Clifford Chance advises BGO on one of Spain’s largest flex-living acquisitions in Madrid

Global law firm Clifford Chance has advised BGO (BentallGreenOak) on the acquisition of Bext Valdebebas, a flex-living complex located in Madrid’s Valdebebas district. The transaction includes 583 fully furnished units—studios and one- and two-bedroom apartments—with integrated amenities such as coworking, rooftop, pool, sauna, gym, and cinema areas. It marks one of the largest flex-living acquisitions in Spain to date.

Additionally, Clifford Chance has advised BGO on the joint venture with Stoneweg for the creation of a joint platform aimed at developing flex-living projects in Spain, with a total investment planned by both entities of around 500 million euros.

The Clifford Chance team that advised on the transaction was led by partner Carlos Portocarrero and senior associate Andrés Berral, together with the rest of the team: senior associate Andrés Tirado and associate Begoña Martínez on real estate matters, as well as counsel Fernando Escribano and senior associate Andrea Rubio on tax matters. Additionally, partner Epifanio Pérez, together with senior associate Ignacio Magariños, junior associate Marco Martínez and trainee Asier Vivanco from the Global Financial Markets team, advised on the financing entered into by Bext Valdedebas to repay its existing debt.

This deal highlights Clifford Chance’s expertise in advising on complex real estate and financing transactions in Spain, supporting clients in strategic investments across the living sector.