W. P. Carey completed the €169 million sale-leaseback of a logistics portfolio in Poland. The transaction closed in two tranches – seven properties in January and one property in February. Totalling over 150,000 sqm, the portfolio comprises a core logistics campus of four assets in Poznań, in addition to four warehouse and cross-dock facilities across Poland.
Portfolio is net leased to Raben Group, a logistics operator: Founded in 1931, Raben offers a range of services: contract logistics, road network (domestic, international and East), Fresh Logistics in controlled temperatures, FTL and intermodal transport solutions. Raben has over 170 locations in 17 European countries.
The logistics campus, located within the Poznań Logistics Hub, serves as a core component of Raben’s central distribution centre in Poland. It is strategically positioned with direct access to a major arterial highway that provides strong connectivity spanning from Warsaw to Berlin. The remaining four facilities represent critical infrastructure that enable Raben to provide 24-hour nationwide delivery. The portfolio is equipped with state-of-the-art technology and infrastructure, including inventory management systems, automated sorting and packaging lines and real-time tracking capabilities, to ensure efficient handling of large volumes of goods.
Raben is committed to decarbonisation, to reduce Scope 1 and Scope 2 GHG emissions by 60 percent by 2032 (compared to its 2020 baseline). Two of the facilities in the portfolio are classified as low-emissions properties, with features including heat pump heating systems, LED lighting and PV panels installed on the roof. The company also received a silver award in the EcoVadis 2025 rating, which evaluates a company’s sustainability management system.
The portfolio is master leased for a term of 15 years with annual inflation-based rent increases. W. P. Carey completed its first transaction in Poland in 2006 and has since invested over €800 million in the country.
Christopher Mertlitz, Head of European Investments at W. P. Carey, said: “We’re pleased to further expand our footprint in Poland, a market where we continue to see compelling investment opportunities. This portfolio was particularly attractive, as it represents an essential component of Poland’s logistics infrastructure, with assets that are strategically located, technologically advanced and integral to the tenant’s distribution network. We welcome Raben as our newest tenant and look forward to working with them.”
Marek Zychla, Head of Real Estate at Raben Group, said: “We’re proud that our properties are recognised by top global investors as high-quality assets. The capital generated through this sale‑leaseback supports our long‑term growth ambitions, including investments that strengthen the foundation of the Group and support our further development in Europe.”
Marek Paczuski, Senior Director, Investment Services, Colliers, said: “W. P. Carey proved to be an outstanding partner throughout this transaction. From structuring through execution, the team demonstrated a clear commitment to delivering certainty of close, flexibility and a solution that aligned seamlessly with Raben’s operational and growth objectives. This acquisition highlights the growing importance of sale‑leaseback transactions in the I&L sector in Poland and in Europe, offering investors stable, inflation‑indexed cash flows while enabling corporates to unlock capital tied up in real estate.”
