Raben Group has disposed of two logistics centers in a sale and lease-back transaction to Pramerica Real Estate Investors on behalf of their open-ended fund TMW Immobilien Weltfonds. This is the first institutional quality sale-and-lease-back transactions in Poland for the logistic properties.
The centers, totalling 70,500 m², are strategically located in Gadki (near Poznan) and Grodzisk Mazowiecki (near Warsaw) on the main TIR routes. A 10-year lease was signed by Raben for 100% of the premises. Raben's aim of this transaction was to gain further financial means for expansion of the Group in order to answer the Customers and market's development in the future.
In this transaction Raben Group was advised by Polish Investment Team of Jones Lang LaSalle.
Tomasz Puch, Associate Director at Jones Lang LaSalle, commented: "Industrial investment market in Poland was historically the smallest in terms of volumes and this unique transaction (in terms of investment volume, tenant covenant as well as the lease profile) confirms strong investors' interest in logistics investment across Poland. For this transaction we managed to secure strong and reputable partner for our client who not only offered the prime price but also was responsive while negotiating the lease agreement".
Source: Jones Lang LaSalle