Acquisition of 627,000 sqm

Award:

Investment Deal of the Year, CEE

Name of deal:

Acquisition of 627,000 sqm

Value of the transaction (in EUR):

523 million


Yield:

n/a

Seller, plus brief information about the company:


VGP industriální stavby s.r.o. and Tristan Capital Partners. VGP Group designs, constructs and leases out logistics complexes and semi-industrial parks in the region of Central and Eastern Europe.

Consultancy which advised Seller:

CBRE s.r.o.


Purchaser, plus brief information about the company:

P3 Logistic Parks. P3 is a specialist owner, developer and manager of European logistics properties.

Consultancy which advised Purchaser:

CBRE s.r.o.


Financing institution:

ČSOB, Komerční Banka, Česká spořitelna

Why this deal should be considered for the award:










P3 acquired 627,000 m2 of logistics warehouses in the Czech Republic for €523 million in August 2014 in one of the largest single real estate investment deals ever done in this market and also the fourth biggest logistics transaction in Europe since the start of 2012. This investment is significant because together with other deals in the Czech Republic, Poland, Romania and Italy, the doubling in size of P3, in the space of just eight months since the company was acquired by private equity firms TPG and Ivanhoé Cambridge in October 2013. The transaction propels P3 into the “Top Five” of European logistics providers with a platform that extends from Madrid to Bucharest and makes P3 the second largest company in the sector in the Czech Republic.



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