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Portrait of Álvaro Otero

Álvaro Otero


CMS Albiñana & Suárez de Lezo
Paseo de Recoletos 7–9
28004 Madrid
Languages Spanish, English, German, Italian

Álvaro Otero is Head of the Real Estate and Construction department at CMS Albiñana & Suárez de Lezo. He specialises in the buying and selling of real estate companies and real estate assets, both individual and portfolios and has extensive experience in sale and lease back operations; leases of commercial premises, hotels and offices; development and construction contracts; financing and refinancing of real estate companies, both to national and international clients.

He is a member of the renowned Royal Institute of Chartered Surveyors (RICS). He has also been recognized in the Real Estate area by leading and highly prestigious legal directories such as Chambers & Partners and Legal 500.

Álvaro is an associate professor of Civil and Real Estate Law at Universidad Carlos III (Madrid, Spain).

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Relevant experience

  • Álvaro has advised leading companies in their sectors in a variety of operations such as, for example, CBRE Global Investors in various real estate transactions, Global Student Accomodation in the acquisition of a student residence platform in Spain or Allianz in the financing of Las Rozas and La Roca Village in Madrid and Barcelona respectively.
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Memberships & Roles

  • Member of the Royal Institute of Chartered Surveyors (RICS).
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  • 2009 - Executive Programme on the Management of Real Estate Companies, Instituto de Empresa, Madrid (Spain).
  • 2007 - Higher Education Programme on Planning Law, Centro de Estudios Garrigues, Madrid (Spain).
  • 2003 - Graduate of Law and Degree in Business Management, Universidad Pontificia Comillas ICADE, Madrid (Spain).
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Com­mer­cial rent pay­ments in Spain
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...
Real es­tate trans­ac­tion costs and taxes in Spain
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...
Build­ing law and reg­u­la­tion in Spain dur­ing Cov­id-19
1. Is there con­struc­tion-rel­ev­ant COV­ID-19 reg­u­la­tion? Al­though there is not yet any con­struc­tion-spe­cif­ic COV­ID-19 reg­u­la­tion, the Gov­ern­ment has ordered the stop­page of all non-es­sen­tial activ­it­ies...
Law and reg­u­la­tion of rent­al agree­ments in Spain dur­ing Cov­id-19
Up­dated on 30.03.2020. 1. Is a less­ee eli­gible for rent re­duc­tion due to a sig­ni­fic­ant de­cline in foot­fall and con­sequently its turnover as a res­ult of COV­ID-19? Yes, provided that they are with­in...
Guide to Con­tract Al­li­an­cing in Con­struc­tion
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...
Hotel In­vest­ment in Iberi­an Pen­in­sula | Oc­to­ber 2019
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%...
CMS European Real Es­tate Deal Point Study 2019
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...
Glob­al Plan­ning/ Zon­ing/ Con­sent­ing Group
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 ad­vises Sino­chem on the ac­quis­i­tion of Elix Poly­mers from Sun European...
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...
CMS European Real Es­tate Deal Point Study 2018
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%...
CMS European Real Es­tate Deal Point Study 2018
Wel­come to a new edi­tion of the CMS European Real Es­tate Deal Point Study 2018. The European in­vest­ment mar­ket once again had a very strong year. At EUR 234 bn, total in­vest­ment volume was only 3% be­low...
Out­look 2018: Europe & Spain In­vest­ment Brief­ing
Spain is now the fast­est-grow­ing eco­nomy in Europe - will it con­tin­ue to at­tract cap­it­al from all over the world? Will un­cer­tainty over the polit­ic­al crisis between Mad­rid and Bar­celona de­ter in­vestors...