GA_P advises Avalon Properties on one of the largest Build to Rent transactions of the year

Gómez-Acebo & Pombo has advised Avalon Properties on the acquisition from Amenabar of 5 residential property developments for rent in Vallecas, Madrid, with a total of 300 homes.

This is one of the main Build to Rent (BtR) transactions of the year in Spain, closed at a particularly complex time due to the inflationary pressure on construction prices and the problems in the supply of materials, which have caused a slowdown in this type of transaction. This acquisition is expected to boost the reactivation of BtR operations.

Advising on the transaction were: Enrique Isla, Natalia Callejo, Marta González-Llera, Gema del Rio and Javier Rabena, GA_P Real Estate partner and associates; and Dámaso Riaño, legal manager of Avalon Properties.