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Simpson Thacher Represents Testa Residencial SOCIMI, S.A. on a Multi-Billion Euro Financing in Spain

01.16.19

Simpson Thacher represented Testa in its EUR 1.9 billion financing in connection with a large portfolio of residential units located across Spain.

The financing follows the agreement entered into by Blackstone in October 2018 to purchase a majority stake in the company which Simpson Thacher also assisted on. Testa currently owns and manages more than 10,600 residential units in the main Spanish cities and regions.

The Simpson Thacher team who acted on the financing included Tom Lloyd, Luke Murphy and Alexandre Rakotovao (Real Estate).