Dentons' real estate team has advised Blackstone, the global investment and advisory firm, on the acquisition of a portfolio of 6 logistics and distribution parks from Pramerica Real Estate Investors.
The 6 parks are located throughout Poland and the Czech Republic. The acquisition was completed via Logicor, Blackstone’s European logistics platform. These standout logistics parks totaling 200,000 square meters include Panattoni Parks in Czeladz, Krakow, Gliwice, and Blonie in Poland and Prague Airport in the Czech Republic; and Stolica Business Centre Lazy in Poland.
Dentons cross-border team was led by Partner and Head of CEE Real Estate Stewart Middleman, and included Warsaw-based Partner Tomasz Stasiak and Senior Associates Agnieszka Nagorska, Anna Garbula-Wegrzynowska, and Martyna Markiewicz, as well as Prague-based Counsel Michal Hink and Daniel Hurych and Associates Eleanor Johnson, Adela Horakova, and Hana Hrbacova.
Stewart Middleman commented: “We are pleased that the multi-jurisdictional and comprehensive advice of our Warsaw and Prague-based real estate and finance teams has resulted in the successful project completion for our client. The acquisition of such a premier portfolio further strengthens Logicor’s position in the logistics sector throughout Central and Eastern Europe.”