We acted for an international client who wished to invest in Spanish real estate. The client also wished to consolidate a number of different investments into one corporate vehicle.
We were in charge of structuring an investment platform that mitigated any tax liabilities and acted as a value-add operation.
We advised our client, as part of a group of international inves-tors, on becoming a shareholder using a SOCIMI to acquire the Plaza de España building in Madrid.
SOCIMIs are public limited investment companies, created to encourage long-term investment in the Spanish property market through investment in Spanish urban real estate for rent such as hotels or commercial premises.
We helped clarify the legal position and were in charge of struc-turing the investment within the SOCIMI, creating a corporate vehicle that was sound from a taxation point of view.
Our client was part of the successful investment team who acquired this iconic €160m Madrid’s skyscraper: This commercial area has an area of 15,000 square meters distributed over four floors and is now part of a commercial revitalization of the Gran Vía in Madrid.
Our client gained many benefits from the SOCIMI investment including:
De Canto Chambers continues to act for this client and advise on their interests and investments.
Del Canto Chambers provides dual-qualified, multi-lingual tax lawyers, who have worked on over 500 cases throughout Europe, the Middle East, Latin America and Asia, making us the counsel of choice for London-based and international clients, corporations, solicitors and tax advisers.
Corporate Cases
We have worked on several corporate cases including some of the worlds leading companies in media, luxury boats, football clubs, NGOs, investments and much more
Del Canto Chambers is a leading London Anglo Spanish firm specialising in Law, Tax & Legal Advice. Our dual-qualified, multilingual lawyers specialise in international law and tax and have worked on over 500 cases globally. Our main focus are legal and tax related issues in Spain.
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53-64 Chancery Lane
WC2A 1QS London
Tel: +44 207 043 0648
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