BLP* advises Panattoni Europe on project in Euskirchen, Germany
International law firm Berwin Leighton Paisner* has advised industrial space developer Panattoni Europe on the development of a logistics property in Euskirchen, Germany, for backpack manufacturer FOND OF.
BLP advised Panattoni on the potential risks of the project development, the negotiation of the development management agreement and the general contractor agreement. Panattoni plans to build a new distribution centre on a site that is approximately 66,600 sq m, north of Euskirchen, in the district of Großbüllesheim. The property will consist of four fire compartments, each with an area of about 9,900 sq m, 1,500 sq m of office and recreational space on the mezzanine level and 2,100 sq m of warehouse space on an additional mezzanine level. The outdoor area will provide eight parking spaces for lorries and 72 for cars.
Boris Strauch, a Real Estate and Infrastructure Partner in BLP’s Frankfurt office, took the lead on this project. He is a recognised industry expert in public law and regularly advises developers and institutional investors on a breadth real estate matters. Boris was supported by Frankfurt Associate Gabriel Gregori who is also in the Real Estate and Infrastructure team.
Panattoni Europe is the European branch of the largest privately owned industrial developer in the world, Panattoni Development Company, which has developed more than 360m sq ft of commercial space and delivered buildings to over 2,500 customers. In Europe, Panattoni is the largest developer of industrial and logistics space; it has developed more than 42m sq ft of property with an asset value in excess of £1.8bn.
“We are delighted that FOND OF chose to place their confidence in us. Furthermore once again, we were delighted to place our trust in BLP as our legal advisor on this project,” states Fred-Markus Bohne, Managing Partner of Panattoni Europe. “We have worked with Boris Strauch and his team on numerous projects and can always rely on their excellent advice and service.”
*On 1 April 2018, Bryan Cave and Berwin Leighton Paisner combined their legal practices to form Bryan Cave Leighton Paisner. The merger has not yet been completed in Germany at the present time, but is intended to be so in the future. Pending regulatory confirmation, we continue to practise as two separate legal entities in Germany: Bryan Cave Leighton Paisner LLP and Berwin Leighton Paisner (Germany) LLP.