portfolio
Deal News | Jan 07, 2025 | Iberian Lawyer
Greystar, a prominent global real estate and rental housing company, has completed the acquisition of Spain's second-largest flex living portfolio. The deal, valued at approximately €300 million, encompasses three complexes located in Alcobendas (Madrid), Barakaldo (Vizcaya), and Sant Cugat del Valls (Barcelona). This acquisition includes 1,800 units and signifies a significant investment in the Spanish property market by Greystar. Jones Day's team, led by a multidisciplinary and cross-office group of real estate and corporate law experts, provided comprehensive legal advice on the transaction. The team included members from offices in Madrid, London, and Amsterdam, showcasing a collaborative international effort to support this landmark deal.
Sectors
- Real Estate
- Legal Services
Geography
- Spain – The acquisition involves properties located in three major regions of Spain: Madrid, Vizcaya, and Barcelona, highlighting the geographic focus of the investment.
- United Kingdom – Jones Day's legal team included members based in London, indicating cross-country collaboration.
- Netherlands – Jones Day's legal team also included members based in Amsterdam, showcasing the involvement of multiple international offices.
Industry
- Real Estate – This acquisition concerns the real estate industry, specifically involving the ownership and management of flex living spaces.
- Legal Services – Jones Day, a law firm, provided legal advisory services which played a crucial role in this transaction.
Financials
- €300 million – The investment amount involved in the acquisition of the second-largest flex living portfolio in Spain.
- 1,800 units – The total number of units included in the acquired flex living portfolio.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Greystar | Acquiring Company | Company | A global leader in rental housing, specializing in acquiring and managing residential properties. |
| Jones Day | Legal Advisor | Company | An international law firm that provided multi-jurisdictional legal assistance for this transaction. |
| Javier Muoz Mndez | Lead Real Estate Partner | Person | Led the Jones Day team offering legal expertise in real estate for this transaction. |
| Blanca Puyol | Corporate Partner | Person | A corporate partner at Jones Day providing corporate law expertise. |
| Laura Pembridge | Corporate Partner | Person | A corporate partner based in London providing legal advice on the deal. |
| Ivn Martn-Barbn | Real Estate Finance Partner | Person | A finance partner offering real estate finance expertise on the transaction. |
| Emily Stew | Real Estate Finance Partner | Person | A London-based partner involved in real estate finance aspects of the transaction. |