White & Case Advises Klepierre on Acquisition of Major Shopping Center in Madrid
Global law firm White & Case LLP has advised Klépierre, one of the major European players in the retail property market, on its €375 million acquisition of the Plenilunio shopping center in Madrid from an entity 100 percent indirectly owned by Orion European Real Estate Fund III C.V.
The acquisition is expected to be completed by the end of March 2015 under the SOCIMI regime. At 70,000 square metres, Plenilunio is one of the major shopping centers in Madrid, welcoming 10.5 million visitors annually.
The White & Case team which advised on the transaction was led by partners Brice Engel (Paris) and Juan-Manuel de Remedios and local partner Carlos Daroca (both Madrid), with support from associates Marta Sanchez-Blanco and Julio Peralta (both Madrid).
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