14/11/2014 – El Confidencial
Lawyers office Herbert Smith Freehills is going to move to the Palacete de Julio Castanedo building, a more than 100-year old monumental aristocracy house standing at 63 Calle de Velazquez street. It is an old stately property located inside the Salamanca neighborhood in the center of Madrid, in the years 1997-2013 hosting lawyers from another famous office Cuatrecasas Goncalves Pereira.
The British-Australian office has decided to relocate from its current premises at 66 Paseo de la Castellana street (the old Edificio Recoletos building) to a unique property, both in terms of architectural and historical relevance (listed as the heritage of cultural interest).
The building’s owner, mutual insurance company Asemas, will not have to carry out any renovation as the property is already adapted for housing a lawyers office. Presently, the building is listed due its role during the Spanish civil war, serving as the main headquarters of the International Brigades.
At present, Herbert Smith Freehills employs 100 experts in law with experience on such cases as opening of new AVE’s route to Mecca, defense of Spain in front of the International Court of Arbitration or the ‘black cards’ of Bankia controversy.
The move of Herbert Smith takes place after another multi-national lawyers office White & Case arrived in the capital and anchored at 7 Paseo de la Castellana street in an old premises of Banesto. Also, Linklaters (Almagro St.), Perez-Llorca (Castellana St.), Dentons and Hogan Lovells have recently relocated to new offices along irresistibly downtown Paseo de la Castellana. Still there is some space.
Original article: El Confidencial (by Carlos Hernanz)
Translation: AURA REE
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Source: AURA Real Estate Experts