Barings Secures Key Lisbon Logistics Site in Joint Venture
Deal News | Feb 07, 2025 | Iberian Lawyer
Barings, a global asset management firm, has entered into a joint venture with Panattoni for a significant real estate investment involving the acquisition of land in the Lisbon Metropolitan Area. The venture focuses on developing a major logistics park, covering 85,000 square meters, after purchasing land from Saint-Gobain in Santa Iria. This project marks a notable expansion in the logistics infrastructure of the Lisbon area. DLA Piper acted as the legal advisor for Barings during the transaction, handling due diligence, the promissory sale, and the final acquisition processes. The legal team, led by Lus Filipe Carvalho in Portugal and Orson Alcocer in Spain, played key roles in executing this strategic real estate development project.
Sectors
- Real Estate
- Logistics
- Legal Services
Geography
- Portugal – The logistics park development is located in the Lisbon Metropolitan Area.
- Spain – Part of the legal advisory team handling the transaction is based in Spain.
Industry
- Real Estate – The article discusses a joint venture for the acquisition and future development of real estate in Lisbon.
- Logistics – The acquired land is intended for developing a logistics park, highlighting its role in the logistics industry.
- Legal Services – DLA Piper's involvement as legal advisor underscores the legal services sector's role in the transaction.
Financials
- 85,000 square meters – The size of the planned logistics park development area in Lisbon.
- 210,000 square meters – The size of the land acquired for the development of logistics buildings.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Barings | Buyer | Company | A global asset management firm involved in the joint venture to develop a logistics park in Lisbon. |
| Panattoni | Joint Venture Partner | Company | A partner in the joint venture with Barings for the acquisition and development of the logistics park. |
| Saint-Gobain | Seller | Company | The company from whom the land for the logistics park was purchased. |
| DLA Piper | Legal Advisor | Company | Provided legal advisory services for Barings in the land acquisition for the logistics park. |
| Lus Filipe Carvalho | Legal Advisor Coordinator | Person | Partner at DLA Piper coordinating the team in Portugal. |
| Orson Alcocer | Legal Advisor Coordinator | Person | Partner at DLA Piper coordinating the team in Spain. |