Salans advises the EPISO fund on € 300 million mega acquisition of an 80% interest in VGP’s 6 industrial parks in the Czech Republic.  It is the largest real estate investment transaction on the Czech market since 2008.

The international law firm Salans advised European Property Investors Special Opportunities, L.P. (EPISO), a fund co-managed by AEW Europe and Tristan Capital, on the acquisition of an 80% stake in 6 industrial parks owned/managed by VGP N.V., located in the Prague region. The transaction value was approximately € 300 million.

The Salans team advising EPISO was led by Stewart M. Middleman, Head of Cross-Border Transactions for Salans’ Global Real Estate Group. He was supported by a team of 6 GREG cross-border property lawyers.

Daniel Harris, Co-Head of Investment of AEW Europe said: 

“In mid-2010, Stewart and the Salans’ Global Real Estate team assisted us in the € 91 million purchase of five Polish warehouses from Panattoni Europe and Standard Life Investments. Now, again, they successfully helped us in building our portfolio and further expansion in the CEE region.”

Robert Z. Lazar, Co-Chairman of the Global Real Estate Group commented: 

“This is the largest acquisition to take place in the Czech Republic in years.  We are pleased that the sophisticated legal advice that our lawyers provide to our institutional cross-border clients proved helpful in completing this complex transaction.”