White & Case Advises PointPark Properties on €523 Million Acquisition of Czech Logistics Portfolio
Global law firm White & Case LLP has advised PointPark Properties (P3), the specialist owner, developer and manager of European logistics properties, on the €523 million acquisition of a Czech logistics portfolio from two funds controlled by Tristan Capital Partners and VGP.
P3, owned by a leading global private equity firm TPG Capital and real estate company Ivanhoé Cambridge, has agreed to buy 58 warehouses and development land covering a total of 627,000 square metres in a number of strategic locations across the Czech Republic, including the capital Prague.
"We were very pleased to support our client on a landmark deal which continues its growth strategy and strengthens its position in the top rank of European logistics warehouse owners," said Prague-based partner Petr Panek, head of the White & Case real estate practice in Central & Eastern Europe. "This eye-catching acquisition is also one of the largest single logistics transactions by value in Europe of the past decade and the largest direct real estate deal in the history of the Czech Republic."
The White & Case team in Prague which advised P3 was led by partners Petr Panek, Damian Beaven and Jonathan Weinberg with support from local partners Václav Kubr, Ivo Janda and Jan Linda and associates Jan Stejskal, Karel Petržela, Marianna Galusová, Kamila Daňková, Eva Švrčková and Magda Olyšarová.
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