The real estate practice at Ashurst LLP continues to earn praise for its 'extensive knowledge of real estate and commercial matters', advising investors, funds and corporates on restructurings, distressed disposals, NPL/REO mandates and development matters across logistics, residential, student housing, hospitality and commercial assets. Ismael Fernández Antón leads the team with broad experience in zoning, development, financing, construction and transactional matters. Joaquín Macías handles real estate acquisitions, portfolio sales, financing and commercial lease agreements, among other matters. Other noteworthy practitioners include María Antonia de Prada, who excels in urban planning developments, and Román Hierro, who is particularly active in the hotel, leisure, logistics, residential and alternative living segments.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
- ‘The Ashurst team combines extensive knowledge of real estate and commercial matters with a strong work ethic. As a mid-sized company, we find that Ashurst truly appreciates what we can offer and, in return, provides us with excellent service. Román Hierro and Sara Izquierdo stand out for their professionalism and ability to guide transactions efficiently.’
- ‘Honesty in their advice; good management of expectations and timelines, balanced advice, without aiming for counterproductive extremes.’
- ‘They understand their clients’ objectives and align their approach accordingly.’
- ‘They are a team with extensive experience in the real estate market that adapts perfectly to the client’s needs and the specific transaction.’
- ‘Led by Ismael Fernández Antón, the team clearly demonstrates proactivity, with a clear understanding of the client’s objectives, and a strong legal and financial background to successfully complete the transaction.’
- ‘Ashurst’s real estate team is characterised by its cross-functionality and versatility in managing transactions, from the due diligence phase and contract negotiations to closing. They work with absolute efficiency, leveraging synergies with other departments necessary for any transaction in this field (in particular planning and tax).’
Key clients
- Castellana Properties SOCIMI
- Lighthouse Netherlands B.V.
- Culmia (Oaktree's Spanish Real Estate developer)
- Savills IM & Samsung
- Henderson Park
- IGIS Spain
- Round Hill Capital
- Goldman Sachs International
- Aviva Investors
- Panattoni
- August Collection
- Grupo Inmobiliario Delta
Work highlights
Advising Castellana Properties SOCIMI on the acquisition of the Bonaire shopping centre from Unibail-Rodamco-Westfield (URW).
Advised Lighthouse Properties Plc on the acquisition and financing of the Espai Gironès shopping centre in Salt (Girona) for €168m, the Espacio Mediterráneo shopping centre in Cartagena (Murcia) for €135m, and the Alcalá Magna shopping centre in Alcalá de Henares (Madrid) for €93m.
Advising Savills IM on the acquisition of 70% of the target company's shares, by which a joint venture between Savills and Greystar will be created, and on the acquisition of a build-to-rent residential asset (consisting of 455 residential units, 455 parking units and 455 storage units) through a forward purchase agreement.
Lawyers
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.
Leading associates
Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.
Román Hierro
Practice head
Ismael Fernández Antón
Other key lawyers
Joaquín Macías; María Antonia de Prada; Román Hierro; Sara Izquierdo; Félix Tirado