The Warsaw office of Dentons has advised Reino IO Logistics on the acquisition by its investment vehicle Polish Logistics of logistics parks in Lodz, Poznan, Sosnowiec, Bielsko-Biala, and Rzeszow, from AEW Europe. Allen & Overy advised the seller.
The logistics parks portfolio, which was developed by Panattoni Europe, consists of approximately 209,000 square meters of aggregate gross leasable area, and consists of Panattoni Park Lodz East V, Panattoni Park Sosnowiec I, Panattoni Park Poznan III, Panattoni Park Bielsko-Biala II, and Panattoni Park Rzeszow.
Polish Logistics is an investment vehicle formed as a joint venture between Reino Capital, IO Asset Management, and the Grosvenor Group. Reino Capital is a venture capital fund and investment management platform active in the real estate sector in CEE.
AEW is an international provider of real estate investment management services. AEW manages EUR 69.8 billion of property and securities globally, it has over 750 employees, and it has offices in Boston, Los Angeles, London, Paris, Dusseldorf, Hong Kong, Seoul, Singapore, Sydney, and Tokyo, in addition to seven other European cities.
The Denton’s team included Partners David Dixon and Magdalena Szwarc-Brozyna, Senior Associate Paulina Dabek, and Associates Magdalena Witka and Maciej Kulpinski.
A&O’s team consisted of Partner Michal Matera, Counsel Piotr Przybylski, and Associates Krystyna Fatyga and Marta Strykowska.