Linklaters has advised LeadCrest Capital Partners, a dedicated European sale-leaseback and build-to-suit investment specialist, on two sale-leaseback investments in Poland – the entrance into an exclusive long-term partnership with KGL via the acquisition of a light industrial and logistics facility, and on the acquisition of three retail warehouses from 3W.
The 9,500 sqm facility acquired from KGL, is located in Czosnów, Greater Warsaw, at prime location, alongside the S7 expressway. It was extended and modernised in 2019, and comprises production and warehouse space, as well as ancillary office accommodation. The site includes 20,000 sqm of undeveloped land, allowing for future extension of the facility.
The portfolio acquired from 3W, with total area of 18,200 sqm, comprises three retail warehouses – two located in Warsaw, one in Czeladź. The portfolio is let on a 20-year triple net master lease to 3W. The parties have agreed to a modernisation plan which will improve the energy performance of the portfolio.
Both transactions were led by Janusz Dzianachowski (partner) and Zuzanna Lipska (managing associate), supported by Katarzyna Grodzka (associate), Joanna Roman (associate) and Bartosz Boenigk (associate) from Warsaw real estate team. Marta Domino (partner) and Marcin Nowak (senior associate) from banking and finance team advised on the financing aspects of the transactions.
