Linde + Wiemann

Sale-leaseback unlocks working capital for leading auto parts manufacturer

Tenant Description: Founded in 1939, Linde + Wiemann is a Tier 1 supplier of structural components for automotive manufacturers worldwide.
Total Investment: $42 million (€38 million)
Transaction Type: Sale-leaseback*
Location: Germany and Spain
Square Footage: 627,600 square feet (58,300 square meters)
Facility Type: 4 industrial facilities (3 in Germany and 1 in Spain)

In April 2025, W. P. Carey completed the $42 million sale-leaseback of four manufacturing facilities totaling 627,600 square feet. The portfolio comprises three assets in Germany and one in Spain and is net leased to Linde + Wiemann, a global supplier of specialized car components, for a term of 25 years.

The portfolio is critical to Linde + Wiemann’s business, with the majority of the company’s production relying on components made at the four facilities. The company has also made large investments in on-site machinery, further demonstrating the strategic importance of the sites.

These facilities supply some of the best-performing car models for their respective brands, many of which are near the beginning of their lifecycles, representing sustainable demand for Linde + Wiemann’s products over the long term.

*In a sale-leaseback, a company sells its real estate to an investor like W. P. Carey for cash and simultaneously enters into a long-term lease. In doing so, the company extracts 100% of the property’s value and converts an otherwise illiquid asset into working capital to reinvest in its business or pay down debt, while maintaining operational control.