Press Releases 17 May 2021

LPA-GGV advises Aberdeen Standard on the letting of a logistics property in Erfurt to CATL


Press Release, 17 May 2021

Munich, 17 May 2021 – LPA-GGV Munich has advised Aberdeen Standard Investments on the letting of a logistics property located in Erfurt, Thuringia, to a subsidiary of Contemporary Amperex Technology Co. Limited (CATL).

Initially, the logistics property was built for the insolvent online fashion retailer “Lesara”. The property comprises 30,000 sqm and will be used by CATL as their European warehouse for lithium-ion batteries.

LPA-GGV served as Aberdeen Standard’s legal advisor in connection with the acquisition of the logistics property as well.

LPA-GGV has advised with the following team: Oliver Kirfel, LL.M. (Partner) and Katarina Krekovic (Local Partner)