VGP NV ('VGP'), a pan-European owner, manager and developer of high-quality logistics and semi-industrial real estate, and Deka Immobilien, one of the largest globally active real estate investment companies in Europe, today announced the set up of a 50:50 joint venture, which is set to acquire over time a defined portfolio of five parks with 20 buildings of German semi-industrial and logistics assets developed by VGP.
The total value of the joint venture is €1.1 billion which will be accomplished through a number of closings and with a first closing anticipated to materialize in Q3 2023.
Hengeler Mueller team for VGP
Real Estate: Thomas Lang (partner, lead), Georg Tauser (senior associate, both Frankfurt),
Tax: Gunther Wagner (partner), Tobias Schwab (senior associate, both Munich).
