BERLIN – Dec. 13, 2024 – Greenberg Traurig advised GLP Capital Partners (GCP) on the acquisition of three German logistics properties from SEGRO European Logistics Partnership (SELP). The fully let portfolio comprises properties in Neuenstadt, Grevenbroich-Kapellen, and Malsfeld with a total lettable area of 129,000 square meters. The value of the transaction has not been disclosed.
GCP is a leading global alternative asset manager specialising in real assets and private equity.
The Greenberg Traurig team supported GCP in the negotiation and drafting of the purchase agreement as well as in the legal and tax due diligence.
Background:
This transaction builds on Greenberg Traurig's longstanding relationship with GCP regarding logistics transactions. Most recently, the firm advised the company on the acquisition of a property in Philippsburg, near Karlsruhe, as part of a sale-and-leaseback transaction.
About Greenberg Traurig: Greenberg Traurig, LLP has more than 2750 attorneys in 48 locations in the United States, Europe and the Middle East, Latin America, and Asia. The firm is a 2024 BTI “Leading Edge Law Firm” for delivering on client expectations for the future and is consistently among the top firms on the Am Law Global 100 and NLJ 500. Greenberg Traurig is Mansfield Rule Certified Plus by The Diversity Lab. The firm is recognized for powering its U.S. offices with 100% renewable energy as certified by the Center for Resource Solutions Green-e® Energy program and is a member of the U.S. EPA’s Green Power Partnership Program. The firm is known for its philanthropic giving, innovation, diversity, and pro bono. Web: www.gtlaw.com.