NEWS

Building Site

WFW advises Panattoni on new logistics building in Bremen

9 August 2013

EN | DE

Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised Panattoni Europe (“Panattoni”) on the contract negotiations for the development of a modern multi-user warehouse in Bremen for BLG Logistics Group.

On 5th August US project developer Panattoni signed the contract with BLG Logistics and its subsidiary BLG Automotive GmbH & Co. KG for a new building project in the logistic centre GVZ Bremen. Plans include 28,000 m2 of warehouse space and 1,600 m2 of office, social and technical facilities.

Panattoni is a full-service developer of commercial properties and has developed 4.5 million m2 of new space in Germany and worldwide, together with European and multinational companies, over the past five years. This project is the second logistics centre the German team of Panattoni has developed at this location in the past two years and once completed will rent it out to BLG, initially for ten years.

Panattoni aims to build this multi-user warehouse in accordance with DGNB silver medal requirements. These awards are promoted by the German Society for Sustainable Building, which assesses buildings and urban districts demonstrating an outstanding commitment to meeting sustainability objectives.

The WFW team advised Panattoni on the corporate and tax aspects of the development, which tapped into our knowledge and experience of property, infrastructure and logistics.

The WFW project team consists of partner Dr. Ivana Mikešić (Public Law and Real Estate, Frankfurt), Nikolaus Holzinger (Real, Estate, Munich) and Verena Scheibe (Tax, Hamburg) as well as associate Stefan Hoffmann (Corporate, Hamburg)

Dr. Ivana Mikešić, partner at WFW Frankfurt, said: “We have supported Panattoni on a number of project developments since the beginning of their activities in the German logistics market in 2010 and are delighted that we can continue our successful collaboration on this new building project.”