Montero Aramburu & Gómez-Villares Atencia advises Andino on the financing and development of its logistics center in Barajas

Madrid, March 18, 2025 | Montero Aramburu & Gómez-Villares Atencia has advised SAASA Global, a company belonging to the Andino Inversiones Global (AIG) group, on the financing and legal development of the new air cargo logistics center at Barajas Airport, a key project for the group’s expansion in Spain. The new terminal, which will have the capacity to handle 80,000 tons of cargo and generate 150 direct jobs, reinforces Andino’s commitment to the Spanish market as a strategic hub in its growth plan.

The Peruvian company, listed on the Lima and Paris stock exchanges, has signed a €14 million loan with Frux Capital, with structural support from Beka Finance, to finance the construction of the cargo terminal. This infrastructure, representing a total investment of €20.5 million, is part of the development of Madrid’s airport city and represents Andino’s first major operation in Spain.

Montero Aramburu & Gómez-Villares Atencia has provided comprehensive advice to Andino in all phases of the project, coordinated by Public and Regulatory Law partner Ignacio Albendea, with the involvement of the Commercial teams, led by Miguel Cuesta (partner) and Victor Moya (senior associate) in financial advice and loan structuring, Civil/Contractual, in all contracting operations, with partner Pablo Amores and Julia Bañales (director), Tax, with partner Maria José García-Serrano and Raquel Ramos (associate), and Public and Regulatory, with Ignacio Albendea (partner) and Helena Arronis (senior associate), in concessions, airport law, and urban planning.

A key step in Madrid’s logistics development

This project consolidates Madrid as a strategic air cargo hub, driven by the growth of e-commerce and the capital’s key role in international traffic between Europe, Latin America, and Asia.

With this transaction, Montero Aramburu & Gómez-Villares Atencia strengthens its leadership in advising on large real estate, financial, and regulatory transactions, consolidating its presence in the logistics and airport sector.