Firm Advises on Via Célere’s Acquisition of Land Bank Assets from Aelca

Transaction will create the largest residential property developer in Spain.

January 18, 2019

Via Célere, a Spanish residential property developer owned by investment firm Värde Partners, has acquired the land bank assets of Aelca, another residential developer and asset manager in Spain. 

Following the transaction, Via Célere will be the country’s largest residential real estate developer with a gross asset value of over €2.2 billion, positioned to deliver an estimated 2000 housing units in 2019 with the ability to deliver 5000 units by 2021. 

Latham & Watkins advised Myjoja, an investment vehicle set up by Aelca founding members Jose Juan Martin and Javier Gomez, on the sale of its shareholding to Via Célere, with a team led by Madrid corporate partner José Antonio Sánchez Dafos with counsel Ana González-Linares.


 

 
 
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