White & Case Advises on the Largest Real Estate Deal in the History of the Czech Republic
White & Case LLP advised P3 Logistic Parks (P3) and leading global investment company TPG Real Estate (the previous owner of the P3 developer alongside Ivanhoe Cambridge) on the sale of P3 to GIC, a sovereign wealth fund established by the government of Singapore. With a transaction value of EUR 2.4 billion (nearly 65 billion Czech crowns), this represents the largest deal on the European real estate market this year, and the largest real estate deal ever in the Czech Republic.