SEGRO European Logistics Partnership (SELP) acquires €100 mln of prime logistic assets in Poland

Award:

Investment Deal of the Year, CEE

Name of deal:


SEGRO European Logistics Partnership (SELP) acquires €100 mln of prime logistic assets in Poland

Value of the transaction (in EUR):

€100 million


Yield:

WND

Seller, plus brief information about the company:

Tristan Capital Partners


Consultancy which advised Seller:

none


Purchaser, plus brief information about the company:




SEGRO on behalf of SEGRO European Logistics Partnership (‘SELP’) - JV established in October 2013 and holding €1.6 billion of assets under management (as at 30 June 2014) across six Continental European countries. With SEGRO acting as asset, property and development manager for the joint venture.

Consultancy which advised Purchaser:

JLL, legal advice – Clifford Chance and Dentons, tax advice – PWC


Financing institution:

WND

Why this deal should be considered for the award:











In June 2014 SEGRO, acting on behalf of SELP, acquired €100 mln of prime logistics assets in Poland. The portfolio includes three assets in Poland totalling 171,000 sq m, situated on the outskirts of Warsaw, Lodz and Poznan, all established locations for SEGRO. This acquisition, being part of larger pan-European transaction (the other assets located in Germany and France), underlines SEGRO’s strategy of building scale and expanding its presence in its target Continental European logistics markets. The off-market acquisition of this significant portfolio, just few months after the creation of SELP, has increased the joint venture’s position in some of the best logistics markets in Europe by almost 50 per cent. The assets have delivered an attractive income yield from modern, flexible buildings and strong covenants.



Panattoni-23

Main Sponsor

Programme Sponsor

Charity Event Partner

Special Photo Event Sponsor

Welcome Drinks Sponsor