Dentons and Kirkland & Ellis have represented GIC, Singapore’s sovereign wealth fund, on the acquisition of the Maximus logistics real estate portfolio from funds managed by Apollo Global Management, a US-based private equity firm. Noerr advised the sellers on the transaction, which was signed in December 2019 and closed on January 31, 2020, and which was valued at approximately EUR 950 million.
The one million square meter portfolio includes 28 assets in logistics hubs across Europe, including Germany, Poland, Slovakia, Netherlands, Belgium, and Austria. Through the acquisition, GIC plans to expand its European logistics platform, P3 Logistic Parks. Dentons describes the deal as "one of the largest real estate investment deals signed in Europe in 2019 and the largest in Germany."
Dentons' team was led by Prague-based Partner Evan Lazar and included Prague-based Partner Stewart Middleman and Bucharest-based Partner Perry Zizzi, as well as Counsels Sona Taghiyeva and Gary Maguire, and Senior Associate Lawrence Florescu, as well as, among others, Partner David Zafra Carollo, Counsel David Lange, Senior Associate Alexander Muhleisen, and Associates Arndt Dobroschke and Michael Bayliss in Germany; Partner Dirk-Jan Gondrie and Associate Stephanie Proost in Amsterdam; Managing Counsel Martin Mendel and Associates Tatiana Mergesova and Sona Kurillova in Bratislava; Partner Piotr Staniszewski, Counsel Michal Siwek, Aenior Associate Joanna Misztal-Dzitko, and Associates Krzysztof Mielech, Karolina Bandzul, and Kamil Igielski in Warsaw.
Noerr's team included Warsaw Associated Partner Pawel Zelich and Bratislava-based lawyers Adam Pichler and Martin Tupek, along with, in various German offices, lawyers Holger Alfes, Christoph Brenzinger, Carmen Bohn, Janina Diesem, Henrik Dornscheidt, Michaela Engel, Florian-Felix Marquardt, Ariane Neubauer, Bartosz Ostrowski, Ulrike Sommer, Martin Tupek, and Aleksandra Vujinovic.