Norton Rose Fulbright has advised ING Bank, a branch of ING-DIBA AG, on a loan facility made available to Hines Poland Sustainable Income Fund for the acquisition of a logistics portfolio in Poland from NBGI Private Equity. Clifford Chance advised Hines on both the financing and the acquisition, while Dentons advised NGBI on the sale.
The portfolio acquired by Hines consisting of 5 warehousing centers covering a total of 126,289 square meters, in the Polish cities of Torun, Myslowice, Legnica, Garwolin, and Grodzisk Mazowiecki. The exclusive tenants of the facilities are Cereal Partners Worldwide, Intermarche, Faurecia Automotive, Avon, and Gefco, respectively.
Hines is a leading US real estate firm involved in real estate investment, development and property management worldwide. The portfolio it acquired from NGBI is managed on behalf of Hines Poland Sustainable Income Fund by Hines Polska.
The Norton Rose Fulbright team in Warsaw was led by Partner Grzegorz Dyczkowski, assisted by Of Counsel Adam Kozlowski, Senior Associate Tomasz Rogalski, and Associates Maksymilian Jarzabek and Konrad Leszko, as well as Adrian Wieslaw and Michal Banasiak.
The Clifford Chance team advising Hines both on the financing it received from ING Bank and on the acquisition of the logistics portfolio was led by Partner Daniel Kopania and consisted of Counsel Marcin Krysa, Senior Associate Aleksandra Jach, and Associate Tomasz Walerowicz.
The Dentons team advising NGBI was supervised by Partner Pawel Debowski, supported by Senior Associate Maciej Jodkowski and Associate Lukasz Morgas.
