LeadCrest Capital Partners, a European fund 100 percent dedicated to sale-leaseback and build-to-suit investments, announced entering an exclusive long-term partnership with 3W and the €20 million acquisition of an 18,200 sqm portfolio of three retail warehouses in Warsaw and Katowice.
3W is one of the largest builders’ merchants and home improvement retailers in Poland. The portfolio comprises three modern retail warehouses totalling 18,200 sqm and is located in prime industrial and logistics hubs.
Artur Paleczny, CFO of 3W, said: “We are thrilled about this new alliance with LeadCrest who have shown a true understanding of our sector. We have ambitious growth plans and are delighted to be able to count on LeadCrest as a partner to help us reach our goals and extend our footprint.”
Georges Asmar, Portfolio Manager at LeadCrest Capital Partners, added: “We are very excited about this newly formed partnership with 3W. We were very impressed with the company’s achievements in a short period, and we look forward to accompanying it to grow further in the coming years. Poland and the building materials / DIY sector are both key areas of investment for us, and we are delighted to have partnered with one of the best players in the country.”
LeadCrest Capital Partners was advised by firms Linklaters and Deloitte on the legal and fiscal matters, and by Arcadis on the technical aspects of this transaction.
3W was advised by firms Pirozek & Pirozek on the legal matters, and by BNP Paribas Real Estate on the commercial aspects of this transaction.