Carlos Portocarrero de las Heras specialises in joint ventures, bidding process, sale of portfolios and acquisitions of real estate companies.
Carlos represents institutional investors, funds, financial institutions and a variety of other international real estate investors.
- Coordinated review of 200,000 assets from SAREB, the largest real estate due diligence ever.
- Advising on design, structuring and execution of the EUR€4.4 billion sale and lease back of 2,000 properties of Banco Santander in Spain (real estate deal of the year in Europe and the largest real estate transaction ever in Spain)
- Advising on the "Foster Tower" deal
- Advising BBVA on sale and leaseback and transactions such as the acquisition of shopping centres (Maquinista, Diagonal Mar and Parquesur)
News and client work
Contact details
- Clifford Chance, Madrid
- +34915907510
- Email me
- Speaks Spanish and English
- Sector Banks
Career & qualifications
-
Universidad Autónoma de Madrid (Law) 1987
- ESCP (Paris/Madrid), MBA International Business 1990
- Regular publisher in financial and legal press such as Expansión and Cinco Días
- Partner at Clifford Chance since 2002
Awards and citations
- Carlos Portocarrero de las Heras is ranked as "Notable Practitioner".
Chambers Europe 2026, Real Estate - Europe-wide - Carlos Portocarrero de las Heras is ranked as Band 1.
Chambers Europe 2026, Real Estate – Spain. - Carlos Portocarrero is well known as the driving force behind Clifford Chance's strong real estate practice in Spain. He leads the majority of the firm's top transactional mandates on behalf of real estate asset managers, developers and retailers.
Chambers Europe 2026, Real Estate – Spain - "When we first met, Carlos Portocarrero said he loves his work. Months later, I can say the work must love him back because the results of our cooperation are beyond what I could expect."
Chambers Europe 2026, Real Estate – Spain - 'Carlos Portocarrero is a partner we always rely on for the services we need. He is always fully available, friendly and technically very good."
Chambers Europe 2026, Real Estate – Spain - "Carlos is a key player in the success of our transactions. His enthusiasm and commitment are extraordinary. All of our company's major, successful transactions have involved him."
Chambers Europe 2026, Real Estate – Spain - "He is a magnificent professional with whom we are delighted."
Chambers Europe 2026, Real Estate – Spain - "We know that if there is something complex we need advice on, Carlos Portocarrero is always there."
Chambers Europe 2026, Real Estate – Spain - Carlos Portocarrero de las Heras is identified in the Hall of Fame.
Legal 500 EMEA 2026, Real Estate and Construction, Spain - Co-head Carlos Portocarrero de las Heras specialises in real estate-related joint ventures. bidding processes. portfolio sales and corporate acquisitions.
Legal 500 EMEA 2026, Real Estate and Construction, Spain
- "Carlos Portocarrero is known for his excellent corporate real estate work. Commended for being client-oriented and personable, interviewees describe him as "splendid, a very reliable lawyer with fantastic technical skills and very good manners." He recently advised Bankia on the prospective sale and leaseback of a EUR400 million portfolio of real estate assets."
Chambers Europe: Spain, Real Estate (Band 1)