DLA Piper has advised DHL on the sale of a real estate portfolio including ten sites across Poland and five other European markets.
"The 14 units, totaling 400,000 square meters and constructed across ten development sites, are located across major logistics markets in Germany, the Netherlands, Sweden, Finland, Italy, and Poland," DLA Piper informed.
According to the firm, "a first tranche of the warehouse portfolio comprising five facilities covering a total of 200,000 square meters was already sold to Allianz Real Estate. These assets located in the Netherlands, Poland, and Finland will be completed between the first quarter of 2023 and the first quarter of 2024. After completion, DHL Supply Chain will lease at least 85% of the facilities on a long-term basis."
DHL specializes in the logistics industry and provides services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air, and ocean transport to industrial supply chain management. The company is present in around 220 countries.
The DLA Piper team was led by Frankfurt-based Partner Fabian Muhlen and Senior Associate Moritz Mursa and included Warsaw-based Partner Michal Pietuszko, Senior Associates Justyna Bartnik and Milena Nerwinska, and Associate Milosz Dykacz, as well as teams from the firm’s Cologne, Amsterdam, Milan, Stockholm, and Helsinki offices.