Home Legal Advice Dentons advises BentallGreenOak on its first funding within the warehouse market in...

Dentons advises BentallGreenOak on its first funding within the warehouse market in Poland

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Dentons suggested BentallGreenOak, a world funding supervisor working on the business actual property market, on the acquisition of a portfolio of three warehouses belonging to 7R Park Tczew (Northern Poland). Purchased from the developer 7R, the funding contains two current services and one other one to be developed under the DMA (Development Management Agreement) and commissioned by the top of 2021. This was BentallGreenOak’s first funding transaction in Poland.

7R Park Tczew is a posh of 5 trendy A-class warehouse services positioned close to TriCity. The bought portfolio contains two current buildings with a complete space of roughly 39,000 sq. m. and one other one, at the moment under building, that may in the end supply tenants over 10,000 sq. m. of gross flooring space. All buildings are characterised by the very best commonplace of improvement, and their house may be flexibly tailored to various kinds of enterprise activity together with manufacturing. The location of 7R Park Tczew in Pomeranian Special Economic Zone (Pomeranian SEZ) makes it extra enticing on account of handy circumstances for native enterprise improvement.

Dentons’ Real Estate and Banking and Finance groups in Warsaw suggested BentallGreenOak. Piotr Szafarz, Head of Dentons’ Real Estate apply in Poland and in CEE, supervised the transaction, which was led by senior affiliate Olga Ziegler and affiliate Maciej Roman. Associates Joanna Popławska and Paulina Horodeńska-Wieczorek offered the shopper with the transactional help.

Partner Piotr Nerwiński, senior affiliate Anna Hergottová and affiliate Jan Zaremba suggested on the monetary features of the deal. Senior Associate Christophe Renaudin suggested on the Luxembourg features of the transaction.

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