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Noerr Budapest Advises on Hungarian Matters Related to Acquisition of IDI Gazeley's European Division

Noerr Budapest Advises on Hungarian Matters Related to Acquisition of IDI Gazeley's European Division

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Noerr, working alongside global counsel Mayer Brown, has advised IDI Gazeley on the USD 2.4 billion acquisition of its European division, Gazeley, by the Singaporean warehouse operator Global Logistic Properties. GLP acquired Gazeley from the portfolio of the Canadian real estate investor Brookfield Asset Management.

According to Noerr, "Gazeley, the European division of global logistics company IDI Gazeley, is a leading investor and developer of logistics warehouses and distribution parks with a 33 million square foot portfolio concentrated in Europe’s key logistics markets, namely the UK, Germany, France and the Netherlands."

Noerr advised IDI Gazeley on the legal aspects of the transaction in Germany and Hungary. The lead advisor from Noerr was Berlin-based Partner Astrid Frense, working with Budapest-based Partner Zoltan Nadasdy, and Berlin-based Associates Phil Patrick Beetz, Elfi Ludecke, and Hanna Pirlich.

Hungary Knowledge Partner

DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa, and Asia Pacific. This positions us to help clients with their legal needs around the world.

With more than 60 lawyers, including 14 partners, and a staff of over 140, DLA Piper Hungary is one of the largest international law firms operating in Hungary. What makes us stand out is that we offer not only legal services but also tax and business advisory support in a fully integrated manner. We maximize synergies between legal, tax, and business advisory services to offer a unique service for our clients, particularly in regulated industries such as energy, infrastructure, life sciences, banking, and telecommunications.

We are a true full-service firm, providing our private and public sector clients with advice on all aspects of their business. This includes transaction-related advice, people and employment, commercial dealings, litigation, information technology, media and communications, intellectual property, insurance, tax, real estate, and restructuring plans.

DLA Piper Hungary has received numerous professional awards and is consistently ranked among the top law firms in Hungary by international rankings. We are ranked #1 by Mergermarket among the law firms active in Hungary based on the volume of M&A deals handled between 2005 and 2024.

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