P+P advises Singapore-based sovereign wealth fund GIC on acquisition of P3 Logistic Parks

Sovereign wealth fund GIC of Singapore has acquired the logistics groups P3 Logistic Parks from its former owners TPG Real Estate and Ivanhoé Cambridge. At a volume of EUR 2.4 bn., the transaction is one of the largest real estate deals of the year in Europe.

P3 is one of the largest owners, developers and managers of logistics real estate properties in Europe. The company has warehouses in 62 locations in nine countries. The portfolio in Germany includes a total of 9 logistics centers and some areas that are currently under development.

P+P Pöllath + Partners advised GIC on all aspects of the transaction in Germany with the following team:

• Dr. Wolfram Pätzold (partner, lead, real estate, Munich)
• Dr. Matthias Werner (senior associate, real estate, Berlin)
• Michael Wichert (senior associate, real estate, Berlin
• Tobias Jäger (counsel, M&A/PE, Munich)
• Carsten Albert (senior associate, M&A/PE, Munich)
• Philipp Kopp (associate, M&A/PE, Munich)
• Pascal Köstner (associate, M&A/PE, Munich)
• Daniel Wiedmann (counsel, antitrust law, Frankfurt
• Dr. Jens Linde (counsel, financing, Frankfurt)
• Michael Schuhmacher (senior associate, financing, Frankfurt)