Clifford Chance has advised real estate investment trust P3 Spain Logistic Parks on the restructuring of its European logistics portfolio.
According to Clifford Chance, "the transaction consisted of a cross-border restructuring involving the contribution to the Spanish REIT of 5 entities, thereby increasing the gross asset value of P3 Spain Logistic Parks SOCIMI's logistics portfolio."
According to the firm, the new contribution was higher than the original value of P3 Spain, "leading to a special new listing process on BME Growth," the small and medium enterprise market of the Spanish Stock Exchange. "The listing of the newly issued shares in the BME MTF Equity segment was approved by BME Growth on September 27, 2021."
Clifford Chance’s team included Counsels Petr Sebesta and Michal Jasek and Associates Jakub Vesely and Martin Urban, in the Czech Republic, and Partner Pablo Serrano de Haro and Associates Fernando Escribano, Carlos Carrera, Lucia Herrero, and Samuel Rosas, in Spain.