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 located throughout Poland and the Czech Republic from Pramerica Real Estate Investors. The acquisition was completed via Logicor, Blackstone’s European logistics platform.

These standout logistics parks totaling 200,000 sq.m. include Panattoni Parks in Czeladź, Kraków, Gliwice and Błonie in Poland and Prague Airport in the Czech Republic; and Stolica Business Centre Łazy in Poland.

Dentons cross-border team was led by Stewart Middleman, Head of CEE Real Estate, and included Warsaw-based Partner Tomasz Stasiak and senior associates Agnieszka Nagórska, Anna Garbula-Węgrzynowska and Martyna Markiewicz, as well as Prague-based Counsel Michal Hink, Daniel Hurych and associates Eleanor Johnson, Adela Horakova and Hana Hrbáčová.

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.” 

Evan Lazar, Co-Chair of Dentons’ Global Real Estate added: “In the past, Dentons European Real Estate Group has helped Blackstone grow its footprint and portfolio in Europe advising retail and hospitality transactions in jurisdictions such as France, Poland, the Czech Republic and Turkey.  We were pleased to have the opportunity to now advise them on logistics assets in CEE.”

The Global Real Estate Group at Dentons, with nearly 600 professionals, is one of the largest dedicated global real estate teams among the world’s leading international law firms and is a market leader in Canada, the US, continental and Emerging Europe, the Middle East, Asia and Africa.  Dentons Global Real Estate team offers specific, industry sector advice in Real Estate Development and Construction, Real Estate Finance, and Real Estate Investment.

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