The Warsaw office of Greenberg Traurig advised Madison International Realty, a leading real estate private equity firm, on the preliminary agreement regarding the acquisition of a 46.5 percent stake in European Logistics Investment, holding a Polish real estate warehouse portfolio valued at around EUR 500 million, from majority owner Redefine Properties Limited. The transaction is subject to customary anti-trust approval and certain other conditions.
The Greenberg Traurig team is led by Partner Radomił Charzyński, who is supported by Senior Associate Kamil Majewski with respect to all real estate aspects of this transaction. The multidisciplinary team of experts also includes Partner Robert Gago, the Head of Greenberg Traurig’s Competition and Consumer Protection Practice, supported by Associate Filip Drgas, and Senior Associate Maciej Pietrzak, supported by Associate Magdalena Medyńska, responsible for the corporate aspects of the transaction, including negotiations of the share purchase agreement and other ancillary documents. Partner Stephen Horvath from the London office provides strategic supervision over the English law corporate aspects of the transaction and negotiations.
“Madison International Realty has been active on the Polish market since May 2018 when it acquired a 50 percent interest in the iconic Warsaw Spire Tower. We are immensely proud to have represented Madison in all its milestone investments in Poland, from its first transaction through the landmark acquisition of Capital Park and the sale of Warsaw Spire Tower,” said Radomił Charzyński.
“The opportunity to represent Madison International Realty in its first major logistics acquisition in Europe demonstrates a great level of trust, which we deeply appreciate,” added Jolanta Nowakowska-Zimoch, Partner and Head of the Real Estate Group at the Warsaw office of Greenberg Traurig.
The warehouse portfolio comprises 14 assets totaling around 560,000 sqm and spread across Poland’s key distribution centers of Warsaw, Łódź, Poznań, Kraków, and the Silesia and Pomerania Regions.
Madison International Realty is a global real estate private equity firm providing liquidity to owners and investors in A-class properties and portfolios.