London—Dentons, the world's largest global law firm, advised P3 Logistic Parks (P3), on its acquisition of two logistics assets from SEGRO, representing P3's first entry into the UK market.

All units are fully let and were developed with grade A institutional specification including a BREEAM Very Good rating.

P3 is a leading long-term investor, manager, and developer of warehouse properties in Europe with more than 7.9 million m² of assets under management. P3 has commercial activities in 12 countries and has been investing and developing in European markets for almost two decades.

Alex Coulter, who led the Dentons team, said, "P3 is a longstanding Dentons’ client, so we were delighted to guide them on their entry into the UK market and further expand our relationship.

The strategic acquisition of institutional logistics properties demonstrates P3's vision and exciting growth plans. P3's entry into the UK market shows the resilience and appeal of the logistics market to international investors, with appetite remaining strong for logistics assets which offer ESG and growth opportunities in core locations."

Rob Thompson, Head of UK Real Estate, added "We were very pleased to work with the team at P3 and look forward to continuing to assist P3 with their legal needs as they expand their investment portfolio across the region."

Evan Lazar,  Dentons’ co-chair of Global Real Estate added that “It is great that our team of 450 real estate lawyers across greater Europe can continue our long history of providing value add legal advice to  P3 and help them enter a new market”

Frank Pörschke, CEO of P3 Logistic Parks, commented: “The acquisition of these two logistics assets in the UK marks a significant milestone for P3, as it expands our operations into a key market known for its robust logistics industry. The country has always been a vital hub for international trade and commerce, and we are excited to offer our expertise and resources to meet the evolving needs of businesses operating in this region.”

The Dentons team advising P3 included Real Estate Partners Alex Coulter and Rob Thompson, Corporate Partner Jonathan Cantor, Construction Partner Mark Macaulay, Real Estate Senior Associate Stephanie Hendy and Hugh Gerrard, Planning Associate Rohini Vekaria, Corporate Senior Associate Chris Northway and Associate Rebekah Hobbs, Tax Counsel Alastair Macleod and Contentious Construction Senior Associate Tessa Birch.

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