Real Estate


“Empathy is seeing with the eyes of another, listening with the ears of another, and feeling with the heart of another”. Alfred Adler


In a world that is constantly changing, where what was clear yesterday is not today, real estate should continue to be one of the key benchmarks when it comes to investment and a safe haven for investors.  

Our team specialises in advising on large real estate transactions and developments, such as business parks and shopping centres, offices and logistics and industrial warehouses. We work in the tertiary, hotel and residential sector. Our experience, combined with excellent legal and technical knowledge, ensure that we provide the highest quality of legal advice in the purchase, development, construction, sale, lease and financing of all kinds of real estate assets.

At Ramon y Cajal we advise national and foreign clients, multinationals, companies and institutions, developers, SOCIMIs (Spanish REITs), property investment funds, banks, family offices and private individuals with interests in the real estate sector.  

Our legal advice focuses on the following areas: 

  • Due diligences for the purchase of real estate assets: business parks and shopping centres, logistics and industrial warehouses, offices, hotels and residential developments.
  • Processes for the sale & leaseback of real estate assets. 
  • Advising on the construction of various real estate assets and infrastructure: building contracts, project management, electrification, O&M agreements, bank guarantees and financial collateral.
  • Purchases and corporate contributions of loan and real estate portfolios.
  • Real estate financing and refinancing. 
  • Joint ventures for the development of real estate projects. 
  • Negotiation and drawing-up of all kinds of real estate agreements: purchases via asset deals or share deals, swaps, leases, surface rights, contributions of land in exchange for part of the finished property, leases with building rights, creation of security interests, dations in payment and debt settlements.
  • Negotiations of pre-litigation situations relating to real estate assets. 

“A good team of well-trained professionals in the field, who always add value to matters.” Legal 500, 2021



Works agreements. Contractual mechanisms in a context of escalating prices.

Inflation in Spain stands at 9.8% in March 2022, with core inflation at 3.4%. In this scenario in which the prices of goods and services have skyrocketed and, in view of the risk of supply shortages, many doubts have arisen as regards how to deal with this reality in works agreements in order to avoid disputes between the parties.


Main measures of the Draft Bill for Spanish Housing Rights Act

On 1 February 2022, the Council of Ministers approved a draft bill for the Spanish Housing Rights Act (the "Housing Act"). Upon the admission of the Housing Act to parliamentary processing as a draft bill following the agreement reached between the Government and the parliamentary group ERC, we believe it is relevant to analyse in this newsletter the main measures set forth in the Housing Act which could have an impact on the main players of the Spanish market real estate transactions.