Panattoni Advances in Lisbon Logistics Park with Saint-Gobain Land Acquisition
Deal News | Feb 28, 2025 | Iberian Lawyer
Abreu Advogados has facilitated a crucial property acquisition for Panattoni Ibria from Saint-Gobain, marking Panattoni's entrance into the Greater Lisbon logistics market. The land, formerly a Covina glass factory, will become Panattoni Park Lisbon-City. This logistics park will be constructed in phases starting in 2025, encompassing a significant area with five warehouses. Panattoni, a prominent logistics developer with extensive operations across Europe, aims to develop strategic logistical infrastructure through this project. Abreu's legal support has been essential since early 2021, ensuring comprehensive due diligence and seamless transaction execution.
Sectors
- Real Estate
- Logistics and Industrial Development
- Legal Advisory
Geography
- Portugal – The acquisition concerns land in Santa Iria de Azia, located in the Greater Lisbon area of Portugal.
- Europe – Panattoni operates in various European countries, reflecting the transnational scope of the development.
Industry
- Real Estate – The acquisition of land for the development of a logistics park pertains to the Real Estate industry.
- Logistics and Industrial Development – Panattoni's project involves the creation of a logistics park, directly involving logistics and industrial development sectors.
- Legal Advisory – Abreu Advogados provided legal services for the acquisition process, classifying this under legal advisory services.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Panattoni Ibria | Acquirer | Company | A prominent logistics and industrial developer executing the acquisition to establish a logistics park. |
| Saint-Gobain | Seller | Company | The vendor of the land, previously utilized for the Covina glass factory. |
| Abreu Advogados | Legal Advisor | Company | Legal assistance was provided for the acquisition process, including due diligence and transactions. |
| Pedro Pais de Almeida | Lead Advisor | Person | Partner at Abreu Advogados leading the advisory team. |