London/Milan -- Paul Hastings LLP, a leading global firm, has advised Aareal Bank on the financing of the acquisition by PointPark Properties (P3), a specialist owner, developer and manager of European logistics properties, of five prime logistics buildings in Italy. The buildings around Milan comprise a total area of more than 200,000 m². Four of the warehouses were acquired from Logistis, a fund managed by AEW Europe. Separately, P3 has also completed the acquisition of a 32,000 m2 modern facility at Calvenzano, east of Milan, from the family-owned CD Group. The acquisitions completed on 7 July 2014.
For further information, see P3’s announcement here.
The Paul Hastings team was led by London partner Justin Jowitt, with Milan and London partner Alberto Del Din, Milan associate Annalisa Santini and Angela Morgan in London.