W. P. Carey has completed a sale-leaseback transaction for a Polish logistics portfolio worth €169 million. The deal was completed in two tranches - seven properties in January and one additional property in February.
The portfolio spans over 150,000 sqm and includes a logistics campus with four core assets in Poznań, plus four additional warehouse and cross-dock properties at various locations across Poland. The properties are leased long-term to Raben Group, a leading logistics service provider founded in 1931.
"We are pleased to further expand our presence in Poland - a market where we continue to see attractive investment opportunities," said Christopher Mertlitz, Head of European Investments at W. P. Carey. "This portfolio was particularly interesting as it represents an essential component of Poland's logistics infrastructure: strategically located, technologically advanced properties that are integral to the tenant's distribution network."
The Poznań Logistics Hub serves as a central component of Raben's Polish distribution centre, with direct access to major transport routes and connections between Warsaw and Berlin. The remaining four properties provide critical infrastructure enabling Raben's nationwide 24-hour delivery services. The portfolio features modern technology including inventory management systems, automated sorting and packaging lines, and real-time tracking.
Raben has committed to reducing Scope 1 and Scope 2 greenhouse gas emissions by 60% by 2032. Two properties in the portfolio are classified as low-emission and feature heat pump systems, LED lighting and rooftop solar panels. The portfolio is leased under a 15-year master lease agreement with inflation-indexed rent adjustments. W. P. Carey has invested over €800 million in Poland since completing its first transaction there in 2006.
