Clifford Chance advised Standard Life Investments, the global Fund Manager and one of the largest real estate investors in Europe, on the purchase of a logistics park in Pliening, Bavaria. The vendor was Alpha Industrial Holding S.à r.l.
Standard Life Investments acquired the park for its European Property Growth Fund. The park currently consists of a logistics centre and external facilities including a total of around 18,000 m² of office and storage space. The whole of this area is currently let to a single lessee. The southern area of the park offers space for further development, with the plan being to construct another warehouse there in the near future. This warehouse could offer a further 12,000 m² of office and storage space to potential lessees.
The Clifford Chance team comprised partner Reinhard Scheer-Hennings, associate Thomas Beisken (both Real Estate) and senior associate Cord von Mandelsloh (Tax) – all Düsseldorf.
(Press Release by Clifford Chance)
