Rymarz Zdort advises Griffin Real Estate on joint venture with Madison International Realty to enter German logistics market

Rymarz Zdort advised Griffin Real Estate on a joint venture agreement with Madison International Realty in connection with their two first investments together in Germany. With Griffin Real Estate’s partner, Panattoni, a market leading European logistic developer, the firms will develop two build-to-suit properties with footprints of over 7,000 sqm and 9,100 sqm, respectively. The properties have been leased to Amazon based on 15-year leases and have a combined investment volume of over EUR 80 million.

Griffin Real Estate and Madison International Realty have been working together since January 2020, when they began their strategic partnership in the logistics sector in Poland.

Griffin Real Estate is the largest privately owned private equity investment and asset manager specialising in real estate in CEE. It is very active on the market and is known for its innovation – originating and introducing several new concepts and formats to the market.

Madison International Realty is a leading liquidity provider to real estate investors worldwide.

The Rymarz Zdort team advising on the transaction was led by Piotr Fedorowicz, a partner in the corporate department and the head of the real estate practice. The transaction team comprised associates Tomasz Karkowski and Izabela Skrzypczak.