King & Spalding Advises AMB Property In ¤470 Million Joint Venture

Monday, May 2, 2011 - 00:00

King & Spalding advised AMB Property Corporation in the formation of a ¤470 million (US $648 million) Luxembourg-based joint venture with Allianz Real Estate to acquire, own and operate logistics real estate tied to global trade and located in major seaport, airport and distribution markets in the eurozone.

The King & Spalding legal team involved in this transaction was led by partner Kathryn M. Furman andassociate Jeannette Marshall of the capital transactions and real estate practice, with the assistance of tax partner James H. Lokey, tax partner L. Wayne Pressgrove and capital transactions and real estate associate Douglas J. Elsbeck. Furman, Lokey and Pressgrove are in the firm's Atlanta office; Marshall and Elsbeck are in the New York office.

AMB Property Corporation is a leading owner, operator and developer of industrial real estate, focused on major hub and gateway distribution markets in the Americas, Europe and Asia. Allianz Real Estate is a worldwide leading asset and investment manager focusing on real estate investments.