Kinstellar teams in Bulgaria, the Czech Republic, Romania, Serbia and Slovakia have successfully advised GIC, Singapore’s sovereign wealth fund, on its €2.4bn acquisition of the European logistics property company P3 Logistic Parks, which is described as the largest European real estate deal this year.

The transaction, which involves a portfolio of over 163 sites primarily in eastern and southern Europe totalling 3.3 million sq m of warehouse space and additional land, is subject to regulatory approvals and is expected to close by the end of 2016.

The Kinstellar team comprised Jan Juroška (Partner) and Rudolf Schichor (Associate) in the Czech Republic; Răzvan Popa (Partner) and Mihaela Poşircă (Managing Associate) in Romania; Selma Mujezinović (Partner) and Andreja Vražalić (Associate) in Serbia; Zuzana Hodoňová (Counsel) and Vladimir Simkovic (Associate) in Slovakia and Antonia Mavrova (Counsel) and Mladen Minev (Managing Associate) in Bulgaria.