Paul Hastings Advises Aareal Bank on Financing of PointPark’s Italian Warehouse Acquisitions
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