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Aquisition of Logistics Portfolio in France

2021-06-11

Lee & Ko’s Real Estate Team successfully advised Mastern Investment Management Co., Ltd. in its acquisition of French logistics portfolio comprised of 6 last-mile (Last-mile; the process of transporting a package from a hub to its end destination) logistics platforms under lease by several prime tenants, including Amazon and FEDEX, from Vectura Logistique.

 

4 out of 6 logistics platforms currently under construction were acquired utilizing a forward-purchase structure. Despite the challenges presented by COVID-19, including the difficulties in conducting physical due diligence, this KRW 250 billion transaction attracted a lot of attention in the market, confirming the ever-growing interest in logistics platforms leased by prime tenants.

 

Armed with rich experience in advising numerous investment transactions involving logistics platforms in many different jurisdictions including the U.S., Germany, Italy and Sweden, Lee & Ko’s Real Estate Team, in collaboration with French legal counsel, proactively yet carefully led the client through multi-layered and sophisticated transaction process. By successfully closing the deal, Lee & Ko once again showed the market its incomparable expertise in investment transactions involving overseas real estate assets, especially logistics platforms.

 

Dong Seok Woo, Ju-Young Susie Im, Minkyoung Lee, Jun Huh, and Yujin (Reina) Sung from Lee & Ko’s Finance Group, as well as Steve Oh and Yong Ji Lee from Lee & Ko’s Tax Group, were involved in the case.

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