Principal Asset Management has completed its first acquisition in Poland for Log In, the European logistics fund managed by Theoreim. The asset, located in the Katowice economic zone in Tychy, Upper Silesia, comprises 9,705 sqm of warehouse, production, and office space.
The property is fully leased on a 20-year triple net lease to BOS Automotive Products Polska Sp.z.o.o., a subsidiary of German group BOS GmbH & Co KG, a global automotive equipment manufacturer. Originally constructed in 1998 and expanded in 2016 and 2017, the asset has been maintained through tenant-led investment.
With immediate access to the S1, A1, and A4 motorways, the site is well-positioned for distribution and connectivity. In line with Log In's 'Best-in-Progress' approach, additional solar panels are planned to be installed this year, complementing the existing system and improving the site's energy performance.
This acquisition marks Log In's sixteenth purchase and extends its portfolio into a fifth European country. Guillaume Masset, head of transactions and asset management for Europe at Principal Asset Management, said: "This acquisition reflects Log In's desire to expand its pan-European development, with entry into the Polish market via an asset located in the heart of a region renowned for its economic dynamism."
Romain Welsch, president of Theoreim, added: "This first acquisition in Poland illustrates our desire to deploy our real estate strategy in European industrial areas with solid fundamentals. By investing in a high-quality asset, leased to a long-term key player, Log In is continuing its development by targeting sustainable locations with strong potential."
