
Madison International JVs on Amazon Build-to-Suits in Germany
Griffin Real Estate and Madison International Realty formed a joint venture for their two first investments together in Germany. With Griffin’s development partner, Panattoni Europe, the firms will develop two build-to-suit logistics properties for Amazon.
The two transactions are Griffin Real Estate’s first major acquisitions in Europe outside of Poland, and a second joint project of this leading Polish private equity investment manager with Madison International Realty. The two companies have worked together since January 2020, when they began their strategic partnership in Poland’s logistics sector.
“This venture is fully in line with our strategy of working alongside what we believe are outstanding local partners to leverage opportunities in rapidly-growing sectors and markets and we will seek to continue our successful cooperation with Griffin Real Estate and Panattoni, in order to further expand and capitalize on the opportunities in the European logistic sector,” said Derek Jacobson, Madison International Realty co-CIO.
- ◦Development