Milbank LLP has advised Lar España, a leading Spanish real estate developer and property asset manager, on two green bond issuances this year: its €400M Senior Unsecured Green Bond Offering and related tender offer and with its €300M Senior Unsecured Green Bond Offering. Lar España is a leading publicly listed Spanish real estate developer and property asset manager, with a portfolio comprised of shopping centers and retail parks, valued at more than €1.4 billion.
Milbank has been at the forefront of green financing transactions, regularly representing clients throughout Europe and the rest of the world on first-of-their-kind green bond issuances and loans, including advising in the last year:
- Canary Wharf Group, the largest London-based REIT focusing on the development, management and ownership of office and retail space and build-to-rent apartments in Canary Wharf, on its debut green bond offering.
- Globalworth Real Estate Investments Limited, a leading real estate company in Central and Eastern Europe, on its debut green bond offering.
- Public Power Corporation S.A., the largest electricity company in Greece, on the first sustainability-linked high-yield bond in Europe.
The Milbank team was led by European Leveraged Finance and Capital Markets partners David Dixter and Rebecca Marques and associates Lauren Obee, Alexia Pimbli and Santiago Barraza.
