Leading European logistics provider
Sale-leaseback proceeds used to expand company’s real estate footprint
Tenant Description: A leading European logistics provider
Total Investment: €97 million
Transaction Type: Sale-leaseback*
Location: Spain
Facility Type: 6 logistics facilities
W. P. Carey completed the €97 million sale-leaseback of a logistics portfolio in Spain. The portfolio comprises six facilities, as well as additional land areas dedicated to truck and trailer parking and industrial outdoor storage (IOS). The transaction closed in two tranches – €68 million in December 2025 (four assets) and €29 million in May 2026 (two assets). The portfolio is net leased to a leading European logistics provider.
The portfolio is critical to the tenant’s operations and comprises approximately half of the company’s IOS area. It will serve as fleet hubs for approximately 2,500 vehicles. In addition, the tenant will invest a significant portion of the sale-leaseback proceeds into further developing the portfolio, including the creation of new IOS areas.
The portfolio is subject to a 20-year, triple-net master lease with annual CPI-based rent escalations.
We are delighted to expand our presence in Spain as it continues to be one of the strongest industrial markets in Europe and among the continent’s fastest-growing economies. In addition, the prime locations and criticality of these assets made them an attractive addition to our European portfolio.