W. P. Carey completes €169m sale-leaseback logistics deal

W. P. Carey finalised a €169 mln sale-leaseback deal in Poland, acquiring eight logistics properties from European logistics provider Raben Group.

Raben logistics

The portfolio, spanning over 150,000 m2, includes a central logistics hub in Poznań and four additional facilities strategically located across Poland, all crucial for Raben's operations and nationwide 24-hour delivery services.
The logistics hub has direct access to a major arterial highway that provides strong connectivity spanning from Warsaw to Berlin. 
Raben Group, established in 1931, offers diverse logistics solutions and operates in 17 European countries. It aims to reduce Scope 1 and Scope 2 GHG emissions 60% 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.
W. P. Carey has leased the portfolio back to Raben for 15 years with annual rent increases tied to inflation, further expanding W. P. Carey's over €800 mln investment in Poland since 2006.
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.”
Marek Zychla, Head of Real Estate at Raben Group, added: “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, commented: “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.”