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Clifford Chance and Dentons Advise on Prologis’ EUR 1.585 Billion Acquisition of Crossbay Logistics Portfolio

Clifford Chance and Dentons Advise on Prologis’ EUR 1.585 Billion Acquisition of Crossbay Logistics Portfolio

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Clifford Chance has advised Prologis on its EUR 1.585 billion acquisition of Crossbay's urban logistics portfolio from Crossbay and Mark. Dentons advised the sellers.

According to Clifford Chance, the portfolio includes 128 logistics facilities and six new developments in seven European countries. "The acquisition, on behalf of the Prologis European Logistics Fund, will add 1.14 million square meters of urban space to Prologis' European portfolio," the firm informed.

Prologis is a San Francisco-headquartered logistics real estate company, offering customers and investors a distribution services platform.

Founded in 2020 by London-headquartered real estate investment management company Mark, Crossbay is a European last-mile logistics platform.

"This acquisition underscores our ongoing ability to provide our customers with quality urban logistics locations and opportunities beyond the real estate near highly populated areas that serve their growth needs," Prologis Europe President Ben Bannatyne commented. "With the ongoing growth of e-commerce, locations near dense population centers are becoming increasingly important to our customers."

The Clifford Chance team included Warsaw-based Partner Daniel Kopania, Senior Associates Katarzyna Paczek and Tomasz Walerowicz, and Associates Joanna Kuzminska, Agata Parys, Oliwia Hutnik, and Katarzyna Kuchta, as well as lawyers from the firm’s London, Paris, Amsterdam, Frankfurt, Madrid, Milan, Brussels, and Luxembourg offices.

The Dentons team included Warsaw-based Partner Monika Sitowicz and Associate Weronika Nowosielska as well as lawyers from the firm’s Luxembourg office.

Dentons at a Glance

Dentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic.

Dentons is one of the leading law firms in CEE/CIS, with offices in Warsaw, Prague, Budapest, Moscow, Bucharest, Bratislava, Kyiv, Baku, Almaty, Astana, Tbilisi and Tashkent. With a legacy of supporting local and international clients in Central and Eastern Europe since the early 1990s, we have the experience and market insight to help clients close deals, resolve disputes and do business in the key markets across the region.

Firm's website.