Dentons advised GLP, while DLA Piper and Pirola Pennuto Zei & Associati advised the sellers on the deal.
GLP, a leading investor and developer of logistics warehouses and distribution parks, executed the acquisition of a portfolio of seven logistics assets in Italy from “CCP IV IREF 2” Fund managed by Tristan Capital Partners and Celio Fund managed by BNP Paribas REIM SGR.
The assets are all grade A rated and have a total combined area of more 200,000 sq.m. They are located in the two main logistics hubs in Italy, Milan and Rome. Connected to major motorways, the properties are leased to leading players in the supply chain, transport, cosmetics and hospital equipment sectors.
Dentons acted with a multidisciplinary and multijurisdictional team led by partners Federico Sutti (Picture), Evan Lazar and Stewart Middleman, with support from associate Cristina Garlaschelli and trainee Marco Bertolofor real estate aspects; partner Federico Vanetti, with senior counsel Elena Macchi and associate Carla Piccitto, for administrative and environmental aspects; as well as partner Andrea Fiorelli, counsel Matteo Chinaglia and associate Simone Bertolami for tax aspects.
The DLA Piper team was led by partner Filippo Cecchetti, with Giulia Minetti Floccari and Piero Monacelli.
The Studio Pirola Pennuto Zei & Associati team was led by partner Claudio Schettini.
Involved fees earner: Simone Bertolami – Dentons; Marco Bertolo – Dentons; Matteo Chinaglia – Dentons; Andrea Fiorelli – Dentons; Cristina Garlaschelli – Dentons; Evan Lazar – Dentons; Elena Macchi – Dentons; Stewart Middleman – Dentons; Carla Piccitto – Dentons; Federico Sutti – Dentons; Federico Vanetti – Dentons; Filippo Cecchetti – DLA Piper; Giulia Minetti Floccari – DLA Piper; Piero Monacelli – DLA Piper; Claudio Schettini – Pirola Pennuto Zei & Associati;