Rymarz Zdort has advised Griffin Real Estate on a joint venture agreement with Madison International Realty for the development of two build-to-suit properties in Germany.
According to Rymarz Zdort, the properties, which will be developed by Panattoni, will total over 16,000 square meters and will be leased to Amazon for a period of 15 years and the total value of the investment is estimated at EUR 80 million.
Griffin Real Estate is a private equity investment and asset manager in the real estate sector in CEE.
Madison International Realty is a New York-based investment platform focused on providing liquidity to real estate owners and investors.
Rymarz Zdort’s team consisted of Partner Piotr Fedorowicz and Associates Tomasz Karkowski and Izabela Skrzypczak.
The firm was not able to provide further information about the deal.
