DLA Piper Facilitates Major Logistics Park Investment in Lisbon
One of the most significant moves in Portuguese real estate is unfolding in the Lisbon Metropolitan Area. Legal heavyweight DLA Piper has been instrumental in advising Barings, a leading global asset manager, and Panattoni, a renowned industrial real estate developer, on a notable logistics park project. This endeavor involves the acquisition of a sprawling land site for the construction of a cutting-edge logistics facility.
Joint Venture Details
In a strategic partnership, Barings collaborated with Panattoni to make this real estate investment move. Their joint venture sets its sights on purchasing properties from the renowned materials manufacturer, Saint-Gobain. The anticipated development of this park would cover a vast area of 85,000 square meters, cementing its place as one of the largest logistics facilities in the Lisbon Metropolitan Area.
DLA Piper’s Legal Expertise
DLA Piper’s team provided comprehensive legal assistance, playing a crucial role in the project from start to finish. Their accompanying services included conducting due diligence on the properties, negotiating and executing the promissory sale and purchase agreement, and concluding the final sale and purchase deed, all in collaboration with Panattoni.
Regional Expertise and Key Team Members
In Portugal, DLA Piper’s Partner Luís Filipe Carvalho led the charge, coordinating efforts to secure the logistics park investment. In Spain, Partner Orson Alcocer contributed his expertise. The dedicated legal team also included Senior Associates Paulo Anjo and Alejandro Marquez Carretero, along with Associates Francisco Maria Rodrigues and Cidália Correia, who supported the transaction.
Project Overview
The project will involve an initial acquisition of 210,000 square meters of land in Santa Iria, strategically located for logistics purposes. DLA Piper’s meticulous legal strategy will ensure that the development happens seamlessly, culminating in the construction of logistics buildings on this extensive property. The envisioned logistics park in Lisbon Area will cater to evolving global demands and offer first-rate facilities to its potential users.
The logistics park is poised to become a significant asset in the European logistics landscape, fulfilling growing business needs in a rapidly evolving market. Its central location in the Lisbon Metropolitan Area will allow for optimal transport solutions and easy access to major highways, helping streamline operations for the future users.
About Barings
As a premier global asset management firm with over $421 billion under management, Barings has built a reputation for innovation and delivering superior returns to investors. The firm specializes in a wide range of investment strategies, including fixed income, real assets, and capital solutions, across public and private markets. By leveraging their expertise and financial resources, Barings ensures its partners and clients receive the best possible financial advice and support.
Conclusion
In conclusion, DLA Piper’s exemplary legal services have been integral to the successful acquisition and development of this substantial logistics project in Lisbon. By advising Barings and Panattoni, they have paved the way for a modern logistics park that will shape the future of logistics in Portugal. This venture is a testament to the firm’s commitment to delivering high-quality, expert legal advice to the world’s leading organizations.
If you’re interested in the dynamic world of logistics real estate or want to learn more about DLA Piper’s services, we invite you to subscribe to our newsletter for exclusive insights and updates. Share your thoughts in the comments section below and join us in this exciting journey!
