Linklaters has acted for Pan European Core Fund, one of the investment funds managed by CBRE Global Investors, in relation to the acquisition of the Ideal Idea logistic complex — a 30,500 square meter property located near the Warsaw Chopin airport. The seller was BPH Real Estate Closed-End Fund 2, General Electric's real estate investment arm in Poland.
Linklaters Warsaw was involved in and advised on all aspects of the transaction, including comprehensive due diligence and all transaction-related work. Linklaters Managing Associate Janusz Dzianachowski managed the legal team advising CBRE Global Investors with the support of Associate Kacper Piorecki. Jara & Partners is reported to have advised BPH on the deal.
This was the third acquisition by CBRE Global Investors in Poland in the past two years, all of which have been supported by Linklaters — including the fund’s acquisition of the Galeria Mazovia shopping center in Plock, Poland, this past summer (reported on by CEE Legal Matters on June 18, 2014).
