The Real Estate team of King & Wood Mallesons (KWM) has advised the Spanish REIT Silicius Real Estate (Silicius) on the acquisition of four buildings located on Los Madrazo street in Madrid and valued at 35 million euros. This deal is part of Silicius’ growth and diversification strategy to reach the optimum size for its upcoming IPO in the next months.
This investment signals Silicius’ entry in the residential real estate business. The properties, located in one of the premium zones of the Spanish capital, have a surface area of 7,466 m2, of which 5,000 are for residential use with 25 homes.
The KWM team in charge of the advice to Silicius was led by Real Estate partner José Antonio Calleja, who had the support of senior associate Candela Escribano and associate Pablo Salamanca.
Silicius is the family office Mazabi’s REIT. The company focuses on the management of different types of properties (hotels, offices, commercial assets or retail) and has an asset portfolio valued at 442 million euros.
As José Antonio Calleja explains, “it is a source of pride for us that Silicius has counted on our team to advise them on this deal. With years of experience working with its team, we are conscious of the importance of this acquisition for the strategic development of its business as the company goes public next year.”