Greenberg Traurig advised GLP, a leading global investment manager and business builder in logistics, real estate, insurance and related technologies, on the Polish aspects related to the acquisition of Goodman Group’s Central and Eastern Europe logistics real estate portfolio. The transaction was subject to customary regulatory approvals. The unconditional clearance by the Polish Competition Authority (UOKiK) was secured in May 2020.
Local Partner Dominik Rafałko was responsible for leading the 20-person team of experts working on the Polish aspects of the transaction. The multidisciplinary team included members of: the real estate team – Associates: Aleksandra Kaczmarek, Jakub Gajzler, Maxymilian Rybczyński, Alicja Flis and Aleksandra Staromiejska; the corporate team – Associates: Michał Bałdowski, Tomasz Szekalski, Grzegorz Socha and Jakub Tarłowski supervised by Partner Rafał Sieński; the banking and finance team – Senior Associate Paweł Jaśkiewicz and Associate Iga Czerniak supported by Senior Associate Magdalena Bachleda-Księdzularz, Associates Maja Gawrysiuk and Katarzyna Goljan, supervised by Partner Aleksander Janiszewski; the employment team – Local Partner Anna Hałas-Krawczyk and Associate Natalia Wołkowycka, and the antimonopoly team –Senior Associate Radosław Pawluk, Associates Filip Drgas and Marta Kownacka, supervised by Partner Robert Gago. Jolanta Nowakowska-Zimoch, Partner and Head of Real Estate in Poland, provided strategic advice regarding all aspects of the transaction.
In addition, Goodman Group’s Central and Eastern European approximately 40-strong team in the region will join GLP’s European team, Gazeley, upon the completion of the transaction. The acquired 2.4 million sqm portfolio is concentrated on key logistics routes across the region with access to growing markets for e-commerce and distribution. The acquisition of the portfolio follows a broader European expansion since GLP entered the market at the end of 2017.
GLP operates across Brazil, China, Europe, India, Japan, and the U.S. and has approximately USD 89 billion in assets under management in real estate and private equity funds.
Kirkland & Ellis served as legal counsel to GLP, while Kinstellar provided local legal advice with respect to the Czech, Slovak and Hungarian aspects of the transaction.