Jamestown Sells Las Rosas Shopping Center to Arkea REIM
Deal News | Mar 04, 2025 | Iberian Lawyer
Dentons' Spain Real Estate team has advised Jamestown on its sale of the Las Rosas Shopping Center in Madrid to Arkea Real Estate Investment Management (REIM), part of Arkea Group, through its SOCIMI, Transitions Europe. The sale underscores the persistent interest in Spanish real estate from international buyers and is part of Jamestown's strategic portfolio management. The deal was executed by a Dentons team led by partner Itxaso López, with senior associate Manuel de Cueto, associate Carlota García Ovies, and tax advisory under partner María Cortizas. This transaction sees Arkea REIM fortifying its presence in the Spanish market.
Sectors
- Real Estate
- Legal Services
- Investment Management
Geography
- Spain – The transaction involves a major real estate asset, Las Rosas Shopping Center, located in Madrid, Spain.
- United States – Jamestown, a global real estate investment firm, originates from the United States, adding international scope to the transaction.
Industry
- Real Estate – The article involves the sale of a shopping center, a significant real estate asset, reflecting activity in the real estate market.
- Legal Services – Dentons, a legal firm, played a critical role in advising on the transaction, highlighting the involvement of legal services in real estate deals.
- Investment Management – Both Jamestown and Arkea REIM are involved in investment management, underlining the sector's relevance to the transaction.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Dentons | Legal Advisor | Company | Dentons' Spain Real Estate team advised Jamestown on the sale of Las Rosas Shopping Center. |
| Jamestown | Seller | Company | Jamestown is a global real estate investment and management firm selling Las Rosas Shopping Center. |
| Arkea Real Estate Investment Management (REIM) | Buyer | Company | Arkea REIM, via its SOCIMI Transitions Europe, acquired Las Rosas Shopping Center, expanding its footprint in Spain. |
| Itxaso López | Partner, Transaction Lead | Person | Dentons partner who led the transaction. |
| Manuel de Cueto | Senior Associate | Person | Collaborated on the transaction at Dentons. |
| Carlota García Ovies | Associate | Person | Collaborated on the transaction at Dentons. |
| María Cortizas | Partner, Tax Advisory | Person | Led the tax-related aspects of the transaction at Dentons. |
| Diego Carrera | Senior Associate, Tax Advisory | Person | Advised on tax aspects of the transaction at Dentons. |