White & Case has advised the CTP Group on its recent acquisition of a Polish logistics project portfolio from 7R. Linklaters advised 7R on the sale.
According to White & Case, the portfolio has the "potential to develop 1.2 million square meters of gross leasable area in logistics and industrial real estate. The portfolio includes both projects in the development stage and projects in pre-development."
"The strategically located land sites acquired by CTP from 7R, which are mostly in and around Warsaw and the Upper Silesia region, benefit from strong surrounding infrastructure and are well prepared for development," CTP Poland Country Construction Director Piotr Flugel said. "CTP has also agreed to acquire developments currently under construction in Katowice and Mszczonow, south of Warsaw ... None of CTP’s existing Polish parks, which comprise 42,000 square meters of gross leasable area in total, currently have space availability."
CTP is a European owner, developer, and manager of logistics and industrial real estate. It has been listed on the Amsterdam Stock Exchange since 2021.
According to Linklaters, 7R is a Polish developer specializing "in innovative and environmentally friendly warehouses and production spaces."
Linklaters’ team included Partners Janusz Dzianachowski and Marta Domino, Managing Associate Monika Lerka, Senior Associate Jedrzej Palka, Associates Katarzyna Grodzka and Michal Kostewicz, and Junior Associate Marcin Woloszyn.