Known for its handling of real estate investments, Linklaters advises on real estate M&A, joint ventures, restructurings, and asset deals concerning offices, hotels, student housing, logistics and shopping centres. Practice head Adolfo Guerrero focuses on real estate transactions, acting for a varied client base of financial sponsors and institutional and private equity investors. Santiago Alfonsetti specialises in corporate and real estate deals, while Rosario Bernáldez advises on real estate acquisitions, refinancings and planning-related issues. Gabriel Cabello left the firm in June 2025.
Legal 500 Editorial commentary
Accolades
Client satisfaction: Lawyer & team quality
Client satisfaction: Billing & efficiency
Client satisfaction: Sector knowledge
Client satisfaction: NPS ®
Testimonials
Collated independently by Legal 500 research team.
- ‘The Linklaters team in Spain demonstrated an extraordinary ability to structure highly complex contracts within very tight deadlines. Under the leadership of Santiago Alfonsetti, they successfully designed and negotiated all the platform's main contracts. They did so under intense time pressure and with multiple counterparties, ensuring legal consistency across a patchwork of documents that later proved essential for the sale.'
- ‘Santiago Alfonsetti stands out for his work ethic and comprehensive vision of the transaction: he combines technical detail with the ability to maintain a global perspective on the deal, something fundamental when the team's resources were limited. His determination and personal commitment are also noteworthy, allowing him to successfully navigate long and technically complex negotiations with composure and consistency.
- ‘The Linklaters real estate team is very well established. They've worked together for years, which is a real advantage when reporting to clients. This internal harmony is evident in every email. They operate efficiently and systematically, adapting to unexpected challenges in transactions, offering business solutions, and always demonstrating flexibility and availability.’
- ‘The Linklaters real estate team is very well established. They've been working together for years, which is a real advantage when reporting to clients. This internal harmony is evident in every email. They operate efficiently and systematically, adapting to any setbacks in transactions, offering business solutions, and always demonstrating flexibility and availability. I would particularly like to highlight Adolfo Guerrero.’
- ‘The team has a deep knowledge of sale-leaseback transactions and their work is top-notch. Negotiation and drafting skills are exceptional, and the team is highly responsive and a pleasure to work with. ’
- ‘The entire Linklaters Spain team is fantastic. Rosário and Adolfo are great lawyers - they have extensive knowledge and strong negotiation skills. Their dedication to their clients is exceptional, and it is clear that they both work extremely hard. They can always be counted on to handle transactions seamlessly. ’
Key clients
- Ares
- CBRE IM
- EQT Exeter
- L Catterton
- QIA
- Intu Properties
- Stoneshield
- Orion
- Cross Ocean
- Ardian
- Real I. S
- UBS
- Q-Living
- Global Switch
- W. P. Carey
- Bank of America
- Fortress Investment Group
- Polus Capital
- LCM Partners
- Carlyle
Lawyers
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Leading associates
Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.
Santiago Alfonsetti
Practice head
Adolfo Guerrero
Other key lawyers
Santiago Alfonsetti; Rosario Bernáldez; Juan Vera; Carlos Gil
