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GA_P advises AEDAS Homes in a joint venture with King Street to develop build to sell homes
6 February, 2024
Gómez-Acebo & Pombo has assisted AEDAS Homes in its joint venture with King Street to develop homes for sale to private individuals (Build To Sell or BTS) for a value of 270 million euros. The transaction includes the acquisition by the JV of a portfolio of seven BTS projects (682 homes) for ¤150 million and the remaining ¤120 million is expected to be used, within a maximum period of 18 months, for new investments in residential land in Spain.
The GA_P team was formed by Enrique Isla, partner of the Real Estate practice, Miguel Ángel Melero, of counsel of the Commercial practice, Remedios García, of counsel of the Tax practice, Jaime Hidalgo, José Ramón Pérez Álvarez-Robles and Javier Marroquín, associates of the Real Estate practice.
The GA_P team was formed by Enrique Isla, partner of the Real Estate practice, Miguel Ángel Melero, of counsel of the Commercial practice, Remedios García, of counsel of the Tax practice, Jaime Hidalgo, José Ramón Pérez Álvarez-Robles and Javier Marroquín, associates of the Real Estate practice.
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