Clifford Chance LLP

Real Estate Department

Spain
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What the team is known for Provides full-service real estate advice on issues ranging from the sale or purchase of assets to complex financial restructurings and litigation. Handles top-end transactions across all areas of the real estate market, with proven experience in large-scale shopping centre sales, major sale and leaseback deals or cross-border real estate loan servicing platform transactions. Has notable strength in the Catalan market owing to a strong local team that attracts a steady stream of residential, logistics and office building transactions. Part of an extensive and highly reputed international network, the team is able to work seamlessly with international financial investors in the banking, retail and construction markets on multi-jurisdictional transactions. Works closely with the firm's tax and corporate department to handle complex transactions. Highly adept at advising SOCIMIs on a range of restructuring matters.

Strengths The team is singled out by one client who appreciates its "efficiency, effectiveness and intensity."

Work highlights Acted on behalf of Cerberus in the acquisition of a majority stake in a residential portfolio from Santander.

Notable practitioners

Department head
Carlos Portocarrero
is known for his work representing high-profile banks in a broad range of real estate transactions. A client enthuses: "Carlos is a very strong negotiator," continuing: "He is able to rationalise the approach for both parties. Carlos will find a way to get what we want."