Dentons has advised Savills Investment Management on its acquisition of the Leroy Merlin distribution center near Lodz from Invesco Real Estate. The purchase, which was valued at approximately EUR 71 million, was made on behalf of Korean institutional investors managed by Vestas Investment Management.
According to Dentons, "the Leroy Merlin distribution center is the largest single storey build-to-suit logistics facility developed in Poland to date. The asset is located in Piatek, about 40 kilometers north of Lodz, and offers over 123,000 square meters of usable area."
Dentons' team was led by Partner Pawel Debowski and included Counsels Anna Garbula-Wegrzynowska, Agnieszka Nagorska-Kordeczka, and Krzysztof Kazmierczyk, Senior Associate Marcin Gruszka, and Associate Paulina Dabek.
Editor's Note: After this article was published, CEE Legal Matters learned that Greenberg Traurig had advised Invesco Real Estate on the deal. The firm's team was led by Partner Agnieszka Stankiewicz and included Associate Aleksandra Staromiejska.