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White & Case and Schoenherr Advise on TPG Real Estate's EUR 470 Million Sale of Czech and Slovak Logistics Parks to Blackstone

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White & Case has advised TPG Real Estate on the EUR 470 million sale of CT Real Estate to funds managed by Blackstone. Schoenherr, working with Simpson Thacher & Bartlett, advised Blackstone. Talers reportedly advised TPG Real Estate as well.

Blackstone is an alternative asset manager with more than USD 1.1 trillion in assets under management.

Established in 1992, TPG is an alternative asset manager with USD 239 billion in assets under management.

CTRE is a portfolio of ten logistics parks located in the Czech Republic and Slovakia. According to White & Case, CTRE’s portfolio, which initially began in 2019 with a EUR 90 million investment in partnership with local landlord Contera, has since quadrupled to approximately 500,000 square meters of strategically located logistics facilities. 

The White & Case team included Partners Petr Panek, Vaclav Kubr, and Jan Linda, Local Partner Karel Petrzela, Counsels Magda Olysarova and Vladimir Ivanco, and Associates Barbora Vaculova and Katerina Hudeckova.

The Schoenherr team included Partners Vladimir Cizek, Sona Hekelova, and Michal Lucivjansky, Counsels Otakar Fiala, Zuzana Hnatova, and Peter Devinsky, Senior Attorneys at Law Jiri Marek, Petr Koral, and Jan Kupcik, Attorneys at Law Sebastian Speta, Kristyna Zmatlikova, Pavel Bederka, Katerina Leheckova, Natalie Dubska, Karolina Hlavinkova, Ales Prochazka, Jan Farbiak, and Tomas Silhanek, and Associates Marek Fuchs, Matus Vajci, Tatana Adamova, and Maria Gabriella Manzone.