Ashurst has advised RBS on the sale of its 19.3% stake in Inmobilaria Colonial to Villar Mir Group. The stake represents 43,675,768 shares, valued at one Euro per share.

The Ashurst team was led by Real Estate Partner Cristina Calvo and assisted by Finance Partner Manuel López and associate Gema Fernández. Partner Javier Hernández Galante advised on tax issues.

Cristina Calvo commented: "We are very pleased with the outcome of the sale and the time in which we completed the deal, in order to satisfy the needs of the parties."