Freshfields advised PGGM Infrastructure on its acquisition of RESA

Freshfields advised PGGM Infrastructure on its acquisition of RESA

Freshfields advised PGGM Infrastructure Fund on the acquisition and related third party bank syndicated financing of a 100% stake in RESA (Residencias de Estudiantes), the leading Spanish student accommodation group, Siresa 1 and Siresa 2, from Greystar, AXA IM Alts and investors represented by CBRE Investment Management.

RESA is the largest private and fully vertically integrated student accommodation platform in Spain, with c. 11,200 beds under management, split into 43 projects located in more than 20 cities across the country.

Headed by Fernando Soto, global transactions real estate partner, the advising team of the contract is supported by Ana Julia García, the Counsel and associate, Carolina Vergara. Ana López, global transactions finance partner advised on the financing aspects of the acquisition, with support from senior associate Victoria Bobo.

Supported by senior associate, Álvaro Puig, Counsel Enrique Carrera counselled on the combined control and foreign investment aspects of the achievement. Supported by Carmen Delgado and Javier Sánchez, the associates, Partner Sílvia Paternain, acted as the adviser of the agreement's tax matters. Supported by senior associate Ana Calvo, Counsel Ignacio Borrego guided on the public law aspects.