W. P. Carey Completes €88 Million Cross-border Sale-leaseback with Valeo Foods

W. P. Carey has completed a sale-leaseback of six mission-critical food production facilities across the UK, the Czech Republic and Slovakia.
The portfolio spans approximately 120,000 sqm and is net leased to Valeo Foods Group, a leading international food production and distribution company.

Founded in 2010 and headquartered in Ireland, Valeo Foods has grown into one of Europe’s major food producers and distributors. The company was acquired by global private equity firm Bain Capital in 2021.

Operating in a resilient sector with consistent demand across economic cycles, Valeo Foods benefits from highly specialised, purpose-built facilities that require significant investment and strict regulatory compliance – creating high barriers to entry. Each of the six assets plays a distinct and irreplaceable role in the company’s production network, serving brands such as Rowse Honey, Matthew Walker Puddings and Candy Plus.

The portfolio is subject to 25-year, triple-net, countrywide master leases with annual CPI-linked rent escalations.

Valeo Foods has also committed to ambitious sustainability targets, including reducing operational emissions by 42 percent by 2030 and sourcing 100 percent renewable electricity by 2026.

Jolette Persson, Senior Vice President, European Investments at W. P. Carey, said: “This transaction reflects our continued conviction in high-quality, mission-critical assets leased to market-leading tenants in resilient industries. Valeo Foods’ international footprint, strong brand portfolio and growth trajectory make this an excellent fit for our portfolio. The structure and scale of this deal highlight our ability to deliver tailored capital solutions across multiple jurisdictions.”

Chelsea Mandel, Founder and Managing Director of Ascension Advisory, added: “This was an exciting deal to lead, and we achieved a great outcome for all parties. Working with W. P. Carey was a pleasure – their professionalism, responsiveness and ability to execute complex cross-border transactions truly sets them apart in today’s market.”