Dentons advised P3 Logistic Parks on the Polish and Romanian aspects of a €1.4 billion pan-European refinancing of its logistics portfolio. Financing in Poland and Western Europe was provided by Morgan Stanley with Pbb as agent, in Romania by Raiffeisen Bank International, and in the Czech Republic and Slovakia by ČSOB, ČSOB Slovakia, Komerční Banka, UniCredit Bank and Česká Spořitelna.

P3 is owned by TPG Real Estate and Ivanhoé Cambridge. One of Europe’s largest fully integrated logistics platforms, P3 owns logistics parks and warehouses in nine European countries with a total warehouse space exceeding 3.3 million square meters.

The transaction was led by Partner Perry Zizzi with the support of a cross-border team of more than 40 lawyers and professionals from Dentons’ Real Estate, Banking and Finance and Corporate practices. The team performed due diligence on the Polish and Romanian portfolios and negotiated loan documentation.

The Dentons team advising on the deal included:

• Warsaw: Partner Mateusz Toczyski, Senior Associates Iwona Huryn, Magdalena Szwarc-Brożyna and Jakub Wieczorek, Associates Olga Ziegler, Natalia Ławniczak-Kozioł, Dorota Mierzejewska, Robert Semczuk, and Jan Zaremba
• Bucharest: Partner Perry Zizzi, Managing Counsel Magdalena Raducanu, Partner Bogdan Papandopol, Senior Associates Oana Ionascu, Madalina Trifan, and Associates Argentina Rafail and Razvan Constantinescu
• Prague: Partner Daniel Hurych, Counsel Eleanor Johnson, Associate Lucie Siva

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