King Wood Mallesons has advised wealth management company Mazabi Gestión de Patrimonios on the acquisition of two buildings in the centre of Madrid: the historic Teatro Albéniz and Hotel Madrid.

King & Wood Mallesons has advised the family office Mazabi on a number of deals over the last five years. Mazabi manages a portfolio of more than €750 million distributed between Europe, Latin America and Middle East. The total assets in this most recent acquisition comprise a total area of 13,000 sqm.

The deal was led by Partner Enrique Isla, head of Real Estate at King & Wood Mallesons in Spain, with the assistance of Senior Associate Marta Orce.