VíctorCasarrubios

Of Counsel

Madrid + 34.91.520.3939

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Víctor Casarrubios has more than 25 years of experience representing clients across all sectors of the real estate (RE) industry and all RE asset types. He leads the real estate team in Jones Day's Madrid Office.

Victor's practice focuses on acquisitions and dispositions of real estate (including asset deals, share deals, and portfolio transactions); real estate finance; RE M&A and private equity; funds, SOCIMI (Spanish REITs), real estate investment (equity and debt structures), joint ventures, and investment vehicles; distressed real estate restructuring and acquisition strategies; corporate real estate services; leases, sale, and leaseback transactions; hospitality deals; planning and administrative approvals; development, construction, property conversion, refurbishment, and related services; real estate aspects of energy, infrastructure, and mining projects; environmental law (emissions trading, land contamination, environmental liabilities in acquisitions/financing, and sustainable real estate development); and the impacts of COVID-19 on RE projects and agreements.

The clients Víctor has advised include, among others, Abrams Capital, Aldesa Construcciones, Amundi, BBVA, Banco Português de Investimento, Banco Sabadell, Banco Santander, Bankia, Bank of America, Bank of Scotland, Bridgestone, Bulgari, CaixaBank, Canyon Capital Advisors, Carval Investors, Castlelake, CBRE GI, CBRE GIP, Cerberus European Capital Advisors, Citigroup, Club de Golf Valderrama, David Lloyd, EDF, Ferro, GE Water, General Reinsurance, GMP, Golf La Moraleja, Golden Tree, Goldman Sachs International, Goodman E. Logistics Fund, Grupo Hima San Pablo, Hansteen, Helaba, Hilton Hotels, LaSalle Investment Management, Macquarie Bank, Merz Pharma, Monarch Alternative Capital, M&G Real Estate Finance, NYU, Oaktree Capital Management, Oxenwood, Pandox, Procter & Gamble, Promociones Habitat, Prudential Assurance, Recapital Invesment, Silverpoint Capital, StepStone, and Torrejón Salud.

Experience

  • Macquarie Asset Management acquires 50% shareholding in Island Green PowerJones Day advised Macquarie Asset Management ("MAM"), via Macquarie Green Investment Group Renewable Energy Fund 2 ("MGREF2"), in its acquisition of 50% of the shares in Island Green Power Limited, a UK-based renewable energy developer focused primarily on the development of utility-scale solar plants.
  • Greystar Global Strategic Partners acquires BTR Resi Complex in MadridJones Day represented Greystar Global Strategic Partners I in its Forward Purchase Acquisition of a residential property in Downtown Madrid consisting of 455 units (target constructed area: 29,000 sq.m.) to be developed by ACCIONA INMOBILIARIA and operated by GREYSTAR as a large built to rent scheme.
  • CBRE obtains financing to develop building at Gran Vía 18, WOW Marketplace’s new flagship storeJones Day advised CBRE Global Investors in connection with a €40 million loan to develop the building at Gran Vía 18, WOW Marketplace’s new flagship store.
  • CBRE Global Investors disposes of Spanish logistics portfolio to BankinterJones Day advised CBRE Global Investors, on behalf of its value-add fund European Value Partners (EVP 2), and its joint venture partner Valfondo (a developer and manager of Montepino logistics assets in Spain) on the sale to Bankinter of a portfolio of 22 Spanish logistics assets, totaling 865,000 sqm, together with a development pipeline of a further 13 logistics assets.
  • Ferro Corporation sells its global Tile Coatings Business to Lone Star Funds for $460 millionJones Day advised Ferro Corporation, a leading global supplier of technology-based performance materials, in the sale of its global Tile Coatings Business to Pigments Spain, S.L., a portfolio company of Lone Star Funds, for $460 million in cash, with potential earnout payments of up to $32 million in cash based on the performance of the business pre-closing, subject to customary adjustments.
  • Guardian Europe S.à r.l. sold Guardian Automotive glass business to PARTER Capital Group AGJones Day advised Guardian Europe S.à r.l., a subsidiary of Koch Industries, Inc., in the sale of its Guardian Automotive aftermarket glass fabrication and distribution business to PARTER Capital Group AG.
  • ACCIONA sells 31,000-square-meter multifamily residential scheme in Madrid to HinesJones Day advised ACCIONA in the sale of the completed Valdebebas 125 scheme, a 31,000-square-meter multifamily rental residential scheme in Madrid, to Hines, the international real estate firm.
  • London-based special situations fund acquires luxury residential building in Marbella (Spain)Jones Day advised a London-based special situations fund in its acquisition of a luxury residential building in Marbella (Spain) out of insolvency proceedings.
  • StepStone Group forms joint venture with ActivumJones Day advised StepStone Group LP on the formation of a joint venture with Activum SG, an investor in European real estate related sectors, in connection with its investment in four residential and commercial real estate assets located in Spain and Germany.
  • CBRE Global with Azora and Tamerlane acquires "Heart" of Vicente CalderonJones Day advised CBRE Global Investment Partners in its acquisition with Azora and Tamerlane to acquire and develop the best two plots in the Green Corridor of Madrid Rio, owned by the Football Club Atletico de Madrid and located in the former Vicente Calderon Football Stadium premises.
  • Greystar acquires residential property in Gran Via in MadridJones Day represented Greystar Real Estate Partners, LLC in the acquisition of a residential property located in Gran Via 48, a prime location in Madrid, comprising 100 units acquired from seven different sellers.
  • LaSalle Investment Management acquires six Makro strategic cash and carry stores in Spain from Metro AGJones Day advised LaSalle Investment Management in connection with the acquisition of a portfolio of six cash and carry stores of MAKRO Spain from METRO PROPERTIES, the real estate company of METRO AG, as part of a sale-and-lease-back transaction.
  • CBRE Global Investment Partners acquires 6,458-unit portfolio of Spanish residential properties for €870 millionJones Day advised CBRE Global Investment Partners in connection with its acquisition of a 6,458-unit portfolio of Spanish residential properties valued at €870 million.
  • Amundi Asset Management acquires “Portico” Building in Madrid, SpainJones Day advised Amundi Asset Management in connection with the acquisition of the “Portico” Building (a 34,500 sqm, fully let, multitenant office property located in Madrid) from UNION INVESTMENT REAL ESTATE GMBH.
  • LaSalle acquires portfolio of cash and carry stores in MadridJones Day has advised LaSalle Investment Management in its €86.5 million (US$101 million) acquisition and leaseback transaction concerning three strategic cash and carry stores and corporate headquarters in Madrid (Total GLA : 32,000 sqm), sold and operated by Makro Spain (a subsidiary of Metro AG).
  • Greystar mergers three student housing companiesJones Day advised Greystar Real Estate Partners, LLC in its merger of Encampus Residencias de Estudiantes, S.L. and Siresa Campus Noroeste, S.L., into Siresa Campus, S.L.
  • Greystar acquires student accommodation portfolio in SpainJones Day advised Greystar Real Estate Partners, LLC in its joint venture with AXA Investment Managers - Real Assets, acting on behalf of its clients, and CBRE Global Investment Partners (CBRE GIP), also acting on behalf of its clients, in its acquisition of a portfolio of 37 student residences in Spain (33 operating and 4 under development) owned by Grupo RESA (Spain's market leader in student accommodation), from Azora, Arta Capital, Banca March, and Mutua Madrileña.
  • CBRE Global Investors and Montepino form joint venture to develop portfolio of prime assets in core locations in SpainJones Day advised CBRE Global Investors in its formation of a joint venture with Montepino to develop a portfolio of prime assets in core locations in Spain.
  • CBRE Global Investment Partners acquires €350 million (US$400 million) European logistics portfolioJones Day advised CBRE Global Investment Partners in connection with its investment in Pan-European Logistics Venture, a TH Real Estate investment fund, and the fund's simultaneous acquisition and financing of a portfolio of seven logistics assets: four in France, one in Germany, one in Holland, and one in Spain, for €350 million (US$400 million).
  • CB Richard Ellis acquires interest in H2O Rivas Shopping Centre in MadridJones Day advised CB Richard Ellis Real Estate Group Services Inc. in its acquisition of an interest in the H2O Rivas Shopping Centre in Madrid, Spain.
  • Mapei acquires TecnopolJones Day advised Mapei S.p.A. in its acquisition of Tecnopol Sistemas, S.L.U., a Spanish chemical company leader in the production and distribution of waterproofing and insulation systems for the construction industry.
  • CBRE Global Investors acquires prime retail and office asset in MadridJones Day advised CBRE Global Investors in a joint venture with IBA Capital Partners on the acquisition of Gran Via 18, a prime freehold asset in Madrid City Centre.
  • CBRE Global Investment Partners forms joint venture with Sonae Sierra to acquire three shopping centers in Spain and PortugalJones Day advised CBRE Global Investment Partners on its joint venture with Sonae Sierra, shopping center specialist based in Portugal, and its acquisition of a portfolio of three shopping centers in Spain (together with linked hypermarket acquired separately from Tristan Capital Partners) and Portugal from a Sonae Sierra managed fund.
  • CBRE GIP acquires ABC Serrano and Preciados 9 Shopping Centres in MadridJones Day advised CBRE GIP regarding its acquisition of two high street retail assets in Madrid: the iconic ABC Serrano Shopping Centre and a high street retail building located on Preciados Street.
  • Goldman Sachs and Highgate Hotels acquires K+K Hotels GroupJones Day advised a consortium led by Goldman Sachs and Highgate Hotels, a leading hospitality investment and management company, in its acquisition, acquisition financing, and debt restructuring of the K+K Hotels group, which owns a portfolio of ten boutique hotels located in London, Paris, Barcelona, Munich, Vienna, Prague, Budapest, and Bucharest.
  • David Lloyd Leisure acquires Club de Tenis AravacaJones Day represented David Lloyd Leisure Espãna II, S.L. in its acquisition of Club de Tenis Aravaca, a tennis sport club in Madrid, Spain, and in the refurbishment and construction of a new club to be opened in 2017.
  • Ferro sells Specialty Plastics business to A. SchulmanJones Day advised Ferro Corporation in its sale of substantially all of the assets in its Specialty Plastics business to A. Schulman, Inc.
  • M&G Investments provides financing to Puerto Venecia InvestmentsJones Day advised M&G Investments in connection with a €173.4 million (US$238.4 million) loan provided to Puerto Venecia Investments SOCIMI S.A., a subsidiary of a fund managed by Orion Capital Managers.
  • Olive Capital Group sells 814,000 m2 of land to Banco Sabadell-SOLVIAJones Day Madrid advised the insolvency trustees of Olive Capital Group (formerly Coperfil) in connection with the sale of 814,000 m2 of land to Banco Sabadell-SOLVIA, to be developed in the context of the Business Park La Carpetania project in Madrid and in the project for the enlargement of the EADS-CASA Airbus factory.
  • Grupo HIMA awarded three out of six hospitalsJones Day advised Puerto Rico-based Grupo HIMA San Pablo in connection with the tendering for the €4.7 billion (US$6.2 billion) public contract organized by the Health Care Service of Madrid (Servicio Madrileño de Salud) relating to the privatization of public health care services from six public hospitals in Madrid in the form of public service management concession.
  • Investment holding company acquires Spanish five-star hotel and spa, development land, and championship golf courseJones Day advised an investment holding company in connection with the acquisition and related financing of a five-star hotel and spa in Málaga, land for expansion and the development of residential units and villas, and an 18-hole championship golf course.
  • RBS files claim in Sacresa insolvencyJones Day represented The Royal Bank of Scotland Plc in its claim against Sacresa, a Spanish real estate company.
  • Schuepbach Energy sells 25% interest to Petrel EnergyJones Day advised Schuepbach Energy LLC in connection with its sale of 25% interest in major conventional and unconventional petroleum projects in Spain to Petrel Energy Ltd.
  • Caixabank finances photovoltaic plant located in Salamanca, SpainJones Day provided advice to Caixabank, S.A. in connection with the €9.7 million (US$13.8 million) project financing for the construction and operation of a photovoltaic plant with a total generating capacity of 2 MW located in Salamanca, Spain, and sponsored by Barcel Euro Inversiones, S.L.
  • Banco de Sabadell-led syndicate finances windpark in Zaragoza, SpainJones Day represented Banco de Sabadell, S.A.; Banco Bilbao Vizcaya Argentaria, S.A.; and WestLB AG, Surcursal en España in connection with the €66.3 million (US$94.8 million) project financing for the construction and operation of the San Cristóbal de Aguilón windpark with a total generating capacity of 50 MW located in Zaragoza, Spain.
  • Hilton Hotels advised on bankruptcy proceedings of Hilton Valencia ownerJones Day advised Hilton Hotel Corp. in connection with the bankruptcy proceedings relating to the owner of the Hotel Hilton Valencia Palacio de Congresos in Valencia, Spain.
  • Investec Bank and WestLB finance biomass power plant located in BriviescaJones Day provided advice to Investec Bank plc and WestLB A.G., Sucursal en España in connection with the €34.5 million (US$49.6 million) project financing for the construction, operation, and maintenance of a biomass power plant located in Briviesca, a municipality located in the province of Burgos, Spain, and sponsored by Acciona Biomasa, S.L.U. and Ente Regional de la Energia de Castilla y León.
  • BBVA-led syndicate finances two concentrated solar power units in Extremadura, SpainJones Day represented thirteen banks in which Banco Bilbao Vizcaya Argentaria (BBVA), Banco Santander, Société Generale, Bayern LB, and Caja Madrid acted as mandated lead arrangers and BBVA acted as facility agent in connection with the €629.2 million (US$903.3 million) project financing for the development and construction of two concentrated solar power units with a total generating capacity of 49.9 MW located in Extremadura, Spain and sponsored by NextEra Energy Resources, LLC, a leading generator of wind and solar power in North America.
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    Speaking Engagements

    • 12 de marzo de 2012
      Conceptos Básicos en la Gestión de Adjudicados, Adquisición de Activos

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