1. Due diligence costs for the purchase of real estate 1.1 Municipal search Cost Cadastre certificate: in general terms, approx. EUR 8.64 (plan) Cadastral map: it depends on the size and nature of...

1. General overview Since the outbreak of the Covid-19 pandemic, the Spanish Government has adopted some measures to try to control the virus spread as much as possible. In particular, the Royal Decree...

Recent work highlights Planning and environmental CMS Madrid is one of the three panel law firms of The Management Company for Assets Arising from the Banking Sector Reorganization (the SAREB) accredited to Advised SAREB on resolving planning issues of its portfolio. Construction and development Advised Delin Capital in the development of Logistic Big Boxes in Alcalá and Illescas. Advised in the development of several greenfield residential projects in Madrid. Investment and disposal Advised CPPIB Liberty Living on the acquisition of a real estate portfolio for a value of €500m. Advised CBRE Global Investors in the acquisition of an office building in central Madrid for a price exceeding €70m. Advised Patrizia Immobilien in the acquisition of a €30m residential building in Madrid. Advised GSA on the acquisition from Oaktree of Nexo Residences platform, one of the most acknowledged Student’s Accommodation platforms, with six students’ residences in Spain and the ambition to duplicate its size in the next three years. Advised CBRE Global Investors in the acquisition from Avignon Capital of a mixed-use office and retail building at calle Fontanella, prime location in Barcelona (Spain). Advised Cofinimmo in the acquisition of greenfield projects and standing assets devoted to Nursing Homes. Advised Catella on the acquisition from Adania and financing of three developments of residential units subject to social housing regime. Advised Signal Real Estate on the acquisition, financing for the acquisition and construction agreements of the Orquidea Hotel in Santa Eulalia del Río (Ibiza, Spain) to be refurbished and operated as a W hotel. Managers and occupiers Advised Chubb Insurance on the leasing of their new headquarters at Paseo de la Castellana (Madrid, Spain). Advised Barings in the ongoing management of its Madrid portfolio. Advised Aberdeen Asset Management in the lease of its new HQs in Spain. Advised Birkenstock in the lease of new retail premises in a prime commercial location in Madrid. Financing Advised Allianz in the financing of the acquisition of the Shopping Center Intu Parque Principado. Advised Bank Leumi in the financing of hotel developments. Advised Bank of Scotland in the regularisation of securities over Spanish assets. 

1. Is concurrent delay a well developed and understood concept? Under Spanish Law, there is not a specific definition or regulation of “concurrent delay”. Concurrent liability concept is extensively...

Over the last decades, construction projects have continually become much more dynamic in nature, largely due to the increasing complexity and uncertainty of these projects,  along with tight budgets...

According to a joint report by Cushman & Wakefield and CMS, hotel investment remained high in Spain last year, with figures showing total deals worth EUR 3.7 billion. However, this represents an 18.7%...

A first glance suggests there were no major changes in the European investment market in 2018, with the investment volume being roughly the same as in the previous year at around EUR 264bn. However...

Planning shapes every aspect of our lives. The buildings and environments in which we live, work, shop, play and educate the next generation are all shaped by the planning system. The construction and...

CMS advised Chinese group Sinochem on the acquisition of Spain-based Elix Polymers for an enterprise value of EUR195 million. Chemical conglomerate Sinochem has announced the purchase of Elix Polymers...

The European investment market once again had a very strong year. At EUR 234 bn, total investment volume was only 3% below the record level seen in 2015. This figure also represents an increase of 7%...