Jones Day advises Santander México on RE loan
Jones Day has advised Banco Santander México on a 1.65-billion-peso ($86.9 million) credit facility granted to Inmobiliaria Conjunto Polanco, a subsidiary of retailer Grupo Gigante, for the construction and development of a mixed-used residential and commercial real estate development in Mexico City.
The development, Miyana, is one of the largest mixed-used developments in the Mexican capital, covering 1.5 million square feet, and which opened in 2016 in the Polanco neighbourhood. Miyana includes a variety of restaurants, cinemas and grocery stores, including franchises owned by Grupo Gigante.
The Jones Day team advising Banco Santander was led by Alberto de la Parra and Arturo de la Parra, and included Eliana Gonzalez, Ricardo Gali, Irene Anton and Jose Paoli, all part of the Firm’s banking, finance and securities practice and based in Jones Day’s Mexico City office.
