GA_P advises ACR Grupo on the sale of a selection of assets (and associated liabilities) to Aedas Homes

Gómez-Acebo & Pombo has advised ACR Grupo, through its subsidiary Áurea Ibérica Promoción, S.L.U. (“Áurea”), on the sale to Aedas Homes of a selection of assets (and associated liabilities) of its real estate division, for a total price of 50 million euros.

The acquisition by AEDAS includes, among other assets, a number of holdings in twelve (12) subsidiaries of Áurea, which are currently developing eight (8) real estate developments and own seven (7) finalist plots of land. The transaction represents the acquisition of a land bank, as well as ongoing projects, for a total of 679 homes in Madrid, Pamplona, Vizcaya, Seville and Valladolid.

The GA_P team was formed by: Enrique Isla, partner of the Real Estate area, Valentina Rodríguez, of counsel of the Corporate area, Natalia Callejo and Clara González-Páramo, associates of the Real Estate area.