Iroko Zen Expands Portfolio with Parque Guadaíra Acquisition
Deal News | Jul 17, 2025 | Addleshaw Goddard
Addleshaw Goddard has successfully advised French real estate investment trust (REIT), Iroko Zen, on its acquisition of Parque Guadaíra, a sizable commercial space located in Seville, Spain. The property was purchased from Principal for over €26 million. Accompanying this acquisition, Iroko Zen aims to enhance its retail and food sector presence by diversifying its commercial offerings. Parque Guadaíra spans 32,200 square meters and houses over 17 brands across different sectors. The legal team from Addleshaw Goddard featured key contributions from partner José Antonio Calleja and several associates. Previously, Addleshaw Goddard also assisted Iroko Zen in acquiring an industrial warehouse in León from Abrdn European Logistics Income.
Sectors
- Real Estate
- Legal Services
- Retail
Geography
- France – Iroko Zen, the acquiring company, is based in France.
- Spain – The acquired property, Parque Guadaíra, is located in Seville, Spain.
Industry
- Real Estate – The article discusses a real estate transaction involving the acquisition of a commercial property by a French REIT.
- Legal Services – Addleshaw Goddard, a law firm, provided advisory services in the transaction.
- Retail – The acquired property hosts over 17 brands in the fashion, catering, and food sectors.
Financials
- 26 million – The transaction value of the acquisition of Parque Guadaíra by Iroko Zen.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Iroko Zen | Acquirer | Company | A French REIT acquiring commercial real estate to expand its portfolio. |
| Principal | Vendor | Company | The previous owner of Parque Guadaíra, who sold the property to Iroko Zen. |
| Addleshaw Goddard | Legal Advisor | Company | A law firm providing advisory services for the acquisition. |
| José Antonio Calleja | Lead Legal Advisor | Person | Partner at Addleshaw Goddard who led the legal advisory team. |