Summary:
- CMS Albiñana & Suárez de Lezo has advised Westwind Capital on the acquisition from Merkel of a portfolio of student accommodation assets in Spain valued at approximately €141 million.
- The transaction marks Westwind Capital’s entry into the Spanish student residence market and comprises operating and development assets with a combined capacity of close to 1,400 beds.
- The transaction was structured through an M&A process that covered the negotiation of acquisition documentation, management and development agreements for the assets, as well as financing arrangements and a warranty and indemnity (W&I) insurance policy associated with the deal.
Original article:
https://iberianlawyer.com/cms-advises-westwind-capital-on-spanish-pbsa-entry/
