Valeo Foods
Sale-leaseback enables European food producer to unlock liquidity for future acquisitions
Tenant Description: Founded in 2010 and headquartered in Ireland, Valeo Foods is a leading international food production and distribution business.
Total Investment: $104 million (€88 million)
Transaction Type: Sale-leaseback*
Location: U.K., Czech Republic and Slovakia
Square Footage: 1.3M square feet (111,500 square meters)
Facility Type: 6 food production facilities
In July 2025, W. P. Carey completed the sale-leaseback of six mission-critical food production facilities located across the U.K. (3), Czech Republic (2) and Slovakia (1). The portfolio spans approximately 1.3 million square feet and is net leased to Valeo Foods, an international food production and distribution business.
Valeo Foods has a diversified offering of approximately 5,700 products, many of them highly recognizable brands. The company was acquired by Bain Capital, a global private equity firm, in 2021.
The portfolio is critical to Valeo Foods, with each asset playing a unique and irreplaceable role in the company’s operations. The facilities are purpose-built for food production, requiring significant investment and regulatory compliance which makes market entry for new companies challenging.
The portfolio is subject to 25-year, triple-net countrywide master leases, with annual CPI-based rent increases.
This investment demonstrates W. P. Carey’s ability to execute complex, cross-border deals. It was also an opportunity to work with a sustainability-focused tenant, with Valeo Foods committing to ambitious environmental goals including a 42% reduction in operational emissions by 2030 and 100% renewable electricity usage by 2026.
*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 was an exciting deal to lead, and we generated a great outcome for all parties. Working with W. P. Carey was a wonderful experience. Their professionalism, responsiveness and ability to execute complex, cross-border deals set them apart in today’s market.
This transaction reflects our continued conviction in high-quality, mission-critical assets leased to market-leading tenants that operate in resilient industries. Valeo Foods’ international footprint, strong brand portfolio and growth trajectory make this an excellent addition to our portfolio. The structure and scale of the deal demonstrate our ability to deliver tailored capital solutions for corporates across multiple jurisdictions.