Thursday, August 13, 2020
Home News Warehousing, logistics and industrial Dentons advises Tristan Capital Partners on a mega €523 million logistics portfolio...

Dentons advises Tristan Capital Partners on a mega €523 million logistics portfolio sale to P3

Dentons Global Real Estate team has acted as legal counsel to Tristan Capital Partners, an international real estate investment manager, on the €523 million sale of a portfolio of 58 warehouses and development land in the Czech Republic to Point Park Properties, Prague-based specialist owner, developer and manager of European logistics properties. The portfolio was sold jointly by Tristan and VGP, JV partners, and forms one of the largest single logistics transactions by value in Europe in the last few years.

The modern asset portfolio in 11 logistics parks totals 627,000 sqm of lettable space and also includes 36 hectares of development land, primarily around Prague. At the core of the transaction is VGP Park Horní Počernice, one of the largest logistics parks in the Czech Republic, which VGP has been developing since 2006. Other properties were constructed within the last seven years and are strategically located in key hubs like Plzen, Liberec, Hradec Kralova and Olomouc.

VGP will continue providing property and facility management services to the sold portfolio.

Most Popular

M7 acquires Katowice office building for new CEE fund

M7 Real Estate has undertaken its first acquisition on behalf of M7 CEREF II, its value-add opportunities fund focused on offices and...

Metropol Group acquires five shopping centres in Poland

Greenberg Traurig advised Metropol Group on the acquisition of a shopping centre portfolio, consisting of five regional convenience stores is located in...

Weerts Group to start new warehouse development near Budapest

The logistics sector of Hungary is booming with foreign investors continuing to be optimistic about the market outlook. The latest evidence of...

Panattoni sells two city logistics parks in Warsaw to LaSalle

Panattoni and Marvipol have sold two city logistics parks in Warsaw to LaSalle Investment Management. The facilities, totalling nearly 25,000 sqm, were...