Dentons advised Deutsche Pfandbriefbank and UniCredit Bank Austria on their joint EUR 215 million senior facility to refinance the portfolio of five modern logistics parks located in the Czech Republic, Poland, and Slovakia.
The Class A portfolio is owned by Point Park Properties (P3) and spreads across Central and Eastern Europe. Two assets are situated in top logistics locations in Prague, one outside Bratislava, one in Mszczonow, near Warsaw, and one in Poznan. The logistics parks contain total warehouse space of more than 550,000 square meters, and a substantial land bank in these locations, which will be used for the development of additional warehouse and distribution space. The portfolio is almost fully leased to over 50 international tenants.
The Dentons team was led by Senior Associate Anna Hergottova, supervised by Partner Mateusz Toczyski, both working out of Dentons’ Warsaw office. Prague-based Partner Jiri Strzinek, Bratislava-based Partner Peter Kubina, and London-based Partner Lorraine Davis were also involved. Mateusz Toczyski, Co-head of Dentons’ banking team for Europe said: “We were pleased to have assisted Deutsche Pfandbriefbank and UniCredit Bank Austria jointly on successful completion of this challenging transaction which involved multiple parties in three jurisdictions. Seeing such a positive end result, we are keen to strengthen further the potential of our cross-practice and cross-country cooperation at Dentons.”