Grey has advised Stiftelsen Centralfonden för anställda inom skogsbruket och skogsindustrin in connection with the sale of real estate totaling approximately 380,000 square feet in Marbella, Spain, to a company within the Investin Properties corporate group.
Stiftelsen Centralfonden is a Swedish foundation that manages funds originating in the Swedish forestry industry. The foundation is under the supervision of the Swedish Government and is administered jointly by the employer associations and labor unions within the Swedish forestry industry. Investin Properties is a well-established real estate developer in the UK and has developed numerous residential projects in London.
Grey provided advice in the transaction together with Bartolome & Briones as local counsel and Cuatrecasas, Gonçalves Pereira in Barcelona as tax advisors.