King Wood Mallesons SJ Berwin advised Mazabi Gestión de Patrimonios (Mazabi) on the sale of the Abba Queen´s Gate Hotel, located in Kensington, London, to Grecian Hotels, for £40 million.

Mazabi manages investment assets, primarily real estate, with offices in Madrid, Barcelona, Bilbao and Malaga. The company currently manages more than € 600 million of real estate assets through national and international investments.

Enrique Isla, co-head of the international Real Estate sector group at King Wood Mallesons SJ Berwin in Spain, said: “Mazabi has obtained significant economic profitability as a result of the real estate market revaluation in London over the years, and this sale demonstrates its success. This was a complex transaction which drew on the firm’s international real estate capabilities, covering aspects of English and Spanish Law, and successfully reconciling the interests of the seller, the buyer and operator of the hotel.”

The King Wood Mallesons SJ Berwin team was supervised and coordinated by co-head of the international Real Estate sector group Enrique Isla and Real Estate associate Marta Orce in Madrid, with Real Estate partner Matthew Priday with associates Sandy Hanspaul and Sarah Sabatini in London.