The Spanish real estate investment trust (REIT) Quonia joined the Alternative Equity Market (MAB) with assistance from Cuatrecasas. The firm advised Quonia on its initial offering on the MAB, where it debuted at a reference price of €1.65 per share, for a company valuation of €42 million.

The company also requested legal support from the firm in the purchase of Hotel Internacional from the Husa hotel chain for €11 million. The transaction includes hotel business licenses.

In another example of team coordination, the MAB transaction was led by partner José Luis Rodríguez and senior associate Maria José Víboras, while counsel Miguel Martí spearheaded the acquisition of Hotel Internacional. Partner Carlos Ferrer provided tax advice on both transactions.

Quonia was founded in Barcelona in 2010 and holds a portfolio of five buildings designated for residential and commercial use, amounting to a total surface area of 12,200 m². The real estate company’s business model is characterized by the acquisition of properties located in prime areas with long-term profitability.