Blackstone acquisition of Panattoni portfolio.

Award:Investment Deal of the Year, CEE
Name of deal:Blackstone acquisition of Panattoni portfolio.
Value of the transaction:223 milion Euro
Yield:N.A
Seller, plus brief information about the company:Panattoni Europe – the leading warehouse and industrial space developer.
Consultancy which advised Seller:CBRE
Purchaser, plus brief information about the company:Blackstone - a premier global investment and advisory firm.
Consultancy which advised Purchaser:EC Harris, JonesLangLaSalle, Greenberg
Financing institution:Bank Pekao S.A, Helaba Landesbank Hessen-Thüringen
Please say why this deal should be considered for the award:Panattoni disposed of two portfolios of logistics assets located in Poland, totalling more than 402,000 sqm of space and worth 223 M EUR to affiliates of LogiCor, the pan-European logistics platform established by the Blackstone Group (NYSE:BX). The first transaction consisted of 4 investments located in Poland's key logistics markets, totalling 218,000 sqm of space. The projects were previously held by a joint-venture between Panattoni and another investor.The acquisition was financed by a loan extended by Bank Pekao S.A.The transaction amounted to 118,5 M EUR.The second transaction consisted of a portfolio of 9 newly built logistics facilities, with a total space of 184,000 sqm. The portfolio was developed in cooperation with Pramerica Real Estate Investors specialising in managing real estate investments and advisory services. The acquisition was financed by a loan extended by Helaba Landesbank Hessen-Thüringen to the affiliates of LogiCor. The transaction amounted to 104.5 M EUR.


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