Linklaters has advised the Garbe Industrial Real Estate fund Garbe Logistics Real Estate Fund Plus III on its EUR 650 million acquisition of a logistics properties portfolio. Greenberg Traurig advised the seller.
According to Greenberg Traurig, “the portfolio consists of 22 properties in Germany and Poland with approximately 400,000 square meters of rental space.”
Garbe is a German logistics and industrial properties specialist, operating in Europe.
“We set up the GLIF+III during a very challenging market cycle,” Garbe Managing Partner Christopher Garbe commented. “On the part of our clients, it is thus a remarkable sign of confidence in the logistics real estate market, in the fund strategy, and in the competencies of Garbe as leading manager and developer of logistics real estate in Europe. This represents a strategic milestone, and is the result of our active European expansion strategy.”
The Greenberg Traurig team included Warsaw-based Partner Jolanta Nowakowska-Zimoch and Associate Aleksandra Kaczmarek, as well as a team from the firm’s Berlin office.
The Linklaters team included Warsaw-based Of Counsel Adriana Andrzejewska and Associate Mateusz Korecki.