Abreu guides Panattoni on real estate acquisition from Saint-Gobain
Abreu Advogados has assisted Panattoni Ibéria, a logistics and industrial developer in Europe, in acquiring land from the former Covina glass factory from Saint-Gobain, located in Santa Iria de Azóia. The transaction was formalized earlier this year. The next step will be obtaining construction permits for the Panattoni Park Lisbon-City project, which will establish the company’s first logistics park in the Greater Lisbon area, states Abreu.
The logistics park will be developed in three lots, covering a total area of 212,380 m². It will feature five warehouses with a total gross leasable area of 85,485 m². The construction process is planned in two phases, with the first phase starting in February 2025 and the second phase beginning in mid-2025. Panattoni expects the construction phase to generate 200 new jobs.
The legal advisory services provided by Abreu Advogados to Panattoni Ibéria began in March 2021 and included all legal work, from due diligence on the real estate assets to negotiating and executing tthe purchase and sale agreement, finalizing the acquisition of the three properties involved, and handling all necessary documentation, including preliminary information requests with the Tax Authority.
About Panattoni
Founded in 1986 in the U.S., Panattoni has offices in Poland, Slovakia, Hungary, Austria, Portugal, Germany, the Czech Republic, France, Sweden, Italy, the United Kingdom, the Netherlands, Belgium, Denmark, and Spain. Since its inception, Panattoni has developed projects across Europe totaling more than 20 million square meters of logistics space.
“Panattoni Park Lisbon-City represents a significant milestone for the logistics and real estate sectors in Portugal”, says Pedro Pais de Almeida (pictured), partner at Abreu Advogados, who led the advisors’ team. The operation also had the support of Diogo Belard Correia, Joana Maldonado Reis, Madalena Bernardes Coelho (all three professional partners), Ana Luísa Ferreira, Guilherme Mata da Silva (associated partners), Filipa Vicente Silva (senior associate), and Manuel Santiago (associate).
