PRAGUE—PointPark Properties, a European logistics specialist, has agreed to pay $690 million (€523 M) for a portfolio of logistics properties located in the Czech Republic.
The deal includes 6.75 million square feet (672,000 square meters) of logistics warehouses and associated development land from two funds advised by Tristan Capital Partners and VGP. The package is comprised of 11 logistics parks consisting of a total of 58 warehouses, and additional development land.
The sale is the biggest single deal for Tristan since the firm was established by CEO Ric Lewis five years ago and is the fourth largest logistics portfolio transaction in Europe since the start of 2012, when activity in the market began to gather pace, according to Real Capital Analytics (RCA) data. The transaction follows P3's acquisitions in Italy last month and others earlier this year.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
