Press Release
| January 15, 2008
Dewey & LeBoeuf Advises Foncière Europe Logistique on the Acquisition of a Real-Estate Portfolio from Morgan Stanley
(Frankfurt am Main, January, 2008) - Dewey & LeBoeuf has advised French real-estate investor Foncière Europe Logistique (FEL) on its acquisition of a portfolio of ten logistics centers in Germany and France from Morgan Stanley. Meanwhile, Morgan Stanley has acquired a 20 percent stake in FEL as part of the deal. The real estate assets are worth a total of €162m and cover an area of some 270,000 m². This is the company's first investment outside France.
Roughly 81 percent of the property acquired is located in Germany with the remainder in France. 98 percent of the portfolio is let. Now that the deal has been closed, FEL owns 49 logistics centers and facilities worth a total of €1.4 bn.
Advisors to Foncière Europe Logistique (FEL)
Dewey & LeBeouf (Frankfurt): Partners Ralph Wagner (Real Estate Law), Dr. Thomas Schmuck (M&A/Private Equity) and Dr. Frank Tschesche (Tax Law); associates Ralf Steffen Schmitt (M&A/Private Equity), Cornelia Pini (Banking and Capital Markets Law), Kai Schaffelhuber (Banking and Capital Markets Law), Hanna Janta (Real Estate Law) and Jennifer König (Real Estate Law) Pöllath + Partner (corporate due diligence)
Advisors to Calyon and ING Real Estate Finance (France) S.A.S.
Nörr Stiefenhofer Lutz (Frankfurt), Jones Day (Paris)
Advisors to Morgan Stanley
Freshfields Bruckhaus Deringer (Frankfurt and Paris)
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