LeadCrest Capital Partners, the first European fund 100 per cent dedicated to sale-leaseback and build-to-suit investments, has acquired a EUR45 million portfolio of two logistics and two light industrial facilities totalling 51,900 sq m, with each facility single let to high quality tenants on a triple net basis.
The assets are leased to high calibre tenants with strong credit profiles and operating in attractive niches with favourable tailwinds: DSV, the third largest logistics company in the world, listed on the Copenhagen Stock Exchange; Żabka, the largest Polish convenience retailer operating over 7,000 locations throughout Poland; Kitron, a leading Norwegian Electronics Manufacturing Services company listed on the Oslo Stock Exchange; and Hydroline, a family-owned Finnish manufacturer, pioneer in hydraulic cylinders.
The portfolio comprises four assets totalling approximately 51,900 sq m located throughout Poland in primary and growing markets. Two assets are in the South of the country, another in the Northwest with a further asset in Central Poland.
Georges Asmar, Portfolio Manager at LeadCrest Capital Partners, says: “We are excited about the closing of our first transaction in Poland and plan to continue to build on our investments in the region. Panattoni has proven to be a strong partner and our transaction a great case study for LeadCrest to assess the potential of investing in multi-purpose warehouses in Poland.”