RKW
Sale-leaseback enables seller to unlock meaningful liquidity to support long-term growth
Tenant Description: Leading manufacturer of plastic films
Transaction Type: Sale-leaseback*
Location: Germany
Square Footage: 235,000 square feet (21,800 square meters)
Facility Type: Manufacturing facility
Green Features: Powered by 100% renewable energy
W. P. Carey completed the sale-leaseback of an industrial manufacturing facility located in Wasserburg, Germany. Totaling 235,000 square feet (21,800 square meters), the facility is triple-net leased to RKW, one of Germany’s leading manufacturers of plastic films trusted by global companies and brands.
RKW shares W. P. Carey’s commitment to sustainability, leveraging 100% renewable energy at all of its German facilities, including the Wasserburg facility. As of the deal close in 2025, RKW has also reduced carbon dioxide emissions by 55% since 2017 and drives innovation through its “ECORE” initiative aimed at advancing recycling, biodegradable alternatives and circular economy solutions.
The facility is central to RKW’s production, supported by its state-of-the-art equipment, including a heat recovery system for enhanced sustainability. Its strategic importance is reinforced by high barriers to entry against new market entrants, including strict industry regulations. The facility is leased for a term of 20 years with annual, German CPI-based rent increases.
*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.
This investment from W. P. Carey is an important step in strengthening our financial flexibility. By monetising our Wasserburg facility through a long-term sale-leaseback, we have unlocked meaningful liquidity to support our strategy.
This transaction showcases our team’s ability to move quickly to source, structure and execute attractive transactions of all sizes across Europe. The facility’s strategic importance, coupled with a market-leading tenant and a long-term lease, made it a highly compelling addition to our portfolio. We are thrilled to expand our footprint in Germany and welcome RKW as our newest tenant.