10/02/2023 | Press release | Distributed by Public on 10/02/2023 03:27
WARSAW - 2 October 2023 - Greenberg Traurig advised P3 Logistic Parks on the acquisition of two logistics parks located in Szczecin and Łódź from logistics property developer 7R.
The logistics parks developed by 7R comprise 61 450 sqm and 34 420 sqm respectively, and are both completed and fully leased.
The acquisition completed in Szczecin and Łódź was one of the largest transactions in the Polish logistics market this year.
The Greenberg Traurig team was led by Senior Associate Karol Lewandowski, supported by Associate Paulina Horodeńska-Wieczorek. Local Partner Maciej Kacymirow and Associate Mateusz Rogulski were responsible for the tax aspects of the transaction. The due diligence team included Associates: Alicja Kwiatkowska, Daria Kostewicz, Alicja Flis, Junior Associates: Justyna Kozik and Hanna Żaboklicka as well as Przemysław Susoł. Partner Maciej Jodkowski supervised all work on the transaction.
"Congratulations to P3 Logistic Parks on the completion of another significant acquisition on which we were pleased to assist this year. The newly acquired assets are situated in strategic locations and are valuable additions to the Client's portfolio in Poland," said Maciej Jodkowski.
P3 is a long-term investor, manager and developer of European warehouse properties in Europe, 100% owned by GIC, the sovereign wealth fund of the Government of Singapore. P3's portfolio of modern assets in Poland amounts to more than 1,350,000 sqm GLA in the country's most important logistics locations.
Greenberg Traurig LLP
Greenberg Traurig, LLP is a global, multi-practice law firm with approximately 2650 attorneys serving clients from 47 offices in the United States, Latin America, Europe, Asia, and the Middle East.
GREENBERG TRAURIG Nowakowska-Zimoch Wysokiński sp.k. was named the 2021 Poland Firm of the Year at the highly esteemed Euromoney Legal Media Group "Women in Business Law Awards 2021 Europe" and the 2021, 2019, 2018 Law Firm of the Year in Poland by International Financial Law Review (IFLR). The Warsaw office of Greenberg Traurig, LLP provides legal services to clients in Central Europe and beyond and consists of approximately 100 lawyers. Team members are regularly recognized as leaders in numerous practice areas. Chambers Global, Chambers Europe, IFLR1000 and EMEA Legal 500 consistently rank them among the top tiers the areas of Corporate/M&A, Capital Markets, Real Estate, Private Equity, Tax, Banking and Finance, Project Finance, Energy, Dispute Resolution, TMT and Competition/Antitrust.
About Greenberg Traurig's Real Estate Practice
Greenberg Traurig's Global Real Estate Practice is a cornerstone of the firm and recognized leader in the industry. The firm's real estate attorneys deliver diversified and comprehensive legal solutions for property acquisition and investment, development, management and leasing, financing, restructuring, and disposition of all asset classes of real estate. The team draws upon the knowledge and experience of 700 real estate lawyers from around the world, serving clients from key markets in the United States, Europe, the Middle East, and Latin America. The group's clientele includes a broad range of property developers, lenders, investment managers, private equity funds, REITs, and private owners. The firm's real estate team advises clients on a variety of matters across a broad spectrum of commercial, recreational, and residential real estate, including structured equity and debt and the hybrids.
Greenberg Traurig's real estate team in Warsaw consists of 40 top-rated specialists who cover a broad spectrum of core real estate and additional practices. The team offers clients an unparalleled level of legal experience and service in Poland and within Central Europe.
For more information, please visit www.gtlaw.com.