TPG Real Estate Concludes €470 Million Deal for Logistics Parks
Deal News | Dec 17, 2024 | White & Case
Global law firm White & Case has advised TPG Real Estate on a significant €470 million transaction involving the sale of CT Real Estate (CTRE), which comprises a portfolio of ten logistics parks in the Czech Republic and Slovakia. The sale was made to funds managed by Blackstone, marking one of the largest real estate deals in Europe this year. White & Case has been involved since TPG's initial investment in 2019, helping grow the portfolio from an initial €90 million to a substantial growth encompassing 500,000 square meters of logistics facilities. Key figures in the deal include White & Case partners Mike Weir, Petr Pnek, and local partner Karel Petrela, among others.
Sectors
- Real Estate
- Private Equity
- Legal Services
Geography
- Czech Republic – The logistics parks being sold are located in the Czech Republic.
- Slovakia – The transaction includes logistics parks located in Slovakia.
Industry
- Real Estate – The article discusses a major transaction involving logistics parks, which falls under the real estate sector.
- Private Equity – The transaction involves a private equity firm, TPG Real Estate, and their investment activities in logistics real estate.
- Legal Services – White & Case, as a law firm, provided advisory services, indicating the involvement of the legal services industry.
Financials
- €470 million – The sale price of the CT Real Estate portfolio.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| White & Case LLP | Legal Advisor | Company | A global law firm advising on the sale transaction. |
| TPG Real Estate | Selling Company | Company | The private equity firm selling the logistics parks. |
| Blackstone | Bidding Company | Company | The funds managed by Blackstone are the buyers in the transaction. |
| CT Real Estate (CTRE) | Target Company | Company | The portfolio of logistics parks being sold. |