Principal acquires first Polish asset for LOG IN fund

Principal Asset Management, acting on behalf of the LOG IN European logistics and industrial fund managed by Theoreim, has made its first acquisition in Poland. 

Log In - Poland

The acquired property, located in the Katowice economic zone in Tychy, Upper Silesia, includes 9,705 m2 of warehouse, production, and office space. It is entirely leased to BOS Automotive Products Polska subsidiary of the German BOS GmbH & Co, a global automotive equipment manufacturer, under a 20-year triple net lease. This long-term lease provides stable rental income and highlights the tenant's strong dedication to the location.
Originally built in 1998 and expanded in 2016 and 2017, the property has been consistently maintained through investments led by the tenant. The site benefits from immediate access to the S1, A1, and A4 motorways, which are major logistics routes in the region, making it ideal for distribution and connectivity.
In line with LOG IN’s "Best-in-Progress" approach, the fund supports continuous improvements to the site’s sustainability. Plans are in place to install additional solar panels this year, building upon the existing system and further enhancing the site’s energy efficiency.
This acquisition is LOG IN’s sixteenth purchase and expands its portfolio into a fifth European country, aligning with its strategy of geographic and income diversification. It demonstrates LOG IN’s focus on acquiring high-quality properties leased to committed tenants in strong economic locations.
Guillaume Masset, head of transactions and asset management for Europe at Principal Asset Management, said: “This sixteenth acquisition reflects LOG IN's desire to expand its pan-European development, with entry into the Polish market via an asset located in the heart of a region renowned for its economic dynamism. With a long-term lease and occupied by a leading tenant, this investment strengthens our exposure to promising and resilient markets”.
Romain Welsch, president of Theoreim, added: “This first acquisition in Poland illustrates our desire to deploy our real estate strategy in European industrial areas with solid fundamentals. By investing in a high-quality asset, leased to a long-term key player, LOG IN is continuing its development by targeting sustainable locations with strong potential”.
LOG IN is the first French SCPI specializing in European logistics and Principal Asset Management serves as the investment and asset manager for the fund. It aims to expand LOG IN's presence in the industrial, logistics, data centre, and life sciences sectors by acquiring assets in the range of €5 to €25 mln, adding to its current portfolio of 16 assets located in the UK, Spain, Italy, Ireland, and Germany.
Knight Frank introduced the deal to Principal Asset Management, who then presented it to Theoreim for the SCPI LOG IN. For this initial acquisition in Poland, the SCPI received advisory services from Dentons (legal), Gleeds (technical and environmental), Cushman & Wakefield (ESG), and Crido (tax).