CMS and Peterka & Partners Advise on Gramercy Europe Acquisition of KiK Logistics Centre in Slovakia

CMS and Peterka & Partners Advise on Gramercy Europe Acquisition of KiK Logistics Centre in Slovakia

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CMS has advised Gramercy Europe, acting through its fund Gramercy Property Europe III, on the successful acquisition of the KiK Logistics Centre near Dunajska Streda, Slovakia, from Go Asset and ECE European City Estates. Peterka & Partners advised the sellers on the deal.

CMS describes London-based Gramercy Europe as "a leading real estate investment fund manager focused on single tenant logistics and light industrial properties located across Europe," and says that "it has a focus on Germany, the Netherlands, France, and Spain although it has an active investment pipeline covering many European countries – and the KiK Logistics Centre is Gramercy’s first investment in Slovakia."

CMS reports that the KiK Logistics Centre, which is leased by the German textile discount store chain KiK (KiK Textilien und Non-Food), a subsidiary of German holding company Tengelmann Group, has been built and developed in the area of Kostolne Kracany, near Dunajska Streda. According to the firm, "the facility offers more than 55,000 square meters and serves as distribution centre to supply Austria, Slovakia, Czech Republic, Poland, Hungary, Croatia, and Slovenia. The center was built in cooperation with the Atrios architectural studio. It was the first logistics park in Slovakia awarded under DGNB Certification System with a gold certificate by the Austrian sustainable building council."

The CMS team advising Gramercy was led by Partner Helen Rodwell and included Partner Pavla Kreckova, Senior Associate Frances Gerrard, Counsel Michal Hutan, Associates Dusan Predny and Martin Balaz, and Lawyers Dusan Vanek and Michaela Nemethova.

The Peterka & Partners team was led by Senior Associate Lubomir Lesko, working with Senior Associate Marian Lauko and Associate Stanislava Kissova.