DLA Piper has advised Blackstone on the acquisition of a pan-European portfolio of 18 logistics assets from SEB Investment GmbH ('SEB'), valued in excess of €275 million. The transaction is the most geographically diverse logistics portfolio to ever be sold in Europe.
The 18 property portfolio is spread across eight European countries: Austria; France; Germany; Hungary; the Netherlands; Norway; Spain and the United Kingdom.
SEB held the portfolio across various funds, including three in special purpose vehicles. The final phase of the sale of the portfolio completed on September 15, with the two prior closing over two dates in July earlier this year.
Partner Jo Owen led the cross-border team with assistance from Carsten Loll (partner) and Vikki McKay (legal director). Other members of the team included Oscar Winkler (partner, Finance & Projects), Clemens Bärenthaler (Of Counsel, Vienna), Antoine Mercier (partner, Paris), Myriam Mejdoubi (senior associate, Paris), Attila Remes (senior associate, Budapest), Gabor Hollos (senior associate, Budapest), Rutger Oranje (partner, Amsterdam), Barbara Rybka (senior associate, Munich), Ewoud de Vries (associate, Amsterdam), Anders Bergene (partner, Oslo), Truls Moe Kolstad (associate, Oslo), Orson Alcocer (partner, Madrid), Jorge Garcia Carrique (associate, Madrid), Mark Johnson (senior associate, Sheffield) and Ben Hunt (trainee, Sheffield).
Jo said: "This was a fantastic opportunity for DLA Piper to showcase our true European capabilities. We are delighted to have advised Blackstone on such an interesting transaction, with the team working to an extremely challenging timescale."