DLA Piper advised joint venture AC2 in a US$70 million financing for the strategic development of a 97,200 square meter industrial built-to-suit warehouse in the PLATAH industrial park in Hidalgo, Mexico.
AC2 was formed through a combination of Affinius Capital, a US-based institutional real estate development firm, and Artha Capital, one of Mexico’s most active real estate fund managers, developers, and operators. The US$70 million in financing was granted by Banco Sabadell, a Spanish multinational financial services company.
“The DLA Piper Mexico team, led by Roberto Rios, was valuable in closing the construction financing on our latest industrial development in Mexico with Banco Sabadell, and we look forward to working with DLA Piper on future project financing transactions for our Mexico business,” said Aaron Retersdorf, Vice-President of Capital Markets for Affinius Capital.
The DLA Piper team was led by partner Roberto Rios Artigas (Mexico City) and included associates Javier Pichardini, Susana Guizar, and Eduardo Gallástegui (all Mexico City).
DLA Piper in Latin America’s team offers full-service business legal counsel to domestic and multinational companies with interests in and operations throughout the region. Our integrated approach to serving clients combines local knowledge with the resources of the DLA Piper global platform. With more than 400 lawyers practicing throughout Argentina, Brazil, Chile, Mexico, Peru, and Puerto Rico, in addition to our US-based cross-border attorneys, our teams serve clients throughout the LatAm region, Iberian Peninsula, and around the globe. DLA Piper’s global platform of 90+ offices in more than 40 countries enables us to meet our clients’ legal and business needs, whether they are based in Latin America or wish to do business there.
